Automotive Stocks To Keep An Eye On - August 15th

Key Points

• NVIDIA, Tesla, Salesforce, Micron Technology, and Taiwan Semiconductor Manufacturing are highlighted as key automotive stocks to monitor due to their recent high trading volumes and market activity.
• NVIDIA shares recently traded down to $178.92 and have a market cap of $4.37 trillion, while Tesla shares fell to $327.89 with a market cap of $1.06 trillion.
• The article emphasizes that automotive stocks are influenced by several factors including consumer demand, technological advances, and changing regulations, making them critical for investors looking to gain exposure in the automotive sector.

NVIDIA, Tesla, Salesforce, Micron Technology, and Taiwan Semiconductor Manufacturing are the five 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, and sale of motor vehicles and related components. By buying these stocks, investors gain exposure to the financial performance of automakers, parts suppliers and dealerships. Their value is influenced by factors such as consumer demand, commodity costs, technological advances (for example, electric vehicles) and changing regulations. 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.

Shares of NASDAQ:NVDA traded down $3.10 during trading on Friday, hitting $178.92. The stock had a trading volume of 85,231,148 shares, compared to its average volume of 241,751,281. NVIDIA has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.37 trillion, a PE ratio of 57.79, a PEG ratio of 1.60 and a beta of 2.14. The firm's fifty day moving average is $163.18 and its 200 day moving average is $135.00.

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.

Shares of Tesla stock traded down $7.69 on Friday, reaching $327.89. The company's stock had a trading volume of 35,975,064 shares, compared to its average volume of 105,682,859. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. Tesla has a 52 week low of $202.59 and a 52 week high of $488.54. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 189.55, a P/E/G ratio of 11.80 and a beta of 2.33. The firm's fifty day simple moving average is $319.71 and its two-hundred day simple moving average is $306.28.

Read Our Latest Research Report on TSLA

Salesforce (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

NYSE:CRM traded up $10.78 during mid-day trading on Friday, hitting $244.15. 6,417,862 shares of the company traded hands, compared to its average volume of 7,180,136. The stock's fifty day moving average price is $261.05 and its 200-day moving average price is $276.65. Salesforce has a one year low of $226.48 and a one year high of $369.00. The firm has a market cap of $233.40 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 2.15 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Read Our Latest Research Report on CRM

Micron Technology (MU)

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

Shares of NASDAQ:MU traded down $4.63 during mid-day trading on Friday, reaching $120.66. The stock had a trading volume of 10,897,966 shares, compared to its average volume of 23,075,572. The business's 50 day moving average price is $117.77 and its 200 day moving average price is $98.83. Micron Technology has a 1 year low of $61.54 and a 1 year high of $129.85. The company has a market cap of $135.03 billion, a P/E ratio of 21.75 and a beta of 1.37. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30.

Read Our Latest Research Report on MU

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 $3.22 during midday trading on Friday, hitting $237.78. The stock had a trading volume of 3,578,011 shares, compared to its average volume of 15,079,332. Taiwan Semiconductor Manufacturing has a one year low of $134.25 and a one year high of $248.28. The company has a market capitalization of $1.23 trillion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.16 and a beta of 1.19. The stock has a 50-day moving average of $229.81 and a 200 day moving average of $197.64. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.18.

Read Our Latest Research Report on TSM

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