Tesla Inc. (TSLA): Here Are Some Research Recommendations

Tesla Inc. (NASDAQ:TSLA) finished Tuesday with a subtraction of -$0.94 to close at $780.59, a downside of -0.12 percent. An average of 20,969,199 shares of common stock have been traded in the last five days. There was a gain of $3.03 in the past week. The last 20 days have seen an average of 19,742,500 shares traded, while the 50-day average volume stands at 18,940,090.

TSLA stock has increased by 6.41% in the last month. The company shares reached their 1-month lowest point of $708.85 on 09/13/21. With the stock rallying to its 52-week high on 01/25/21, shares of the company touched a low of $379.11 and a high of $900.40 in 52 weeks. In spite of this, the price is down -13.31% from the 52-week high.


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Insider Transactions

9 days have passed since Tesla Inc. (TSLA) last reported insider trading activity. Baglino Andrew D, who is SVP Powertrain and Energy Eng., most recently acquired $1,005 shares at $773.42 per share on Sep 27. In this transaction, the insider spent $777,287. Chief Financial Officer, Kirkhorn Zachary, disposed of 1,250 shares at a price of $756.95 on Sep 17. The insider now owns more than $946,188 worth of shares. Prior to that, SVP Powertrain and Energy Eng. Baglino Andrew D went on to Sale 896 shares at $752.90 each on Sep 07. An amount of $674,602 was transacted.

Valuation Metrics

Tesla Inc. (TSLA) has a trailing price-to-earnings (P/E) ratio of 408.26, which compares with the 15.45 for the broader industry and 19.93 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Tesla Inc.’s PE ratio has ranged between 1401.73 and 335.09. The stock’s beta is 1.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 17.96, the price-to-book (PB) ratio at 30.56, and the price-to-cash flow ratio at 82.34.

The quick ratio of Tesla Inc. for the three months ended June 29 was 1.20, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.32 and a total debt to equity ratio of 0.38 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 22.00% against a 5-year average of 19.6%. Tesla Inc.’s EBITDA margin for the year ending June 29 is 13.69%, while its operating margin for the same period stands at 7.90%. Its gross profit as reported stood at $6.63 billion compared to revenue of $31.54 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tesla Inc.’s return on assets was 4.20%, compared to -3.3% over the last five years. In the past year, the return on investment has been 5.00%, and the 5-year average is -3.3%. Meanwhile, the return on equity (ROE) for the past 12 months has been 10.00% and the 5-year average holds at -19.7%. For the broader industry, ROE averaged 10.14 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tesla Inc. (TSLA) price momentum. RSI 9-day as of the close on 05 October was 63.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.30%.

As of today, TSLA’s price is $778.83 +0.39% or $3.03 from its 5-day moving average. TSLA is currently trading +3.68% higher than its 20-day SMA and +36.54% higher than its 100-day SMA. However, the stock’s current price level is +18.70% above the SMA50 and +19.01% above the SMA200.

The stochastic %K and %D were 70.59% and 72.44%, respectively, and the average true range (ATR) was 22.03. With the 14-day stochastic at 70.14% and the average true range at 21.54, the RSI (14) stands at 62.52%. The stock has reached 2.33 on the 9-day MACD Oscillator while the 14-day reading was at 12.75.

Analyst Ratings

RBC Capital Mkts reiterated its a Sector perform rating on Tesla Inc. (NASDAQ: TSLA), but raised their price target to $745, indicating a potential price decrease of -4.56% for the stock.The consensus rating for Tesla Inc. (TSLA) among analysts is Hold. According to current brokerage recommendations, 8 brokerage firms advise that investors sell TSLA, while 13 suggest investors hold. There are 3 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 17 others rate it as a “buy”.

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

Analysts predict a range of price targets between $67.00 and $1591.00, with a median target of $766.00. Taking a look at these predictions, the average price target given by analysts for Tesla Inc. (TSLA) stock is $710.36.

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