Top Lithium Stocks To Add to Your Watchlist – March 3rd

Exxon Mobil, Albemarle, Rio Tinto Group, QuantumScape, Arcadium Lithium, SolarEdge Technologies, and Enovix are the seven Lithium stocks to watch today, according to MarketBeat’s stock screener tool. Lithium stocks are shares of companies involved in the extraction, processing, or production of lithium, a key component in batteries and energy storage systems. These stocks are often considered a proxy for future growth in sectors like electric vehicles and renewable energy, as demand for lithium is expected to rise with the global shift towards cleaner energy solutions. These companies had the highest dollar trading volume of any Lithium stocks within the last several days.

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

NYSE XOM traded down $1.71 during trading hours on Monday, hitting $109.63. The company’s stock had a trading volume of 4,504,680 shares, compared to its average volume of 14,894,971. The stock has a fifty day moving average of $108.95 and a 200 day moving average of $114.20. Exxon Mobil has a twelve month low of $104.03 and a twelve month high of $126.34. The firm has a market capitalization of $475.68 billion, a P/E ratio of 14.05, a PEG ratio of 3.02 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Albemarle (ALB)

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.

NYSE ALB traded down $3.29 during trading hours on Monday, hitting $73.74. The company’s stock had a trading volume of 1,967,044 shares, compared to its average volume of 2,491,337. Albemarle has a twelve month low of $71.97 and a twelve month high of $140.22. The company has a quick ratio of 1.19, a current ratio of 1.95 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $8.67 billion, a P/E ratio of -6.59 and a beta of 1.59. The stock has a fifty day moving average of $85.49 and a 200 day moving average of $92.26.

Rio Tinto Group (RIO)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.

NYSE:RIO traded up $1.25 during trading hours on Monday, hitting $61.81. The stock had a trading volume of 1,831,363 shares, compared to its average volume of 3,172,175. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.63. The company has a market cap of $77.45 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.42 and a beta of 0.65. The business’s 50 day moving average is $60.77 and its 200-day moving average is $62.88.

QuantumScape (QS)

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

NYSE:QS traded down $0.23 during trading hours on Monday, hitting $4.47. The stock had a trading volume of 10,073,763 shares, compared to its average volume of 15,309,064. QuantumScape has a one year low of $4.48 and a one year high of $9.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The company has a market cap of $2.29 billion, a price-to-earnings ratio of -4.77 and a beta of 4.45. The business’s 50 day moving average is $5.28 and its 200-day moving average is $5.37.

Arcadium Lithium (ALTM)

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.

NYSE:ALTM traded down $0.01 during trading hours on Monday, hitting $5.84. The stock had a trading volume of 7,352,599 shares, compared to its average volume of 17,761,000. Arcadium Lithium has a one year low of $2.19 and a one year high of $5.87. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 72.94 and a beta of 1.45. The business’s 50 day moving average is $5.62 and its 200-day moving average is $4.70.

SolarEdge Technologies (SEDG)

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.

NASDAQ:SEDG traded down $1.54 during trading hours on Monday, hitting $14.95. The stock had a trading volume of 2,109,279 shares, compared to its average volume of 4,724,269. SolarEdge Technologies has a one year low of $10.24 and a one year high of $78.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95. The company has a market cap of $866.58 million, a price-to-earnings ratio of -0.48 and a beta of 1.56. The business’s 50 day moving average is $15.02 and its 200-day moving average is $17.01.

Enovix (ENVX)

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.

NASDAQ:ENVX traded down $0.50 during trading hours on Monday, hitting $8.43. The stock had a trading volume of 2,235,677 shares, compared to its average volume of 6,944,792. The business’s 50 day moving average is $11.22 and its 200-day moving average is $10.25. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.61 and a current ratio of 3.77. Enovix has a one year low of $5.70 and a one year high of $18.68. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -5.83 and a beta of 1.87.