Promising Automotive Stocks To Keep An Eye On – August 17th

NVIDIA, Tesla, and Salesforce are the three Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks are shares of publicly traded companies involved in the design, manufacture, marketing and sale of motor vehicles, parts and related technologies. They include traditional automakers, component suppliers and emerging firms in electric and autonomous vehicles. Investors follow these stocks to gain exposure to consumer demand cycles and technological shifts in the transportation sector. 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 NVIDIA stock traded down $1.57 during trading on Friday, reaching $180.45. The company’s stock had a trading volume of 156,219,545 shares, compared to its average volume of 153,661,792. NVIDIA has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a market cap of $4.40 trillion, a price-to-earnings ratio of 58.21, a PEG ratio of 1.59 and a beta of 2.14. The firm’s 50-day moving average is $163.96 and its two-hundred day moving average is $135.45. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

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 Tesla stock traded down $5.02 during trading on Friday, reaching $330.56. The company’s stock had a trading volume of 74,099,060 shares, compared to its average volume of 90,268,784. The firm’s 50-day moving average is $320.41 and its two-hundred day moving average is $305.24. Tesla has a 52-week low of $202.59 and a 52-week high of $488.54. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.07 trillion, a price-to-earnings ratio of 191.08, a PEG ratio of 11.49 and a beta of 2.33.

Salesforce (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

Shares of Salesforce stock traded up $9.41 during trading on Friday, hitting $242.78. The company’s stock had a trading volume of 12,936,592 shares, compared to its average volume of 6,984,759. The company has a market capitalization of $232.10 billion, a PE ratio of 37.99, a P/E/G ratio of 2.20 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. Salesforce has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a fifty day simple moving average of $260.41 and a two-hundred day simple moving average of $275.30.