Promising Lithium Stocks To Follow Today – March 1st

Exxon Mobil, Albemarle, Rio Tinto Group, QuantumScape, Arcadium Lithium, Enovix, and SolarEdge Technologies are the seven Lithium stocks to watch today, according to MarketBeat’s stock screener tool. Lithium stocks are shares of companies involved in the extraction, processing, or production of lithium—a metal prized for its role in powering batteries for electric vehicles, electronics, and renewable energy systems. These stocks represent businesses operating in mining or related sectors, and are often considered key players in the global shift toward sustainable and clean energy technologies. These companies had the highest dollar trading volume of any Lithium stocks within the last several days.

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Shares of NYSE:XOM traded up $1.18 during midday trading on Friday, reaching $111.33. 18,815,935 shares of the company’s stock were exchanged, compared to its average volume of 14,938,178. The company’s 50 day simple moving average is $108.95 and its two-hundred day simple moving average is $114.26. The firm has a market capitalization of $483.08 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil has a 12 month low of $104.03 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Albemarle (ALB)

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.

Shares of NYSE:ALB traded down $1.94 during midday trading on Friday, reaching $77.03. 2,821,814 shares of the company’s stock were exchanged, compared to its average volume of 2,506,448. The company’s 50 day simple moving average is $85.49 and its two-hundred day simple moving average is $92.02. The firm has a market capitalization of $9.06 billion, a PE ratio of -6.88 and a beta of 1.59. Albemarle has a 12 month low of $71.97 and a 12 month high of $143.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.95.

Rio Tinto Group (RIO)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.

Shares of NYSE:RIO traded down $0.21 during midday trading on Friday, reaching $60.51. 3,236,867 shares of the company’s stock were exchanged, compared to its average volume of 3,208,554. The company’s 50 day simple moving average is $60.77 and its two-hundred day simple moving average is $62.89. The firm has a market capitalization of $75.82 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.42 and a beta of 0.65. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.63.

QuantumScape (QS)

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

Shares of NYSE:QS traded down $0.12 during midday trading on Friday, reaching $4.69. 19,857,758 shares of the company’s stock were exchanged, compared to its average volume of 15,495,463. The company’s 50 day simple moving average is $5.28 and its two-hundred day simple moving average is $5.38. The firm has a market capitalization of $2.40 billion, a PE ratio of -4.98 and a beta of 4.45. QuantumScape has a 12 month low of $4.58 and a 12 month high of $9.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

Arcadium Lithium (ALTM)

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.

Shares of NYSE:ALTM traded up $0.01 during midday trading on Friday, reaching $5.84. 14,457,086 shares of the company’s stock were exchanged, compared to its average volume of 18,030,252. The firm has a market capitalization of $6.28 billion, a PE ratio of 21.61 and a beta of 1.45. The company’s 50 day simple moving average is $5.62 and its two-hundred day simple moving average is $4.67. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $5.87.

Enovix (ENVX)

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.

Shares of Enovix stock traded down $0.12 during mid-day trading on Friday, reaching $8.92. 7,582,626 shares of the stock were exchanged, compared to its average volume of 7,068,572. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -6.15 and a beta of 1.87. The company has a current ratio of 3.77, a quick ratio of 3.61 and a debt-to-equity ratio of 0.99. The firm has a 50-day simple moving average of $11.22 and a 200 day simple moving average of $10.25. Enovix has a fifty-two week low of $5.70 and a fifty-two week high of $18.68.

SolarEdge Technologies (SEDG)

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.

Shares of SolarEdge Technologies stock traded down $1.40 during mid-day trading on Friday, reaching $16.49. 3,542,657 shares of the stock were exchanged, compared to its average volume of 4,793,063. The company has a market cap of $955.60 million, a price-to-earnings ratio of -0.53 and a beta of 1.56. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $14.99 and a 200 day simple moving average of $17.12. SolarEdge Technologies has a fifty-two week low of $10.24 and a fifty-two week high of $78.40.