Promising Social Media Stocks To Add to Your Watchlist – November 12th

by · The Markets Daily

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” generally refers to shares of companies that operate social networking or user-generated content platforms. Investors may also use the phrase informally for stocks that receive heavy attention on social media, though that is not a distinct investment category. 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.

Shares of Strive stock traded down $0.97 during trading on Thursday, hitting $22.23. The stock had a trading volume of 3,858,852 shares, compared to its average volume of 5,605,244. The stock has a 50 day simple moving average of $26.82 and a 200 day simple moving average of $16.59. The company has a market capitalization of $1.90 billion, a PE ratio of -6.14 and a beta of 13.32. Strive has a 1 year low of $7.02 and a 1 year high of $32.08.

Read Our Latest Research Report on ASST

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.

NASDAQ:DJT traded down $0.04 during trading hours on Thursday, hitting $5.15. 6,161,496 shares of the stock traded hands, compared to its average volume of 4,552,510. The firm has a 50 day moving average price of $7.53 and a 200 day moving average price of $8.98. Trump Media & Technology Group has a fifty-two week low of $3.80 and a fifty-two week high of $17.09. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -1.55 and a beta of 1.35.

Read Our Latest Research Report on DJT

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.

JOYY stock traded down $0.35 during mid-day trading on Thursday, hitting $80.61. The company’s stock had a trading volume of 217,668 shares, compared to its average volume of 523,246. The firm’s 50 day moving average is $79.79 and its 200 day moving average is $68.80. The company has a market cap of $4.34 billion, a PE ratio of 24.35 and a beta of 0.21. JOYY has a 52-week low of $30.91 and a 52-week high of $55.30.

Read Our Latest Research Report on YY

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