Promising Automotive Stocks To Follow Now – June 25th

Tesla, NVIDIA, and Micron Technology are the three Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks represent equity ownership in publicly traded companies involved in designing, manufacturing, distributing or servicing motor vehicles and their components. Their performance tends to track industry factors such as consumer demand, technological innovation, supply-chain dynamics and regulatory changes. 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 NASDAQ:TSLA traded down $14.86 on Wednesday, hitting $325.61. 70,552,748 shares of the company traded hands, compared to its average volume of 101,614,677. Tesla has a 52 week low of $182.00 and a 52 week high of $488.54. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $309.87 and a 200-day simple moving average of $331.48. The company has a market cap of $1.05 trillion, a PE ratio of 179.23, a PEG ratio of 13.04 and a beta of 2.47.

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.

NASDAQ NVDA traded up $3.88 during trading hours on Wednesday, hitting $151.78. The company’s stock had a trading volume of 128,287,793 shares, compared to its average volume of 270,085,375. NVIDIA has a 12 month low of $86.62 and a 12 month high of $153.13. The company’s 50 day simple moving average is $127.76 and its two-hundred day simple moving average is $126.59. The company has a market cap of $3.70 trillion, a P/E ratio of 48.91, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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 down $2.11 during midday trading on Wednesday, reaching $125.80. 11,245,337 shares of the company traded hands, compared to its average volume of 23,389,010. The firm has a market capitalization of $140.59 billion, a price-to-earnings ratio of 30.16 and a beta of 1.28. The business has a 50 day moving average of $95.29 and a two-hundred day moving average of $93.66. Micron Technology has a 12 month low of $61.54 and a 12 month high of $144.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.13 and a quick ratio of 1.99.