Promising Digital Media Stocks To Follow Now – April 17th

Alibaba Group, Adobe, Digital Realty Trust, Magnite, and Rocket Companies are the five Digital Media stocks to watch today, according to MarketBeat’s stock screener tool. Digital media stocks refer to shares of companies that create, distribute, or manage content primarily through digital platforms, such as social media, streaming services, and online advertising networks. These stocks are closely tied to trends in technology and consumer behavior, with investors often monitoring metrics like user engagement, digital reach, and innovation in content delivery. These companies had the highest dollar trading volume of any Digital Media stocks within the last several days.

Alibaba Group (BABA)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Shares of BABA traded up $2.56 during mid-day trading on Thursday, reaching $109.31. The company had a trading volume of 9,614,473 shares, compared to its average volume of 29,964,281. The company has a market capitalization of $259.64 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group has a 52 week low of $68.36 and a 52 week high of $148.43. The firm has a 50-day moving average price of $127.19 and a 200 day moving average price of $104.75.

Adobe (ADBE)

Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

ADBE stock traded up $6.40 on Thursday, hitting $350.59. The company had a trading volume of 1,971,029 shares, compared to its average volume of 3,396,432. The stock’s 50-day simple moving average is $407.79 and its 200 day simple moving average is $452.66. The stock has a market cap of $149.42 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 2.15 and a beta of 1.49. Adobe has a 12-month low of $332.01 and a 12-month high of $587.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.29.

Digital Realty Trust (DLR)

Digital Realty Trust, Inc. operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

Shares of NYSE DLR traded up $2.86 during midday trading on Thursday, reaching $151.04. The stock had a trading volume of 598,417 shares, compared to its average volume of 2,024,605. The stock has a 50-day moving average of $151.91 and a 200-day moving average of $167.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a market capitalization of $50.86 billion, a price-to-earnings ratio of 93.36, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92.

Magnite (MGNI)

Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company’s platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers.

MGNI traded up $1.30 on Thursday, hitting $11.20. The company had a trading volume of 4,373,126 shares, compared to its average volume of 2,080,859. Magnite has a 12-month low of $8.22 and a 12-month high of $21.29. The company has a market cap of $1.60 billion, a PE ratio of 184.87, a PEG ratio of 1.00 and a beta of 2.69. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $13.86 and its 200 day simple moving average is $14.83.

Rocket Companies (RKT)

Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.

RKT stock traded down $0.00 during trading on Thursday, hitting $12.25. The company had a trading volume of 1,620,374 shares, compared to its average volume of 8,021,986. Rocket Companies has a 52-week low of $10.06 and a 52-week high of $21.38. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. The company has a 50 day simple moving average of $13.51 and a 200-day simple moving average of $13.80. The firm has a market capitalization of $24.45 billion, a P/E ratio of -76.46 and a beta of 2.35.