Best Automotive Stocks To Consider – May 9th

Tesla, NVIDIA, and Taiwan Semiconductor Manufacturing 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 and sale of motor vehicles, parts and related services. They give investors exposure to the auto industry’s performance, which is driven by consumer demand, technological innovation (such as electric vehicles) and broader economic trends. 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 $14.22 on Friday, hitting $299.04. The company had a trading volume of 82,120,090 shares, compared to its average volume of 95,843,911. The business has a 50 day moving average of $258.13 and a two-hundred day moving average of $326.09. Tesla has a 12-month low of $167.41 and a 12-month high of $488.54. 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 firm has a market capitalization of $963.19 billion, a P/E ratio of 146.59, a PEG ratio of 5.86 and a beta of 2.43.

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 down $0.75 during mid-day trading on Friday, reaching $116.62. 75,947,051 shares of the company were exchanged, compared to its average volume of 296,597,309. The company has a market capitalization of $2.85 trillion, a P/E ratio of 45.90, a P/E/G ratio of 1.76 and a beta of 2.11. The business’s 50 day simple moving average is $110.28 and its 200 day simple moving average is $127.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

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.

NYSE:TSM traded up $3.25 during midday trading on Friday, reaching $178.47. 5,372,181 shares of the company traded hands, compared to its average volume of 15,845,641. The company has a fifty day moving average price of $165.80 and a 200 day moving average price of $187.81. Taiwan Semiconductor Manufacturing has a twelve month low of $133.57 and a twelve month high of $226.40. The firm has a market capitalization of $925.62 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.