Top Electric Vehicle Stocks to Consider on March 9th
Investors searching for promising opportunities in the electric vehicle (EV) sector should take note of three key stocks to watch: Tesla, Arcadium Lithium, and Samsara, as identified by MarketBeat’s stock screener tool. These electric vehicle stocks represent shares in companies engaged in designing, producing, or offering essential components and services for electric vehicles. This includes manufacturers of batteries, firms focused on charging infrastructure, and automakers. With the increasing global shift towards sustainable transportation and renewable energy, these stocks are becoming an attractive option for investors.
Tesla (TSLA)
Tesla, Inc. is a leading company in the electric vehicle market, involved in the design, development, manufacturing, leasing, and sales of electric vehicles as well as energy generation and storage systems globally, including the United States and China. Tesla operates in two primary segments: Automotive, which encompasses electric vehicles and the sale of automotive regulatory credits, and Energy Generation and Storage, which involves solar and energy storage products.
On March 9th, shares of TSLA saw a decline of $0.78 during trading to reach $262.67. A significant trading volume of 102,166,241 shares was noted, surpassing its average volume of 82,497,328. The company boasts a market capitalization of $844.88 billion, a price-to-earnings ratio of 128.76, and a beta of 2.50. Tesla's stock has experienced a 12-month low of $138.80 and a high of $488.54. Furthermore, the current ratio stands at 2.02, the quick ratio at 1.61, and the debt-to-equity ratio is at a low 0.08. The stock’s fifty-day moving average price is $367.78 while the 200-day moving average is $318.71.
For more detailed insights, consider reading our latest research report on TSLA.
Arcadium Lithium (ALTM)
Arcadium Lithium plc is involved in producing lithium chemical products, operating across various regions including the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. The company's product lineup includes battery-grade lithium hydroxide, lithium carbonate, butyllithium, and high-purity lithium metal, which find applications in electric vehicles, electronics, and more.
On the same date, shares of ALTM traded slightly up by $0.01 to reach $5.85, with a trading volume of 93,149,574 shares, significantly higher than its average volume of 20,077,770. Arcadium Lithium's market cap is currently at $6.29 billion, providing a PE ratio of 73.06 and a beta of 1.48. The stock has recorded a one-year low of $2.19 and a high of $5.87.
To explore further, see our latest research report on ALTM.
Samsara (IOT)
Samsara Inc. focuses on solutions that interconnect physical operations data with its connected operations cloud, functioning both in the United States and globally. Their Connected Operations Cloud offers a Data Platform, efficiently aggregating and enhancing data sourced from its IoT devices, while incorporating AI, workflow capabilities, analytics, alerts, and ensuring data security and privacy.
Samsara's stock (IOT) experienced a considerable drop of $6.57, bringing the price down to $35.32 with a trading volume of 13,181,864 shares, significantly above its average of 3,457,513. The company has a market cap of $19.82 billion, a PE ratio of -75.14, and a beta of 1.63. Additionally, Samsara's stock has a one-year low of $27.14 and a high of $61.90.
For a deeper understanding, refer to our latest research report on IOT.
Further Reading
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