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Promising Automotive Stocks To Watch Now - July 24th

Tesla logo with Auto/Tires/Trucks background

Tesla, NVIDIA, Micron Technology, Taiwan Semiconductor Manufacturing, Union Pacific, AEye, and Bank of America are the seven Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of publicly traded companies whose primary business is the design, manufacture, distribution, and sale of motor vehicles and related components. Investors buy these equities to gain exposure to the performance of automakers, parts suppliers, and service providers within the automotive sector. Their value tends to fluctuate with consumer demand, technological innovation, regulatory shifts, and broader economic cycles. 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.

Shares of TSLA traded down $30.51 during midday trading on Thursday, reaching $302.05. The stock had a trading volume of 86,574,290 shares, compared to its average volume of 107,671,086. The company has a market capitalization of $972.90 billion, a price-to-earnings ratio of 165.87, a price-to-earnings-growth ratio of 12.61 and a beta of 2.39. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. Tesla has a 12-month low of $182.00 and a 12-month high of $488.54. The company's 50-day moving average is $326.13 and its 200 day moving average is $315.92.

Read Our Latest Research Report on TSLA

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 $2.13 during mid-day trading on Thursday, reaching $172.91. 62,217,686 shares of the company traded hands, compared to its average volume of 251,731,750. The firm has a market capitalization of $4.22 trillion, a price-to-earnings ratio of 55.72, a P/E/G ratio of 1.47 and a beta of 2.13. The firm's 50 day moving average price is $149.41 and its 200 day moving average price is $130.53. NVIDIA has a 52-week low of $86.62 and a 52-week high of $174.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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.

Micron Technology stock traded up $2.05 during mid-day trading on Thursday, reaching $111.88. The stock had a trading volume of 11,287,917 shares, compared to its average volume of 23,422,307. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The company has a market capitalization of $125.20 billion, a price-to-earnings ratio of 20.15 and a beta of 1.35. The company has a 50-day moving average price of $112.35 and a two-hundred day moving average price of $97.41. Micron Technology has a one year low of $61.54 and a one year high of $129.85.

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.

Shares of NYSE:TSM traded down $0.03 during trading on Thursday, hitting $240.30. The company's stock had a trading volume of 4,592,262 shares, compared to its average volume of 15,623,148. The company has a 50-day moving average of $215.49 and a 200-day moving average of $194.46. Taiwan Semiconductor Manufacturing has a 12 month low of $133.57 and a 12 month high of $248.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The firm has a market cap of $1.25 trillion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 1.13 and a beta of 1.29.

Read Our Latest Research Report on TSM

Union Pacific (UNP)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

Union Pacific stock traded down $6.60 during midday trading on Thursday, hitting $224.40. The stock had a trading volume of 3,861,104 shares, compared to its average volume of 3,052,158. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. Union Pacific has a 52-week low of $204.66 and a 52-week high of $258.07. The firm's fifty day moving average is $227.49 and its two-hundred day moving average is $231.13. The company has a market capitalization of $134.07 billion, a PE ratio of 20.24, a P/E/G ratio of 2.29 and a beta of 1.05.

Read Our Latest Research Report on UNP

AEye (LIDR)

AEye, Inc., together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.

LIDR traded up $1.72 during trading on Thursday, reaching $2.85. The company had a trading volume of 290,760,251 shares, compared to its average volume of 3,689,001. The stock has a market cap of $54.84 million, a P/E ratio of -0.85 and a beta of 2.77. The business has a 50 day simple moving average of $0.89 and a 200-day simple moving average of $0.85. AEye has a 52 week low of $0.49 and a 52 week high of $4.80. The company has a quick ratio of 2.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.01.

Read Our Latest Research Report on LIDR

Bank of America (BAC)

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

Shares of BAC stock traded up $0.80 on Thursday, hitting $48.94. The stock had a trading volume of 15,411,115 shares, compared to its average volume of 43,300,762. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average price of $45.75 and a 200 day moving average price of $43.72. The company has a market cap of $368.57 billion, a PE ratio of 14.32, a P/E/G ratio of 1.86 and a beta of 1.30. Bank of America has a one year low of $33.06 and a one year high of $49.31.

Read Our Latest Research Report on BAC

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