Promising Electric Vehicle Stocks Worth Watching – May 15th

Tesla, Rivian Automotive, and Baidu are the three Electric Vehicle stocks to watch today, according to MarketBeat’s stock screener tool. Electric vehicle stocks are shares of companies that design, manufacture or supply components for electric vehicles, such as batteries and charging infrastructure. They give investors exposure to the rapidly growing clean-transportation sector driven by technological innovation and supportive environmental policies. The performance of these stocks typically hinges on factors like production capacity, technological breakthroughs, consumer adoption rates and government incentives. 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 $2.31 on Thursday, hitting $345.37. The company’s stock had a trading volume of 63,285,282 shares, compared to its average volume of 96,671,131. The company has a 50-day simple moving average of $262.55 and a 200 day simple moving average of $328.41. Tesla has a 1 year low of $167.41 and a 1 year high of $488.54. The company has a market capitalization of $1.11 trillion, a PE ratio of 168.90, a PEG ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

NASDAQ:RIVN traded up $0.62 during mid-day trading on Thursday, reaching $15.44. The stock had a trading volume of 36,989,023 shares, compared to its average volume of 36,095,425. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.70 and a current ratio of 5.09. The firm has a 50 day moving average price of $12.20 and a two-hundred day moving average price of $12.43. The stock has a market capitalization of $17.45 billion, a P/E ratio of -3.27 and a beta of 1.86. Rivian Automotive has a one year low of $9.50 and a one year high of $18.86.

Baidu (BIDU)

Baidu, Inc. engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.

Shares of BIDU traded down $3.45 during mid-day trading on Thursday, hitting $89.05. 3,037,100 shares of the company’s stock traded hands, compared to its average volume of 4,120,474. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. Baidu has a 1 year low of $74.71 and a 1 year high of $116.25. The firm has a market capitalization of $30.76 billion, a P/E ratio of 9.72, a PEG ratio of 2.96 and a beta of 0.37. The business’s 50-day moving average price is $89.20 and its 200-day moving average price is $88.08.