Automotive Stocks To Consider - August 3rd

Key Points

• NVIDIA, Tesla, and Taiwan Semiconductor Manufacturing are the top automotive stocks to watch, reflecting high trading volumes and significant market interest.
• NVIDIA has a market capitalization of $4.24 trillion and is currently trading at $173.72, with notable metrics including a PE ratio of 56.04 and a beta of 2.14.
• Tesla's current stock price is $302.63, and it has a market cap of $976.12 billion, characterized by a high PE ratio of 174.93 and a beta of 2.33.

NVIDIA, Tesla, and Taiwan Semiconductor Manufacturing are the three Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of publicly traded companies involved in the design, manufacture, distribution, or servicing of motor vehicles and their components. Investing in these equities gives exposure to carmakers, parts suppliers, electric-vehicle producers, dealership networks and related service providers. Their performance typically reflects consumer demand, technological innovation, regulatory changes and global supply‐chain dynamics. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

NASDAQ NVDA traded down $4.15 during mid-day trading on Friday, reaching $173.72. 203,669,565 shares of the stock were exchanged, compared to its average volume of 153,436,048. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $4.24 trillion, a PE ratio of 56.04, a PEG ratio of 1.53 and a beta of 2.14. NVIDIA has a 1-year low of $86.62 and a 1-year high of $183.30. The business's fifty day simple moving average is $155.30 and its 200 day simple moving average is $132.29.

Read Our Latest Research Report on NVDA

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

NASDAQ:TSLA traded down $5.64 during trading hours on Friday, reaching $302.63. 88,785,612 shares of the company were exchanged, compared to its average volume of 91,739,856. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The firm has a market cap of $976.12 billion, a price-to-earnings ratio of 174.93, a PEG ratio of 10.63 and a beta of 2.33. Tesla has a 52-week low of $182.00 and a 52-week high of $488.54. The stock has a 50 day simple moving average of $322.22 and a 200 day simple moving average of $311.03.

Read Our Latest Research Report on TSLA

Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.

NYSE:TSM traded down $6.34 during trading hours on Friday, reaching $235.28. 13,529,531 shares of the company were exchanged, compared to its average volume of 11,692,207. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.18. The firm has a market cap of $1.22 trillion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.13 and a beta of 1.19. Taiwan Semiconductor Manufacturing has a 52-week low of $133.57 and a 52-week high of $248.28. The stock has a 50 day simple moving average of $222.20 and a 200 day simple moving average of $195.99.

Read Our Latest Research Report on TSM

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