Best Social Media Stocks To Add to Your Watchlist – November 11th

Strive, Trump Media & Technology Group, and JOYY 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 businesses include operating social networking or online content platforms. Investors often evaluate them based on user growth, advertising revenue, engagement, and their ability to monetize audiences, though the category is not a formal market sector. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Strive (ASST)

Asset Entities Inc., a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.

NASDAQ:ASST traded up $1.37 during trading hours on Wednesday, hitting $22.92. The company had a trading volume of 3,584,751 shares, compared to its average volume of 5,598,897. Strive has a 52 week low of $7.02 and a 52 week high of $32.08. The company has a market capitalization of $1.96 billion, a PE ratio of -2.60 and a beta of 13.32. The stock has a 50-day moving average price of $26.84 and a 200 day moving average price of $16.56.

Trump Media & Technology Group (DJT)

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

DJT stock traded up $1.16 during trading on Wednesday, reaching $5.43. The company had a trading volume of 12,365,400 shares, compared to its average volume of 4,521,975. Trump Media & Technology Group has a 52 week low of $3.80 and a 52 week high of $17.09. The business has a 50 day moving average of $7.61 and a 200 day moving average of $9.03. The company has a market cap of $1.51 billion, a P/E ratio of -1.63 and a beta of 1.35.

JOYY (YY)

JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.

Shares of NASDAQ YY traded up $0.58 on Wednesday, reaching $81.49. 182,651 shares of the company’s stock traded hands, compared to its average volume of 523,246. The business’s 50 day simple moving average is $79.67 and its two-hundred day simple moving average is $68.73. JOYY has a 12 month low of $30.91 and a 12 month high of $55.30. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 24.62 and a beta of 0.21.