Promising Manufacturing Stocks To Watch Today – February 22nd

Venus Acquisition, Taiwan Semiconductor Manufacturing, GE Vernova, Salesforce, and ServiceNow are the five Manufacturing stocks to watch today, according to MarketBeat’s stock screener tool. These companies had the highest dollar trading volume of any Manufacturing stocks within the last several days.

Venus Acquisition (VENA)

Venus Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, and business combination with one or more businesses. It intends to focus on businesses in the Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors in Asian market.

Shares of VENA stock traded up $5.21 during trading hours on Friday, reaching $6.36. 526,636,557 shares of the company’s stock were exchanged, compared to its average volume of 25,904. The stock’s 50 day moving average is $2.05 and its 200-day moving average is $1.39. Venus Acquisition has a fifty-two week low of $7.27 and a fifty-two week high of $16.17.

Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.

Shares of NYSE TSM traded down $1.70 during midday trading on Friday, reaching $198.40. The company had a trading volume of 13,733,874 shares, compared to its average volume of 16,155,750. The business’s 50-day simple moving average is $205.80 and its 200 day simple moving average is $190.57. Taiwan Semiconductor Manufacturing has a 1 year low of $125.78 and a 1 year high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.03 trillion, a P/E ratio of 28.18, a P/E/G ratio of 0.66 and a beta of 1.06.

GE Vernova (GEV)

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

NYSE GEV traded down $32.00 on Friday, hitting $327.68. 6,959,273 shares of the company’s stock traded hands, compared to its average volume of 3,830,489. GE Vernova has a 1-year low of $115.00 and a 1-year high of $447.50. The firm has a market capitalization of $90.41 billion and a PE ratio of 58.93. The firm’s 50-day moving average price is $364.41 and its two-hundred day moving average price is $299.31.

Salesforce (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

NYSE CRM traded down $8.89 during mid-day trading on Friday, reaching $309.54. 7,341,387 shares of the stock were exchanged, compared to its average volume of 6,477,091. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce has a 1 year low of $212.00 and a 1 year high of $369.00. The business’s 50 day moving average is $333.34 and its 200-day moving average is $305.25. The company has a market capitalization of $296.23 billion, a P/E ratio of 50.91, a P/E/G ratio of 2.58 and a beta of 1.31.

ServiceNow (NOW)

ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

NOW stock traded down $30.19 during midday trading on Friday, reaching $937.79. The stock had a trading volume of 2,001,299 shares, compared to its average volume of 1,845,528. The company has a market cap of $193.18 billion, a price-to-earnings ratio of 137.30, a price-to-earnings-growth ratio of 4.51 and a beta of 0.99. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. ServiceNow has a 52-week low of $637.99 and a 52-week high of $1,198.09. The company’s fifty day simple moving average is $1,054.69 and its 200 day simple moving average is $977.09.