Promising Technology Stocks Worth Watching – February 02nd

NVIDIA, Apple, and Microsoft are the three Technology stocks to watch today, according to MarketBeat’s stock screener tool. Technology stocks refer to publicly traded companies that primarily focus on developing and selling technological products, services, or solutions. These companies operate in the technology sector and may include businesses involved in areas such as software, hardware, cloud computing, artificial intelligence, and electronic devices. Investors interested in technology stocks often seek exposure to companies with high growth potential and innovation within the technology industry. 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 stock traded down $4.58 during mid-day trading on Friday, reaching $120.07. The stock had a trading volume of 387,846,098 shares, compared to its average volume of 258,365,728. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $136.58 and its two-hundred day moving average price is $129.33. The firm has a market capitalization of $2.94 trillion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64. NVIDIA has a 52-week low of $60.70 and a 52-week high of $153.13.

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.

AAPL traded down $1.59 during midday trading on Friday, reaching $236.00. 100,927,959 shares of the company’s stock traded hands, compared to its average volume of 52,177,912. Apple has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a fifty day moving average of $241.68 and a two-hundred day moving average of $230.84. The stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 38.82, a P/E/G ratio of 2.39 and a beta of 1.20.

Microsoft (MSFT)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

Shares of Microsoft stock traded up $0.07 during midday trading on Friday, reaching $415.06. 34,151,765 shares of the company’s stock traded hands, compared to its average volume of 18,687,650. The company has a market cap of $3.09 trillion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90. The stock has a 50 day moving average of $432.53 and a 200-day moving average of $424.61. Microsoft has a 12 month low of $385.58 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.