The Insider Activity Of Tesla Inc. (TSLA) Is Worth Monitoring

Tesla Inc. (NASDAQ:TSLA) trading with an addition of $5.44 to $816.52 on Thursday, an upside of 0.67 percent. An average of 14,199,063 shares of common stock have been traded in the last five days. There was a gain of $21.61 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 19,043,041 shares traded, while the 50-day average volume stands at 17,414,381.

TSLA stock has increased by 8.94% in the last month. The company shares reached their 1-month lowest point of $718.62 on 09/20/21. 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. It has reached a new high 5 times so far this year and achieved 14.94% or $109.55 in price. In spite of this, the price is down -9.32% from the 52-week high.


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Insider Transactions

17 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 424.21, which compares with the 15.45 for the broader industry and 31.27 for the sector. In the last five years, Tesla Inc.’s PE ratio has ranged between 1401.73 and 335.09. The stock’s beta is 1.88. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 18.66, the price-to-book (PB) ratio at 31.76, and the price-to-cash flow ratio at 85.55.

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.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.14 billion in the quarter, while revenues of $438.0 million were grew 90.89%. The analyst consensus anticipated Tesla Inc.’s latest quarter earnings to come in at $0.98 per share, but it turned out to be $1.45, a 48.00% surprise. For the quarter, EBITDA amounted to $1.99 billion. Shareholders own equity worth $990.01 million.

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 13 October was 75.59%, suggesting the stock is Overbought, with historical volatility in this time frame at 11.21%.

As of today, TSLA’s price is $801.89 +2.72% or $21.61 from its 5-day moving average. TSLA is currently trading +7.69% higher than its 20-day SMA and +34.43% higher than its 100-day SMA. However, the stock’s current price level is +14.67% above the SMA50 and +22.41% above the SMA200.

The stochastic %K and %D were 93.11% and 86.82%, respectively, and the average true range (ATR) was 17.57. With the 14-day stochastic at 95.17% and the average true range at 18.64, the RSI (14) stands at 70.90%. The stock has reached 16.46 on the 9-day MACD Oscillator while the 14-day reading was at 21.47.

Analyst Ratings

Canaccord Genuity reiterated its a Buy rating on Tesla Inc. (NASDAQ: TSLA), but raised their price target to $768, indicating a potential price decrease of -5.94% 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 $776.00. Taking a look at these predictions, the average price target given by analysts for Tesla Inc. (TSLA) stock is $715.14.

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