Is Buying Stock In Tesla Inc. (TSLA) A Good Move Today?

Tesla Inc. (NASDAQ:TSLA) saw a downside of -0.03% to close Friday at $775.22 after subtracting -$0.26 on the day. The 5-day average trading volume is 21,876,420 shares of the company’s common stock. It has gained $799.00 in the past week and touched a new high 1 time within the past 5 days. An average of 19,062,244 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 18,760,600.

TSLA’s 1-month performance is 5.60% or $41.13 on its low of $708.85 reached on 09/13/21. The company’s shares have touched a 52-week low of $379.11 and high of $900.40, with the stock’s rally to the 52-week high happening on 01/25/21. YTD, TSLA has achieved 9.86% or $69.55 and has reached a new high 5 times. However, the current price is down -13.90%% from the 52-week high price.


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Insider Transactions

On Sep 27, 7 days have gone by since the last insider trading activity for Tesla Inc. (TSLA). Baglino Andrew D (SVP Powertrain and Energy Eng.) most recently sold 1,005 shares at $773.42 per share on Sep 27. This transaction cost the insider $777,287. Chief Financial Officer, Kirkhorn Zachary, sold 1,250 shares at a price of $756.95 on Sep 17. Then, on Sep 07, SVP Powertrain and Energy Eng. Baglino Andrew D sold 896 shares at a price of $752.90 per share. This transaction amounted to $674,602.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 1401.73 and a low of 335.09. TSLA stock has a beta of 1.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 17.84 while the price-to-book (PB) in the most recent quarter is 30.35, with the price to cash flow ratio at 81.77.

Tesla Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.50 meaning that TSLA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.32, while the total debt to equity was 0.38. In terms of profitability, the gross margin trailing 12 months is 22.00%The trailing 12-month EBITDA margin is 13.69% while for the period ending June 29; Tesla Inc.’s operating margin was 7.90%. The firm’s gross profit as reported stood at $6.63 billion against revenue of $31.54 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected TSLA to announce $0.98 per share in earnings in its latest quarter, but it posted $1.45, representing a 48.00% surprise. EBITDA for the quarter stood at more than $1.99 billion. TSLA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 29.5 billion, with total debt at $11.17 billion. Shareholders hold equity totaling $990.01 million

Technical Picture

Let’s look briefly at Tesla Inc. (TSLA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 60.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.75%.

The stock’s 5-day moving average is $780.19, reflecting a +0.11% or $0.83 change from its current price. TSLA is currently trading +5.85% above its 20-day SMA, +25.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +19.40% and +22.42% respectively.

Stochastic %K and %D was 74.90% and 78.15% and the average true range (ATR) pointed at 20.67. The RSI (14) points at 61.09%, while the 14-day stochastic is at 70.41% with the period’s ATR at 20.63. The stock’s 9-day MACD Oscillator is pointing at 8.42 and 15.39 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Tesla Inc. (NASDAQ: TSLA), Tudor Pickering Holt & Co. launched coverage with a Sell rating. Analysts offering their rating for TSLA stock have a consensus rating for the stock as Hold. Currently, 8 brokerage advisors rate TSLA as a “sell,”, while 13 advise that investors “Hold.” 3 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.

What is TSLA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $67.00 and a high of $1591.00, with their median price target at $764.00. Looking at these predictions, the average price target given by analysts is for Tesla Inc. (TSLA) stock is $700.43.

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