Interested In Buying Tesla Inc. (TSLA)? Make Sure You Read This First

The stock of Tesla Inc. (NASDAQ:TSLA) increased by increased by $15.68 on Friday to finish at $909.68, up 1.75 percent. The last five days have seen an average of 21,996,500 shares of common stock traded. 6 times new highs were reached in the current year, with a gain of $204.01. The average number of shares traded over the last 20 days was 20,017,971, while the average volume over the last 50 days totaled 18,475,688.

TSLA stock appreciated 20.70% since last month. On 09/24/21, the company’s shares reached a one-month low of $744.56. The stock touched a high of $900.40 on 10/22/21, after rallying from a low of $379.11 in 52 weeks. The price of TSLA stock has risen by 28.91% or $204.01 this year, reaching a new high 6 times. Still, the stock price is up 1.03% from the 52-week high.


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Insider Transactions

There have been 7 days since Tesla Inc. (TSLA) last reported insider trading activity on Oct 18. On Oct 18, Chief Accounting Officer Taneja Vaibhav sold 7,000 shares at $864.31 each. This transaction resulted in the insider making $6,050,148. On Oct 18, Kirkhorn Zachary sold 1,250 shares at a price of US$851.47. After the transaction, the insider now owns 54,912 shares. SVP Powertrain and Energy Eng. Baglino Andrew D had earlier sold 1,005 shares on Sep 27 for $773.42 a share. The transaction was completed for $777,287.

Valuation Metrics

Tesla Inc. (TSLA) has a trailing price-to-earnings (P/E) ratio of 295.16. This level actually compares unfavorably with the industry at large, as the PE for the Auto Manufacturers industry stands at about 29.31. Further, its PE also compares unfavorably with the Consumer Cyclical sector’s trailing 12 months PE ratio, which comes in at 32.04 right now. The PE ratio of Tesla Inc. has varied between 1401.73 and 335.09 in the last five years. Beta for the stock is 1.88. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 18.71, the price-to-book (PB) ratio of 35.62, and the price-to-cash flow ratio of 110.05.

For the three months ended June 29, Tesla Inc.’s quick ratio was 1.20, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.32, and the total debt to equity ratio is 0.38. As far as profitability goes, gross margin for the trailing twelve months is 23.10% percent. Tesla Inc.’s EBITDA margin for the year ended June 29 was 13.69%, whereas its operating margin stood at 4.90% for the same period. Based on annual data, it had gross profit of $6.63 billion and revenue of $31.54 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TSLA’s return on assets (ROA) during the last 12 months has been 2.20%. There was a 5.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.20%. ROE has averaged 10.14 in the past year for the broader industry.

Earnings Surprise

According to Tesla Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $11.96 billion, while revenues rose by 49.52% to $10.39 billion. It was predicted that Tesla Inc.’s quarterly earnings would be $1.45, but it ended up being $0.98, beating the consensus by 48.00%. EBITDA was $1.99 billion for the quarter. At the end of Tesla Inc.’s most recent quarter ended June 29, its liabilities totaled 29.5 billion, while its total debt was $12.51 billion. Equity owned by shareholders amounts to $990.01 million.

Technical Picture

Here’s a quick look at Tesla Inc.’s (TSLA) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 89.06%, suggesting the stock is Overbought, with a 16.58% historical volatility rate.

The stochastic %K and %D were 94.80% and 92.21% respectively, while the average true range (ATR) was 21.35. Based on the 14-day stochastic reading of 99.77%, the RSI (14) reading is 83.92%. On the 9-day MACD Oscillator, the stock is at 36.27, and the 14-day reading is at 60.08.

Analyst Ratings

In a note to investors, Wells Fargo maintained its an Equal weight rating on Tesla Inc. (NASDAQ: TSLA). However, the firm raised their price target to $860, indicating a possible decrease of -37.83% in the stock price. Analysts have assigned Tesla Inc. (TSLA) an Hold rating. TSLA is a stock that is recommended for selling by 9 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 3 analysts. Among the analysts who rate the stock, 1 rate it overweight and 16 others recommend it as a buy.

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

The current consensus forecast for the stock is between $67.00 and $1591.00, with a median target price of $830.00. In analyzing these forecasts, the average price target given by analysts for Tesla Inc. (TSLA) is $781.89.

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