DRIV Stock Summary and Trading Ideas (Global X Autonomous & Electric Vehicles ETF | NASDAQ:DRIV)

The Global X Autonomous & Electric Vehicles ETF (DRIV) seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles ( EVs ), and EV components and materials. This includes companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt.

Global X Autonomous & Electric Vehicles ETF trades on the NASDAQ stock market under the symbol DRIV.

As of December 13, 2024, DRIV stock price declined to $23.90 with 64,919 million shares trading.

DRIV has a beta of 1.41, meaning it tends to be more sensitive to market movements. DRIV has a correlation of 0.59 to the broad based SPY ETF.

DRIV has a market cap of $411.56 million. This is considered a Small Cap stock.

In the last 3 years, DRIV traded as high as $31.71 and as low as $18.91.

DRIV has underperformed the market in the last year with a return of +2.2%, while SPY returned +29.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DRIV shares. However, DRIV has outperformed the market in the last 3 month and 2 week periods, returning +9.0% and +1.1%, while SPY returned +7.8% and +0.3%, respectively. This indicates DRIV has been having a stronger performance recently.

DRIV support price is $23.79 and resistance is $24.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DRIV shares will trade within this expected range on the day.