Best Automotive Stocks Worth Watching - July 2nd

Tesla, NVIDIA, and Micron Technology are the three Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are equity shares of publicly traded companies involved in the design, manufacture, distribution and sale of motor vehicles and their components. By purchasing these shares, investors gain exposure to the automotive sector’s growth prospects through potential capital appreciation and dividends. Their prices typically fluctuate in response to factors like consumer demand, raw material costs, technological innovation and regulatory change. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

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 up $12.13 during trading on Wednesday, reaching $312.84. The company's stock had a trading volume of 73,327,920 shares, compared to its average volume of 101,812,667. The firm has a fifty day moving average of $317.99 and a 200 day moving average of $328.19. Tesla has a one year low of $182.00 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The stock has a market capitalization of $1.01 trillion, a PE ratio of 172.24, a P/E/G ratio of 12.06 and a beta of 2.40.

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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 up $3.42 during mid-day trading on Wednesday, hitting $156.72. The company's stock had a trading volume of 82,062,525 shares, compared to its average volume of 267,891,526. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA has a 12 month low of $86.62 and a 12 month high of $158.71. The business has a 50 day moving average price of $133.27 and a 200-day moving average price of $127.24. The stock has a market cap of $3.82 trillion, a price-to-earnings ratio of 50.54, a price-to-earnings-growth ratio of 1.40 and a beta of 2.13.

Read Our Latest Research Report on NVDA

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.

NASDAQ:MU traded up $1.62 during mid-day trading on Wednesday, reaching $122.51. 15,955,352 shares of the company's stock traded hands, compared to its average volume of 23,280,140. The firm has a market capitalization of $137.10 billion, a price-to-earnings ratio of 21.99 and a beta of 1.34. The company has a 50 day moving average price of $100.85 and a 200-day moving average price of $94.48. Micron Technology has a 12-month low of $61.54 and a 12-month high of $137.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89.

Read Our Latest Research Report on MU