Automotive Stocks To Follow Today – May 14th

Tesla, NVIDIA, Taiwan Semiconductor Manufacturing, Micron Technology, and Carvana are the five Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks are shares of publicly traded companies whose primary business involves designing, manufacturing, distributing or selling motor vehicles and related components. Investors buy these equities to gain exposure to the performance of the automotive industry, from traditional carmakers to electric‐vehicle startups and parts suppliers. Their value typically reflects industry trends such as consumer demand, technological innovation and regulatory changes. 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.

NASDAQ:TSLA traded up $12.84 on Wednesday, reaching $346.91. 72,436,760 shares of the stock traded hands, compared to its average volume of 96,512,704. The company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 170.16, a PEG ratio of 5.86 and a beta of 2.43. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla has a 12 month low of $167.41 and a 12 month high of $488.54. The company’s fifty day simple moving average is $260.85 and its 200 day simple moving average is $328.28.

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 $4.80 on Wednesday, reaching $134.73. 139,433,814 shares of the stock traded hands, compared to its average volume of 295,615,608. The company has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 53.08, a PEG ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA has a 12 month low of $86.62 and a 12 month high of $195.95. The company’s fifty day simple moving average is $110.79 and its 200 day simple moving average is $127.08.

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.

Shares of TSM stock traded up $1.22 during trading hours on Wednesday, reaching $195.21. The company had a trading volume of 6,856,667 shares, compared to its average volume of 15,905,805. The business has a fifty day moving average price of $166.14 and a 200-day moving average price of $187.43. Taiwan Semiconductor Manufacturing has a one year low of $133.57 and a one year high of $226.40. The firm has a market cap of $1.01 trillion, a PE ratio of 27.70, 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 quick ratio of 2.30 and a current ratio of 2.57.

Micron Technology (MU)

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

Shares of MU stock traded down $0.45 during mid-day trading on Wednesday, hitting $96.48. The company had a trading volume of 11,098,279 shares, compared to its average volume of 23,757,074. Micron Technology has a 52-week low of $61.54 and a 52-week high of $157.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. The stock’s 50 day moving average price is $82.74 and its 200-day moving average price is $92.81. The company has a market capitalization of $107.83 billion, a P/E ratio of 27.81 and a beta of 1.21.

Carvana (CVNA)

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.

CVNA stock traded up $15.39 during trading on Wednesday, hitting $308.45. The company had a trading volume of 3,444,512 shares, compared to its average volume of 3,923,152. Carvana has a 52-week low of $97.55 and a 52-week high of $309.01. The firm has a market capitalization of $65.75 billion, a P/E ratio of 196.39 and a beta of 3.61. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The company has a 50 day simple moving average of $213.32 and a 200-day simple moving average of $228.39.