Tesla Inc. (NASDAQ:TSLA) finished Thursday with an addition of $9.11 to close at $121.82, an upside of 8.08 percent. An average of 205,674,281 shares of common stock have been traded in the last five days. There was a fall of -$15.75 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 139,306,188 shares traded, while the 50-day average volume stands at 108,124,828.
TSLA stock has decreased by -32.63% in the last month. The company shares reached their 1-month lowest point of $108.24 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $108.24 and a high of $402.67 in 52 weeks. It has reached a new high 2 times so far this year and lost -65.42% or -$230.44 in price. In spite of this, the price is down -69.75% from the 52-week high.
TSLA stock investors should be aware that Tesla Inc. (TSLA) stock had its last reported insider trading activity 3 days ago on Dec 27. In this transaction, the insider spent $1,233,750. CEO, Musk Elon, disposed of 6,870,000 shares at a price of $158.37 on Dec 14. The insider now owns more than $1,088,011,570 worth of shares. Prior to that, CEO Musk Elon went on to Sale 11,920,000 shares at $163.83 each on Dec 13. An amount of $1,952,847,111 was transacted.
Tesla Inc. (TSLA) has a trailing price-to-earnings (P/E) ratio of 37.53. The stock’s beta is 2.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.23, the price-to-book (PB) ratio at 9.61, and the price-to-cash flow ratio at 24.44.
The quick ratio of Tesla Inc. for the three months ended September 29 was 1.00, 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 0.05 and a total debt to equity ratio of 0.09 for the quarter ending September 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 16.50%.
For the three-month period that ended September 29, Tesla Inc. had $1.57 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.29 billion in the quarter, while revenues of $2.26 billion were grew 50.85%. The analyst consensus anticipated Tesla Inc.’s latest quarter earnings to come in at $0.99 per share, but it turned out to be $1.05, a 6.10% surprise. For the quarter, EBITDA amounted to $4.64 billion. Shareholders own equity worth $3.16 billion.
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 29 December was 29.11%, suggesting the stock is oversold, with historical volatility in this time frame at 92.84%.
As of today, TSLA’s price is $118.43 -11.45% or -$15.75 from its 5-day moving average. TSLA is currently trading -37.43% lower than its 20-day SMA and -58.05% lower than its 100-day SMA. However, the stock’s current price level is -44.68% below the SMA50 and -54.43% below the SMA200.
The stochastic %K and %D were 8.26% and 4.66%, respectively, and the average true range (ATR) was 10.21. With the 14-day stochastic at 18.29% and the average true range at 10.28, the RSI (14) stands at 28.63%. The stock has reached -15.19 on the 9-day MACD Oscillator while the 14-day reading was at -27.59.
Morgan Stanley reiterated its an Overweight rating on Tesla Inc. (NASDAQ: TSLA), but raised their price target to $330, indicating a potential price increase of 63.08% for the stock. The consensus rating for Tesla Inc. (TSLA) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell TSLA, while 13 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 22 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 $85.00 and $450.00, with a median target of $256.37. Taking a look at these predictions, the average price target given by analysts for Tesla Inc. (TSLA) stock is $265.75.