The Electric Vehicle (EV) industry is slowly but effortlessly building its value at the global level. Whereas, the EV stocks are also building their identity at a global level. By realizing humanity’s struggle against climate change, many of the leading automaker companies are coming in a straight line. Their efforts are in favor of getting onboard with carbon-free alternatives, which can be used to develop a $980 Billion industry by 2028.
An estimate states that by 2030, China will hold nearly 49% of the global EV market, whereas the U.S. will only hold 14%. However, the EV industry is quite fresh to make any estimate related to its valuation, as more unknown development measures are yet to be calculated.
Notably, Tesla Inc. (NASDAQ: TSLA), Rivian Automotive Inc. (NASDAQ: RIVN), Lucid Group Inc. (NASDAQ: LCID), and Nikola Corporation (NASDAQ: NKLA) are some of the commonly known EV companies.
Top-5 EV Stocks in the Last 1-Month
Nikola Corp. (NASDAQ: NKLA), Rivian Automotive Inc. (NASDAQ: RIVN), Xpeng Inc. (NYSE: XPEV), Aehr Test Systems (NASDAQ: AEHR), and Nio Inc. (NYSE: NIO) are the top-5 EV companies whose stocks showed an over 10% price growth in the last 1-month. NKLA stock price topped the list as its 1-month price gain was over 70%.
Additionally, RIVN stock price then showed an over 55% price growth, while XPEV stock price rose more than 28%. AEHR stock price further showed more than 24% increase and NIO stock stayed at fifth position with an over 12% price rise, as per the data sourced from TradingView, a web-based social network for traders.
NKLA Stock Price Analysis
NKLA stock price showed 70.45% price gain while adding $0.93 in its last 1-month trading session. The EV stock traded nearly in between the price range of $1.32 to $2.25. On July 14, 2023, Friday’s trading session NKLA stock price closed at $2.25 with just 1.35% price gain.
RIVN Stock Price Analysis
In the last 1-month, RIVN stock price rose almost 58%, while it traded in between the price range of nearly $15.70 to $25.91. However, in last Friday’s trading session, the EV stock closed at $24.82 while showing an over 2% price drop.
XPEV Stock Price Analysis
XPEV stock price showed 28.86% of price growth in the last 1-month, while the stock added $3.14 during the time period. Notably, in the last 1-month, the trading price range of XPEV stock was nearly in between $10.88 to $15.15. In last Friday’s trading session, XPEV stock closed at $14.02 while showing a 0.14% decline.
AEHR Stock Price Analysis
AEHR stock price added $9.51 while showing 24.11% price growth in the last 1-month. Its trading price range was nearly in between $39.45 to $48.96. Although, last weekend, AEHR stock closed at $48.96 with the support of active bulls in the market.
NIO Stock Price Analysis
With nearly 12% price growth in 1-month, NIO stock price closed at $10.54 on Friday’s trading session. Notably, its trading price range was nearly in between $9.35 to $11.16 during the time period. However, last weekend, active bears started showing their dominance due to which the stock price showed a downward trend.
The 1-month price growth of all these five electric vehicle stocks showed investors interest with the companies. Out of these five stocks, NIO stock, RIVN stock and NKLA stock noted quite good trading volume. It can be said that the investors know the futuristic outcomes from these companies, which eventually led them to invest in such company’s shares.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/07/19/which-top-5-ev-stocks-showed-over-10-growth-in-the-last-1-month/