Best Automotive Stocks To Follow Now – March 22nd

Tesla, NVIDIA, Micron Technology, Costco Wholesale, and Bank of America are the five Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks refer to shares of companies engaged in the manufacturing, development, and sale of vehicles and their components. These stocks represent an investment in the automotive sector, where performance can be influenced by consumer trends, technological innovations, 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 $12.45 during trading on Friday, reaching $248.71. The company’s stock had a trading volume of 132,093,084 shares, compared to its average volume of 91,206,622. The stock has a market capitalization of $799.98 billion, a PE ratio of 121.92, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla has a one year low of $138.80 and a one year high of $488.54. The firm has a fifty day moving average of $335.19 and a 200 day moving average of $319.68.

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 down $0.83 on Friday, hitting $117.70. The company’s stock had a trading volume of 265,860,046 shares, compared to its average volume of 316,198,857. NVIDIA has a 52-week low of $75.61 and a 52-week high of $153.13. The firm has a market cap of $2.87 trillion, a P/E ratio of 46.32, a PEG ratio of 1.76 and a beta of 1.77. The company’s 50-day simple moving average is $126.92 and its 200 day simple moving average is $131.02. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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 Micron Technology stock traded down $8.28 during midday trading on Friday, hitting $94.72. The company had a trading volume of 63,123,228 shares, compared to its average volume of 22,560,130. The company has a 50 day moving average of $96.82 and a 200 day moving average of $98.21. Micron Technology has a 52-week low of $83.54 and a 52-week high of $157.54. The stock has a market capitalization of $105.53 billion, a P/E ratio of 27.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72.

Costco Wholesale (COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

NASDAQ COST traded up $13.86 on Friday, reaching $909.26. 3,444,501 shares of the stock were exchanged, compared to its average volume of 1,822,271. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $403.42 billion, a PE ratio of 53.39, a PEG ratio of 6.15 and a beta of 0.82. Costco Wholesale has a one year low of $697.27 and a one year high of $1,078.24. The company’s 50-day simple moving average is $987.55 and its two-hundred day simple moving average is $944.60.

Bank of America (BAC)

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

BAC stock traded down $0.01 during midday trading on Friday, reaching $42.47. The company’s stock had a trading volume of 65,002,977 shares, compared to its average volume of 35,888,697. The stock has a fifty day simple moving average of $44.81 and a two-hundred day simple moving average of $43.77. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.78 and a current ratio of 0.78. Bank of America has a 1 year low of $34.15 and a 1 year high of $48.08. The firm has a market capitalization of $322.88 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.21 and a beta of 1.32.