Top Social Media Stocks To Add to Your Watchlist – August 8th

Expedia Group, Shopify, and GoDaddy are the three Social Media stocks to watch today, according to MarketBeat’s stock screener tool. Social media stocks are shares of publicly traded companies whose core business is operating social networking platforms that enable users to connect, share content, and engage online. Investing in these stocks gives exposure to revenue streams such as digital advertising, subscription services, and data monetization. Their performance often hinges on user growth and engagement metrics, technological innovation, and evolving regulatory policies. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Expedia Group (EXPE)

Expedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.

NASDAQ EXPE traded up $5.82 on Friday, reaching $193.43. The stock had a trading volume of 4,932,973 shares, compared to its average volume of 2,108,054. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group has a 12-month low of $125.50 and a 12-month high of $213.00. The business’s 50-day moving average price is $176.06 and its 200 day moving average price is $172.61. The stock has a market cap of $24.59 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.61.

Shopify (SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

Shares of Shopify stock traded down $2.11 during trading hours on Friday, hitting $148.96. 6,179,942 shares of the company were exchanged, compared to its average volume of 10,527,225. The business has a 50-day moving average of $116.61 and a 200-day moving average of $107.55. Shopify has a 1 year low of $65.86 and a 1 year high of $156.85. The stock has a market capitalization of $193.26 billion, a price-to-earnings ratio of 96.41, a P/E/G ratio of 4.82 and a beta of 2.63.

GoDaddy (GDDY)

GoDaddy Inc. engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.

GDDY stock traded down $16.04 on Friday, reaching $134.21. 3,136,452 shares of the company’s stock were exchanged, compared to its average volume of 1,520,030. The stock has a fifty day moving average of $172.41 and a 200-day moving average of $180.34. GoDaddy has a twelve month low of $133.23 and a twelve month high of $216.00. The firm has a market cap of $19.12 billion, a PE ratio of 25.83 and a beta of 1.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 18.91.