Investors are focusing on seven key robotics stocks today, as indicated by MarketBeat’s stock screener tool. The highlighted companies are NVIDIA Corporation, Teradyne, Ouster, Zebra Technologies, Applied Industrial Technologies, ABB Ltd, and TechnipFMC plc. These firms are involved in the development, manufacturing, or integration of robotic and automation technologies, offering investors a chance to capitalize on the growing applications of robotics across various sectors, including manufacturing, healthcare, logistics, and defense. The performance of these stocks is largely influenced by factors such as technological advancements, adoption rates, and overall economic conditions.
NVIDIA Corporation: A Powerhouse in Graphics and AI
On July 9, 2023, shares of NVIDIA (NASDAQ: NVDA) increased by $2.88, reaching $162.88. The trading volume for the day was substantial, with 144,984,722 shares exchanged, compared to an average of 266,990,377. NVIDIA is known for providing graphics, computing, and networking solutions across the globe, including regions such as the United States, Taiwan, China, and Europe. The company boasts a market capitalization of $3.97 trillion, with a price-to-earnings ratio of 52.54 and a PEG ratio of 1.40. Its stock has experienced a 52-week low of $86.62 and a high of $164.34, reflecting significant volatility in the tech sector.
Teradyne and Ouster: Pioneers in Automation
Another noteworthy stock is Teradyne (NASDAQ: TER), which designs and develops automated test systems and robotics products. On the same day, Teradyne’s shares rose by $0.40, closing at $92.62. The firm reported a trading volume of 1,094,815 shares, which is lower than its average volume of 2,733,131. With a market cap of $14.86 billion and a price-to-earnings ratio of 26.16, Teradyne’s stock has fluctuated between a low of $65.77 and a high of $163.21 over the past year.
Similarly, Ouster, Inc. (NASDAQ: OUST), which specializes in lidar sensors for various industries, saw its stock rise by $1.45 to reach $24.60. The trading volume was notable at 2,560,863 shares, surpassing its average of 1,633,176. Ouster holds a market capitalization of $1.32 billion and has a P/E ratio of -9.57, which indicates its current challenges in profitability.
Zebra Technologies and Applied Industrial Technologies: Industry Innovators
In the realm of enterprise solutions, Zebra Technologies (NASDAQ: ZBRA) provides advanced automatic identification and data capture solutions. Its shares decreased by $0.86 to $322.20 on July 9, with a trading volume of 179,734 shares. Zebra Technologies has a market cap of $16.38 billion and a price-to-earnings ratio of 30.48, with a 52-week trading range of $205.73 to $427.76.
Meanwhile, Applied Industrial Technologies (NASDAQ: AIT) saw an increase of $2.55, bringing its price to $250.21. The firm, which distributes industrial automation solutions, reported a trading volume of 203,446 shares. With a market capitalization of $9.53 billion, Applied Industrial Technologies holds a P/E ratio of 25.12 and has traded between $182.21 and $282.98 over the past year.
ABB and TechnipFMC: Global Leaders in Automation
ABB Ltd (NASDAQ: ABBNY) specializes in electrification and automation solutions. On July 9, ABB shares rose by $0.49, reaching $59.43. The company had a trading volume of 772,705 shares, which is considerably higher than its average of 281,678. ABB’s market capitalization stands at $110.58 billion, with a P/E ratio of 28.03 and a 52-week trading range of $45.36 to $60.32.
Lastly, TechnipFMC plc (NYSE: FTI), which operates in the energy sector, saw its shares decrease by $0.05 to $35.28. The trading volume for TechnipFMC was 1,290,293 shares, below its average of 4,113,212. The company has a market capitalization of $14.79 billion and a P/E ratio of 18.57, reflecting its stable position in the market.
Investors interested in the robotics sector are closely monitoring these stocks, as technological advancements and increasing automation across industries continue to shape the landscape. With the potential for growth in various applications, understanding the performance metrics of these companies is crucial for making informed investment decisions.
