4 times Within The Past Five Days, Tesla Inc. (TSLA) Hit A New High

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Tesla Inc. (NASDAQ:TSLA) finished Thursday with a subtraction of -$12.21 to close at $288.59, a downside of -4.06 percent. An average of 68,412,500 shares of common stock have been traded in the last five days. There was a fall of -$15.16 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 58,527,406 shares traded, while the 50-day average volume stands at 73,126,953.

TSLA stock has decreased by -2.65% in the last month. The company shares reached their 1-month lowest point of $265.74 on 09/06/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $206.86 and a high of $414.50 in 52 weeks. It has reached a new high 2 times so far this year and lost -18.07% or -$63.67 in price. In spite of this, the price is down -30.38% from the 52-week high.


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Insider Transactions

11 days have passed since Tesla Inc. (TSLA) last reported insider trading activity. Kirkhorn Zachary, who is Chief Financial Officer, most recently acquired $3,750 shares at $300.59 per share on Sep 12. In this transaction, the insider spent $1,127,212. Director, Wilson-Thompson Kathleen, disposed of 26,250 shares at a price of $278.93 on Sep 08. The insider now owns more than $7,321,912 worth of shares. Prior to that, SVP Powertrain and Energy Eng. Baglino Andrew D went on to Sale 1,298 shares at $269.39 each on Sep 06. An amount of $349,799 was transacted.

Valuation Metrics

Tesla Inc. (TSLA) has a trailing price-to-earnings (P/E) ratio of 103.92. The stock’s beta is 2.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 13.48, the price-to-book (PB) ratio at 24.69, and the price-to-cash flow ratio at 64.39.

Financial Health

The quick ratio of Tesla Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.12 for the quarter ending June 29. Its gross profit as reported stood at $13.61 billion compared to revenue of $53.82 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 15.00%.

Earnings Surprise

For the three-month period that ended June 29, Tesla Inc. had $591.0 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $2.26 billion in the quarter, while revenues of $3.32 billion were grew 49.45%. The analyst consensus anticipated Tesla Inc.’s latest quarter earnings to come in at $0.6 per share, but it turned out to be $0.76, a 26.70% surprise. For the quarter, EBITDA amounted to $3.39 billion. Shareholders own equity worth $3.13 billion.

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 22 September was 42.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.11%.

As of today, TSLA’s price is $302.11 -4.99% or -$15.16 from its 5-day moving average. TSLA is currently trading -2.86% lower than its 20-day SMA and -0.57% lower than its 100-day SMA. However, the stock’s current price level is +21.75% above the SMA50 and -14.20% below the SMA200.

The stochastic %K and %D were 70.28% and 83.07%, respectively, and the average true range (ATR) was 11.33. With the 14-day stochastic at 47.54% and the average true range at 11.43, the RSI (14) stands at 47.34%. The stock has reached -2.12 on the 9-day MACD Oscillator while the 14-day reading was at 4.32.

Analyst Ratings

Needham upgraded Tesla Inc. (NASDAQ: TSLA) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Tesla Inc. (TSLA) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell TSLA, while 11 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 24 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 $83.33 and $526.67, with a median target of $329.17. Taking a look at these predictions, the average price target given by analysts for Tesla Inc. (TSLA) stock is $313.62.

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