Promising Technology Stocks To Consider – May 2nd

NVIDIA, Apple, and Meta Platforms are the three Technology stocks to watch today, according to MarketBeat’s stock screener tool. Technology stocks are shares of companies whose core businesses involve the research, development or distribution of technology products and services—such as computer hardware, software, semiconductors or internet-based platforms. These stocks often offer high growth potential but can exhibit greater price volatility than more established sectors. These companies had the highest dollar trading volume of any Technology 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.

NASDAQ:NVDA traded up $3.17 during trading hours on Friday, reaching $114.78. The company’s stock had a trading volume of 125,937,326 shares, compared to its average volume of 300,889,273. NVIDIA has a one year low of $83.20 and a one year high of $195.95. The business’s 50-day moving average is $111.09 and its 200-day moving average is $128.31. The company has a market cap of $2.80 trillion, a price-to-earnings ratio of 45.18, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

Apple (AAPL)

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

AAPL traded down $8.23 during trading on Friday, hitting $205.09. The stock had a trading volume of 60,671,936 shares, compared to its average volume of 56,615,948. The firm has a market cap of $3.08 trillion, a PE ratio of 32.60, a P/E/G ratio of 2.44 and a beta of 1.26. The company has a 50 day simple moving average of $212.98 and a 200-day simple moving average of $228.83. Apple has a 12 month low of $169.21 and a 12 month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Meta Platforms (META)

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

Shares of Meta Platforms stock traded up $30.15 during midday trading on Friday, hitting $602.36. The company had a trading volume of 17,267,066 shares, compared to its average volume of 14,438,563. The stock has a market cap of $1.53 trillion, a PE ratio of 25.20, a P/E/G ratio of 1.42 and a beta of 1.28. Meta Platforms has a 1-year low of $432.28 and a 1-year high of $740.91. The business’s 50 day simple moving average is $576.50 and its two-hundred day simple moving average is $603.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.