Promising Automotive Stocks To Follow Today – March 23rd

Tesla, NVIDIA, and Micron Technology are the three Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks are shares of companies involved in the design, manufacturing, and selling of vehicles, as well as those that produce parts or provide related services. These stocks are influenced by trends in consumer demand, economic conditions, and technological innovation within the automotive industry. 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.

TSLA traded up $12.45 during trading hours on Friday, hitting $248.71. The stock had a trading volume of 132,093,084 shares, compared to its average volume of 91,269,538. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a market cap of $799.98 billion, a PE ratio of 121.92, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. Tesla has a 1 year low of $138.80 and a 1 year high of $488.54. The company’s fifty day simple moving average is $335.19 and its 200 day simple moving average is $320.44.

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.

NVDA stock traded down $0.83 during mid-day trading on Friday, reaching $117.70. 265,860,046 shares of the company traded hands, compared to its average volume of 315,113,634. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $2.87 trillion, a P/E ratio of 46.32, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA has a 52-week low of $75.61 and a 52-week high of $153.13. The company has a fifty day moving average price of $126.92 and a 200-day moving average price of $131.18.

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 $8.28 during mid-day trading on Friday, reaching $94.72. 63,123,228 shares of the company traded hands, compared to its average volume of 22,501,008. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. The company has a market capitalization of $105.53 billion, a P/E ratio of 27.30 and a beta of 1.23. Micron Technology has a 52-week low of $83.54 and a 52-week high of $157.54. The company has a fifty day moving average price of $96.82 and a 200-day moving average price of $98.28.