Promising Digital Media Stocks To Follow Today – March 15th

Alibaba Group, Adobe, Digital Realty Trust, Rocket Companies, and Nexstar Media Group are the five Digital Media stocks to watch today, according to MarketBeat’s stock screener tool. Digital media stocks are shares of companies that operate primarily in creating, distributing, or monetizing digital content, including platforms for streaming, social media, online publishing, and digital advertising. These stocks represent businesses that leverage technology to deliver media content over the internet, making them subject to rapid innovation, evolving consumer habits, and dynamic regulatory environments. 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 $2.64 during trading hours on Friday, reaching $140.99. 17,322,283 shares of the stock traded hands, compared to its average volume of 18,804,383. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group has a 52-week low of $68.36 and a 52-week high of $145.36. The company’s 50-day moving average price is $110.73 and its two-hundred day moving average price is $98.59. The company has a market cap of $334.99 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

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.

Shares of ADBE traded up $16.90 during trading hours on Friday, reaching $394.74. 6,127,158 shares of the stock traded hands, compared to its average volume of 3,722,236. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.29. Adobe has a 52-week low of $374.50 and a 52-week high of $587.75. The company’s 50-day moving average price is $437.03 and its two-hundred day moving average price is $482.65. The company has a market cap of $171.87 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.37.

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 DLR traded up $2.47 during trading hours on Friday, reaching $148.41. 2,814,626 shares of the stock traded hands, compared to its average volume of 1,865,202. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 52-week low of $135.54 and a 52-week high of $198.00. The company’s 50-day moving average price is $165.62 and its two-hundred day moving average price is $169.77. The company has a market cap of $49.96 billion, a P/E ratio of 91.61, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

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 up $0.35 during mid-day trading on Friday, hitting $14.86. The company had a trading volume of 6,968,816 shares, compared to its average volume of 3,336,849. The company has a market capitalization of $29.65 billion, a price-to-earnings ratio of -92.84 and a beta of 2.39. Rocket Companies has a 12-month low of $10.06 and a 12-month 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 moving average price of $12.70 and a 200 day moving average price of $14.81.

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.

NXST stock traded up $1.33 during mid-day trading on Friday, hitting $169.88. The company had a trading volume of 596,758 shares, compared to its average volume of 404,553. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 0.45 and a beta of 1.47. Nexstar Media Group has a 12-month low of $146.04 and a 12-month high of $191.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The company has a 50-day moving average price of $157.63 and a 200 day moving average price of $163.83.