Technology Stocks To Follow Today – February 04th

NVIDIA, Meta Platforms, and Apple are the three Technology stocks to watch today, according to MarketBeat’s stock screener tool. Technology stocks are shares in companies that focus on developing and selling technological products or services. These stocks are considered high-risk, high-reward investments because the success of technology companies can be influenced by rapid advancements in the industry, changes in consumer preferences, and market competition. Investors often turn to technology stocks for potential growth and innovation opportunities within the market. These companies had the highest dollar trading volume of any Technology stocks within the last several days.

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.

Shares of NVDA traded up $2.76 during mid-day trading on Tuesday, hitting $119.42. 167,009,406 shares of the company traded hands, compared to its average volume of 294,649,625. The business has a 50 day moving average of $136.19 and a 200 day moving average of $129.38. The company has a market capitalization of $2.92 trillion, a PE ratio of 46.96, a price-to-earnings-growth ratio of 2.16 and a beta of 1.62. NVIDIA has a 1-year low of $66.25 and a 1-year high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

Meta Platforms (META)

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

Shares of META stock traded up $8.57 on Tuesday, hitting $706.03. The stock had a trading volume of 9,240,496 shares, compared to its average volume of 15,825,438. The firm has a market capitalization of $1.78 trillion, a P/E ratio of 29.50, a P/E/G ratio of 1.47 and a beta of 1.20. Meta Platforms has a 1 year low of $414.50 and a 1 year high of $710.79. The company’s 50 day moving average price is $616.25 and its 200-day moving average price is $568.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Apple (AAPL)

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Shares of AAPL traded up $3.80 during mid-day trading on Tuesday, hitting $231.81. 25,915,895 shares of the company’s stock were exchanged, compared to its average volume of 59,029,832. The firm has a market capitalization of $3.49 trillion, a P/E ratio of 36.77, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $241.58 and its two-hundred day moving average is $230.89. Apple has a fifty-two week low of $164.07 and a fifty-two week high of $260.10.