Manufacturing Stocks To Watch Now – May 9th

D-Wave Quantum, Taiwan Semiconductor Manufacturing, Microchip Technology, Salesforce, GE Vernova, Rocket Lab USA, and ServiceNow are the seven Manufacturing stocks to watch today, according to MarketBeat’s stock screener tool. Manufacturing stocks, often referred to as inventory, comprise the raw materials, work-in-progress items and finished goods that a production company holds. They are current assets essential for ensuring uninterrupted manufacturing operations, meeting customer demand and balancing carrying costs against the risk of stock-outs. These companies had the highest dollar trading volume of any Manufacturing stocks within the last several days.

D-Wave Quantum (QBTS)

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.

QBTS stock traded up $0.19 during mid-day trading on Friday, reaching $10.61. The company had a trading volume of 122,587,913 shares, compared to its average volume of 36,201,390. The stock has a 50 day simple moving average of $7.29 and a two-hundred day simple moving average of $5.71. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -25.26 and a beta of 0.90. D-Wave Quantum has a 52 week low of $0.75 and a 52 week high of $11.95.

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 NYSE:TSM traded up $2.37 on Friday, reaching $177.59. 6,383,031 shares of the company’s stock were exchanged, compared to its average volume of 15,848,615. The company has a market capitalization of $921.06 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 0.66 and a beta of 1.21. The company has a fifty day moving average of $165.80 and a 200-day moving average of $187.81. Taiwan Semiconductor Manufacturing has a twelve month low of $133.57 and a twelve month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Microchip Technology (MCHP)

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.

Microchip Technology stock traded up $5.06 during trading hours on Friday, hitting $54.20. The stock had a trading volume of 11,856,864 shares, compared to its average volume of 8,332,908. The stock has a market cap of $29.15 billion, a price-to-earnings ratio of 96.79 and a beta of 1.42. Microchip Technology has a one year low of $34.13 and a one year high of $100.57. The business’s 50 day simple moving average is $47.11 and its 200-day simple moving average is $56.71. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 1.12.

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.

Salesforce stock traded down $4.22 during mid-day trading on Friday, reaching $275.52. The stock had a trading volume of 2,213,732 shares, compared to its average volume of 6,815,646. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s 50-day simple moving average is $267.57 and its 200-day simple moving average is $307.15. Salesforce has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The firm has a market capitalization of $264.88 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 2.58 and a beta of 1.42.

GE Vernova (GEV)

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

Shares of NYSE:GEV traded up $1.75 during trading on Friday, hitting $395.75. 1,263,788 shares of the company were exchanged, compared to its average volume of 3,313,454. The stock has a 50 day moving average of $328.62 and a 200 day moving average of $339.77. GE Vernova has a 52-week low of $150.01 and a 52-week high of $447.50. The company has a market cap of $108.01 billion and a PE ratio of 71.18.

Rocket Lab USA (RKLB)

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.

Shares of NASDAQ:RKLB traded down $2.23 during midday trading on Friday, hitting $20.87. 22,485,981 shares of the stock traded hands, compared to its average volume of 17,675,852. Rocket Lab USA has a one year low of $3.97 and a one year high of $33.34. The stock has a market capitalization of $9.47 billion, a PE ratio of -56.40 and a beta of 2.04. The business’s 50 day moving average is $19.66 and its two-hundred day moving average is $21.91. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97.

ServiceNow (NOW)

ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

NYSE NOW traded up $4.63 during mid-day trading on Friday, reaching $979.12. The stock had a trading volume of 474,483 shares, compared to its average volume of 1,509,883. The stock has a market cap of $202.68 billion, a PE ratio of 143.36, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10. ServiceNow has a 1 year low of $637.99 and a 1 year high of $1,198.09. The company has a fifty day moving average price of $843.35 and a 200 day moving average price of $969.61.