Automotive Stocks To Consider - April 23rd

Tesla, NVIDIA, and Taiwan Semiconductor Manufacturing are the three Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks refer to shares of companies that manufacture vehicles or automotive components, as well as those providing related services such as financing, parts production, and aftersales support. These stocks are influenced by global economic trends, technological advancements, regulatory changes, and consumer demand, all of which affect the overall performance and growth potential of the automotive industry. 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 TSLA stock traded up $16.60 during trading hours on Wednesday, hitting $254.57. 88,914,561 shares of the company were exchanged, compared to its average volume of 105,969,414. The company has a market capitalization of $818.83 billion, a PE ratio of 124.79, a PEG ratio of 5.86 and a beta of 2.58. Tesla has a 52 week low of $157.51 and a 52 week high of $488.54. The business has a 50 day moving average of $269.39 and a two-hundred day moving average of $322.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

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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.

NVDA stock traded up $4.40 during trading hours on Wednesday, reaching $103.29. 133,184,503 shares of the stock were exchanged, compared to its average volume of 295,917,000. The firm's 50-day moving average is $115.15 and its 200-day moving average is $129.50. NVIDIA has a 12 month low of $78.22 and a 12 month high of $153.13. The company has a market cap of $2.52 trillion, a price-to-earnings ratio of 40.65, a PEG 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.

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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 $5.08 on Wednesday, hitting $156.48. 9,721,746 shares of the stock were exchanged, compared to its average volume of 15,716,115. The business has a 50-day moving average of $171.56 and a 200 day moving average of $189.66. Taiwan Semiconductor Manufacturing has a fifty-two week low of $128.86 and a fifty-two week high of $226.40. The firm has a market capitalization of $811.57 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

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