Automotive Stocks To Follow Today – June 6th

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 publicly traded companies engaged in the design, manufacture, sale and servicing of motor vehicles and their components. By buying these stocks, investors gain exposure to the auto industry’s performance, which is driven by consumer demand, technological innovation (such as electric and autonomous vehicles), regulatory shifts and global supply-chain factors. Examples include major automakers (Toyota, Ford, Tesla), parts suppliers (Magna International, Continental) and aftermarket service providers. 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 up $16.03 during mid-day trading on Friday, reaching $300.73. The company had a trading volume of 97,806,600 shares, compared to its average volume of 99,301,982. The stock has a fifty day moving average of $291.63 and a two-hundred day moving average of $333.97. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a market capitalization of $968.64 billion, a price-to-earnings ratio of 147.15, a PEG ratio of 5.86 and a beta of 2.47. Tesla has a 12-month low of $167.41 and a 12-month 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 NASDAQ NVDA traded up $2.16 during mid-day trading on Friday, reaching $142.15. The company had a trading volume of 74,472,842 shares, compared to its average volume of 280,367,958. The stock has a fifty day moving average of $117.82 and a two-hundred day moving average of $126.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 55.95, a PEG ratio of 1.76 and a beta of 2.12. NVIDIA has a 12-month low of $86.62 and a 12-month high of $195.95.

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 traded up $4.42 during midday trading on Friday, hitting $110.71. 9,625,126 shares of the company’s stock traded hands, compared to its average volume of 23,513,922. The company has a market cap of $123.73 billion, a PE ratio of 31.89 and a beta of 1.28. The stock’s fifty day simple moving average is $83.57 and its 200-day simple moving average is $92.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. Micron Technology has a one year low of $61.54 and a one year high of $157.54.