Promising Digital Media Stocks To Add to Your Watchlist – May 5th

Alibaba Group, Adobe, Digital Realty Trust, Nexstar Media Group, and Rocket Companies are the five Digital Media stocks to watch today, according to MarketBeat’s stock screener tool. Digital media stocks are shares in publicly traded companies that create, distribute or monetize content and services through digital channels such as streaming platforms, social media networks, digital advertising networks and online gaming. Investors buy these stocks for exposure to the fast-growing online entertainment and advertising sectors, evaluating performance based on metrics like user engagement, subscriber growth and digital revenue streams. 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 Alibaba Group stock traded up $0.83 on Monday, hitting $126.59. The company had a trading volume of 5,779,056 shares, compared to its average volume of 20,540,142. The firm has a market capitalization of $302.29 billion, a P/E ratio of 18.29, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group has a twelve month low of $71.80 and a twelve month high of $148.43. The stock has a 50-day moving average of $125.16 and a 200-day moving average of $105.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

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.

NASDAQ:ADBE traded up $2.43 during mid-day trading on Monday, hitting $383.30. The stock had a trading volume of 574,105 shares, compared to its average volume of 3,426,335. Adobe has a twelve month low of $332.01 and a twelve month high of $587.75. The stock has a market cap of $163.36 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 2.15 and a beta of 1.55. The company’s 50 day simple moving average is $385.41 and its 200 day simple moving average is $440.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.07 and a current ratio of 1.07.

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.

NYSE DLR traded up $2.27 during midday trading on Monday, hitting $166.82. The company had a trading volume of 469,767 shares, compared to its average volume of 2,036,982. The firm has a 50-day moving average price of $149.77 and a 200-day moving average price of $167.70. The company has a market capitalization of $56.18 billion, a PE ratio of 102.95, a P/E/G ratio of 4.38 and a beta of 0.93. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Nexstar Media Group (NXST)

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.

Shares of Nexstar Media Group stock traded up $5.24 on Monday, hitting $157.90. The stock had a trading volume of 411,486 shares, compared to its average volume of 380,914. The stock has a 50 day moving average of $163.01 and a 200 day moving average of $162.47. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $4.82 billion, a P/E ratio of 9.12, a PEG ratio of 0.45 and a beta of 1.06. Nexstar Media Group has a twelve month low of $141.66 and a twelve month high of $191.86.

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.

Shares of Rocket Companies stock traded down $0.53 during trading on Monday, reaching $12.10. 3,469,702 shares of the company traded hands, compared to its average volume of 4,855,951. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $21.38. The firm has a market capitalization of $24.14 billion, a PE ratio of -75.71 and a beta of 2.35. The company has a 50 day moving average price of $13.39 and a 200-day moving average price of $13.27. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47.