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Automotive Stocks To Research - August 16th

NVIDIA logo with Computer and Technology background

Key Points

  • NVIDIA, Tesla, Salesforce, Micron Technology, and Taiwan Semiconductor Manufacturing are identified as the top automotive stocks to watch, reflecting significant interest and strong trading volumes in the sector.
  • NVIDIA's stock saw a recent dip, trading at $180.45, with a substantial market capitalization of $4.40 trillion and a notable price-to-earnings ratio of 58.21.
  • Tesla's shares declined to $330.56, with its market cap reaching $1.07 trillion, showing a high price-to-earnings ratio of 191.08, indicating robust investor expectations in the electric vehicle market.
  • Looking to export and analyze NVIDIA data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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, sale, or servicing of motor vehicles and their components. By purchasing these equities, investors gain exposure to the performance of automakers, parts suppliers, and related service providers. Their value is influenced by factors such as consumer demand, commodity prices, regulatory changes, and advances in technology. 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.

NVIDIA stock traded down $1.57 during midday trading on Friday, reaching $180.45. The stock had a trading volume of 156,219,545 shares, compared to its average volume of 153,661,792. The firm's fifty day simple moving average is $163.96 and its two-hundred day simple moving average is $135.36. NVIDIA has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market cap of $4.40 trillion, a price-to-earnings ratio of 58.21, a PEG ratio of 1.60 and a beta of 2.14.

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.

Tesla stock traded down $5.02 during midday trading on Friday, reaching $330.56. The stock had a trading volume of 74,099,060 shares, compared to its average volume of 90,268,784. The firm's fifty day simple moving average is $320.41 and its two-hundred day simple moving average is $305.81. Tesla has a twelve month low of $202.59 and a twelve month high of $488.54. 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 $1.07 trillion, a price-to-earnings ratio of 191.08, a PEG ratio of 11.67 and a beta of 2.33.

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.

Salesforce stock traded up $9.41 during midday trading on Friday, reaching $242.78. The stock had a trading volume of 12,936,592 shares, compared to its average volume of 6,984,759. The firm's fifty day simple moving average is $260.41 and its two-hundred day simple moving average is $275.84. Salesforce has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $232.10 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.12 and a beta of 1.37.

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.

MU stock traded down $4.42 during midday trading on Friday, reaching $120.87. The company had a trading volume of 18,964,487 shares, compared to its average volume of 20,422,110. Micron Technology has a 1 year low of $61.54 and a 1 year high of $129.85. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $135.27 billion, a P/E ratio of 21.78 and a beta of 1.37. The company has a 50 day moving average of $118.02 and a two-hundred day moving average of $99.06.

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.

TSM stock traded down $2.03 during midday trading on Friday, reaching $238.97. The company had a trading volume of 8,150,806 shares, compared to its average volume of 10,823,982. Taiwan Semiconductor Manufacturing has a 1 year low of $134.25 and a 1 year high of $248.28. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.24 trillion, a P/E ratio of 27.25, a PEG ratio of 1.17 and a beta of 1.19. The company has a 50 day moving average of $230.48 and a two-hundred day moving average of $197.90.

Read Our Latest Research Report on TSM

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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