Social Media Stocks To Follow Now – May 21st

Shopify, Asset Entities, and Vertiv 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 revolves around online social networking, user-generated content, and digital community engagement. Their revenues typically come from advertising, data monetization, subscriptions or e-commerce integrations tied to platform usage. Investors value these stocks based on metrics such as user growth, engagement rates, ad‐sales performance and regulatory or competitive developments. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

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 $3.16 during midday trading on Wednesday, hitting $103.28. The company had a trading volume of 5,663,059 shares, compared to its average volume of 9,547,437. The business’s 50 day simple moving average is $94.87 and its two-hundred day simple moving average is $104.30. The stock has a market cap of $133.72 billion, a PE ratio of 66.74, a P/E/G ratio of 4.82 and a beta of 2.66. Shopify has a 1-year low of $48.56 and a 1-year high of $129.38.

Asset Entities (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.

ASST stock traded up $0.93 during midday trading on Wednesday, hitting $8.67. The stock had a trading volume of 36,038,592 shares, compared to its average volume of 8,024,963. The firm has a market capitalization of $124.96 million, a price-to-earnings ratio of -4.51 and a beta of 4.84. Asset Entities has a 52 week low of $0.34 and a 52 week high of $10.84. The stock has a 50-day simple moving average of $1.71 and a 200 day simple moving average of $0.99.

Vertiv (VRT)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Shares of NYSE VRT traded down $2.68 during midday trading on Wednesday, reaching $103.71. 2,688,214 shares of the company traded hands, compared to its average volume of 8,984,039. The firm has a market cap of $39.53 billion, a PE ratio of 81.24, a PEG ratio of 1.07 and a beta of 1.70. The stock’s 50-day simple moving average is $83.58 and its 200-day simple moving average is $105.98. Vertiv has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.