Promising Digital Media Stocks To Watch Today – February 02nd

Alibaba Group, Adobe, and Digital Realty Trust are the three Digital Media stocks to watch today, according to MarketBeat’s stock screener tool. Digital media stocks are investments in companies that operate in the digital media industry, which includes content creation, distribution, and advertising services on digital platforms such as websites, social media, streaming services, and mobile apps. These stocks can include companies involved in online publishing, video streaming, social media platforms, digital marketing, and other digital media-related services. Investors purchase digital media stocks to potentially benefit from the growth and profitability of the digital media sector as more consumers shift towards consuming content online. 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.

NYSE:BABA traded down $4.09 during trading hours on Friday, hitting $98.65. 36,378,141 shares of the company were exchanged, compared to its average volume of 16,013,848. The stock has a market capitalization of $234.66 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 0.41 and a beta of 0.30. Alibaba Group has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company’s 50 day moving average price is $86.58 and its 200-day moving average price is $88.83.

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 down $8.55 during trading hours on Friday, hitting $437.45. The stock had a trading volume of 4,684,105 shares, compared to its average volume of 3,604,491. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50-day moving average price of $461.97 and a 200 day moving average price of $503.41. Adobe has a fifty-two week low of $403.75 and a fifty-two week high of $638.25. The firm has a market capitalization of $190.42 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.14 and a beta of 1.31.

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 down $0.43 during trading hours on Friday, reaching $163.80. 2,010,622 shares of the company were exchanged, compared to its average volume of 2,216,498. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average is $181.03 and its 200-day moving average is $167.98. The firm has a market cap of $54.33 billion, a PE ratio of 137.65, a price-to-earnings-growth ratio of 4.11 and a beta of 0.64. Digital Realty Trust has a twelve month low of $131.42 and a twelve month high of $198.00.