Promising Electric Vehicle Stocks To Keep An Eye On – July 1st

Tesla, Wolfspeed, and Lucid Group are the three Electric Vehicle stocks to watch today, according to MarketBeat’s stock screener tool. Electric vehicle stocks are equity shares in companies that design, manufacture or supply components for electric vehicles, batteries and related charging infrastructure. By owning these shares, investors gain exposure to the global transition from internal-combustion engines to electrified mobility. Their performance is driven by factors such as EV adoption rates, advances in battery technology and government incentives for clean transportation. These companies had the highest dollar trading volume of any Electric Vehicle 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 $14.76 during midday trading on Tuesday, reaching $302.91. 94,755,331 shares of the company traded hands, compared to its average volume of 101,859,418. The company has a market cap of $975.64 billion, a price-to-earnings ratio of 166.50, a PEG ratio of 12.20 and a beta of 2.47. The stock has a 50-day moving average price of $316.73 and a 200 day moving average price of $328.38. Tesla has a 52 week low of $182.00 and a 52 week high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54.

Wolfspeed (WOLF)

Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.

Wolfspeed stock traded up $0.49 during trading hours on Tuesday, hitting $0.89. 396,782,982 shares of the company traded hands, compared to its average volume of 21,624,126. Wolfspeed has a 1-year low of $0.39 and a 1-year high of $25.49. The firm has a market cap of $137.89 million, a P/E ratio of -0.11 and a beta of 1.30. The firm’s 50-day simple moving average is $2.19 and its two-hundred day simple moving average is $4.30. The company has a quick ratio of 3.90, a current ratio of 4.64 and a debt-to-equity ratio of 30.65.

Lucid Group (LCID)

Lucid Group, Inc. a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.

Shares of Lucid Group stock traded down $0.08 on Tuesday, hitting $2.04. The company had a trading volume of 152,347,478 shares, compared to its average volume of 82,485,560. Lucid Group has a 52 week low of $1.93 and a 52 week high of $4.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.32 and a quick ratio of 2.97. The company has a market cap of $6.21 billion, a PE ratio of -1.68 and a beta of 0.81. The business has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $2.58.