Automotive Stocks To Follow Now – January 31st

by · The Markets Daily

NVIDIA, Tesla, and Taiwan Semiconductor Manufacturing are the three Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks are investments in companies that are involved in the design, manufacture, marketing, and sale of vehicles such as cars, trucks, motorcycles, and other transportation vehicles. These stocks represent ownership in companies within the automotive industry and can be influenced by factors such as consumer demand, economic conditions, and technological advancements. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

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 $0.37 during midday trading on Friday, reaching $125.02. The company had a trading volume of 159,217,061 shares, compared to its average volume of 285,028,063. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA has a one year low of $60.70 and a one year high of $153.13. The stock’s fifty day moving average price is $137.02 and its 200-day moving average price is $129.37. The stock has a market capitalization of $3.06 trillion, a P/E ratio of 49.38, a PEG ratio of 2.23 and a beta of 1.64.

Read Our Latest Research Report on NVDA

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 $17.77 during trading on Friday, reaching $418.05. The stock had a trading volume of 36,332,053 shares, compared to its average volume of 73,052,734. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The stock has a market cap of $1.34 trillion, a PE ratio of 204.95, a P/E/G ratio of 8.08 and a beta of 2.30. Tesla has a one year low of $138.80 and a one year high of $488.54. The firm’s 50 day moving average price is $403.18 and its two-hundred day moving average price is $297.99.

Read Our Latest Research Report on TSLA

Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.

Taiwan Semiconductor Manufacturing stock traded up $5.63 during mid-day trading on Friday, reaching $213.78. The company’s stock had a trading volume of 6,192,607 shares, compared to its average volume of 19,765,416. The firm has a market cap of $1.11 trillion, a price-to-earnings ratio of 30.37, a PEG ratio of 0.67 and a beta of 1.07. Taiwan Semiconductor Manufacturing has a twelve month low of $112.61 and a twelve month high of $226.40. The business has a 50 day moving average price of $202.06 and a 200-day moving average price of $186.16. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Read Our Latest Research Report on TSM

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