As of Wednesday close, Tesla Inc.’s (NASDAQ:TSLA) stock was up $13.29, moving up 7.82 percent to $183.20. The average number of shares traded per day over the past five days has been 84,251,281 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.72 fall in that time frame. In the last twenty days, the average volume was 87,074,938, while in the previous 50 days, it was 81,507,008.
Since last month, TSLA stock retreated -17.63%. Shares of the company fell to $166.18 on 11/22/22, the lowest level in the past month. A 52-week high of $402.67 was reached on 01/04/22 after having rallying from a 52-week low of $166.18. Since the beginning of this year, TSLA’s stock price has dropped by -47.99% or -$169.06, and marked a new high 2 times. However, the stock has declined by -54.50% since its 52-week high.
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TSLA stock investors should be aware that Tesla Inc. (TSLA) stock had its last reported insider trading activity 17 days ago on Nov 08. Musk Elon, the CEO of the company, disposed of 4,400,000 shares for $191.63 on Nov 08. It resulted in a $843,163,160 divestment by the insider. Musk Elon sold 5,450,000 shares at an average price of $200.58 on Nov 07. The insider now owns 450,017,432 shares following the transaction. On Nov 04, Chief Financial Officer Kirkhorn Zachary sold 3,751 shares at $222.50 apiece. The transaction was valued at $834,542.
Right now, Tesla Inc. (TSLA) has a P/E ratio of about 56.44. The stock’s beta is 1.97. Besides these, the trailing price-to-sales (P/S) ratio of 7.86, the price-to-book (PB) ratio of 14.46, and the price-to-cash flow ratio of 36.70 may also be considered.
In the three months ended September 29, Tesla Inc.’s quick ratio stood at 1.00, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.05, and the total debt-to-equity ratio was 0.09. On the profitability front, the trailing twelve-month gross margin is 26.60% percent. In the year ended September 29, operating margins totaled 16.50%. Based on annual data, TSLA earned $13.61 billion in gross profit and brought in $53.82 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.70%. Return on equity (ROE) for the past 12 months was 31.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TSLA’s revenue rose 35.88% to $16.93 billion during the quarter, while net income inched up to $21.45 billion. While analysts expected Tesla Inc. to report $0.99 quarterly earnings, the actual figure was $1.05 per share, beating the consensus estimate by 6.10%. During the quarter, the company generated $4.64 billion in EBITDA. The liabilities of Tesla Inc. were 33.72 billion at the end of its most recent quarter ended September 29, and its total debt was $5.87 billion. The value of shareholders’ equity is $3.16 billion.
This quick technical analysis looks at Tesla Inc.’s (TSLA) price momentum. With a historical volatility rate of 63.87%, the RSI 9-day stood at 42.67% on 23 November.
With respect to its five-day moving average, the current Tesla Inc. price is down by -1.99% percent or -$3.72. At present, TSLA shares trade -18.45% below its 20-day simple moving average and -21.40% percent below its 100-day simple moving average. However, the stock is currently trading approximately -39.46% below its SMA50 and -40.39% below its SMA200.
Stochastic coefficient K was 12.18% and Stochastic coefficient D was 7.35%, while ATR was 11.03. Given the Stochastic reading of 29.53% for the 14-day period, the RSI (14) reading has been calculated as 39.66%. As of today, the MACD Oscillator reading stands at -9.96, while the 14-day reading stands at -13.25.
Citigroup upgraded its rating on Tesla Inc. (NASDAQ: TSLA) to a Neutral in a note to investors on November 23, 2022. The analysts firm previously had a Sell rating on the stock.Tesla Inc. (TSLA) has been rated Overweight by analysts. According to 2 brokerage firms, TSLA is a sell, and 13 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 4 analysts rate Tesla Inc. stock as buy, with 21 recommending it as overweight.
With a median target price of $304.00, the current consensus forecast for the stock is $85.00 – $530.00. Based on these forecasts, analysts predict Tesla Inc. (TSLA) will achieve an average price target of $290.02.