Promising Automotive Stocks Worth Watching – February 06th

Tesla, NVIDIA, and Salesforce are the three Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks refer to shares of publicly traded companies that are involved in the design, manufacturing, distribution, and/or sale of automobiles, automotive parts, or related products and services. Investors can purchase these stocks to gain exposure to the automotive industry and potentially benefit from its performance and growth. 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.

Tesla stock traded down $8.26 during trading on Thursday, reaching $369.91. The stock had a trading volume of 42,277,043 shares, compared to its average volume of 73,267,977. The business has a 50 day moving average price of $407.11 and a 200 day moving average price of $302.26. 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 $1.19 trillion, a PE ratio of 180.98, a P/E/G ratio of 6.79 and a beta of 2.34. Tesla has a 52-week low of $138.80 and a 52-week high of $488.54.

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.

Shares of NVDA stock traded up $2.73 during mid-day trading on Thursday, hitting $127.56. The stock had a trading volume of 111,478,011 shares, compared to its average volume of 289,176,813. The firm has a market cap of $3.12 trillion, a PE ratio of 50.25, a PEG ratio of 2.16 and a beta of 1.62. NVIDIA has a fifty-two week low of $66.25 and a fifty-two week high of $153.13. The company’s 50-day simple moving average is $135.62 and its 200-day simple moving average is $129.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

Salesforce (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

NYSE:CRM traded down $14.56 on Thursday, hitting $333.37. 6,830,866 shares of the stock were exchanged, compared to its average volume of 6,116,563. Salesforce has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The stock has a market cap of $319.04 billion, a PE ratio of 54.79, a PEG ratio of 3.09 and a beta of 1.31. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $339.04 and a 200-day moving average of $299.65.