The stock of Tesla Inc. (NASDAQ:TSLA) decreased by -$2.89 on Monday to finish at $239.76, down -1.19 percent. The last five days have seen an average of 101,074,180 shares of common stock traded. 31 times new highs were reached in the current year, with a gain of $116.58. The average number of shares traded over the last 20 days was 111,816,234, while the average volume over the last 50 days totaled 133,771,438.
TSLA stock dropped -14.79% since last month. On 08/14/23, the company’s shares reached a one-month low of $233.75. The stock touched a high of $314.67 on 07/19/23, after rallying from a low of $101.81 in 52 weeks. The price of TSLA stock has risen by 94.64% or $116.58 this year, reaching a new high 31 times. Still, the stock price is down -23.81% from the 52-week high.
Insider Transactions
TSLA stock investors should be aware that Tesla Inc. (TSLA) stock had its last reported insider trading activity 11 days ago on Aug 04. On Aug 04, CFO and CAO Taneja Vaibhav sold 4,000 shares at $261.00 each. This transaction resulted in the insider making $1,044,000. On Aug 04, Kirkhorn Zachary sold 3,750 shares at a price of US$261.00. After the transaction, the insider now owns 193,790 shares. SVP, Automotive Zhu Xiaotong had earlier sold 2,500 shares on Aug 01 for $266.34 a share. The transaction was completed for $665,850.
Valuation Metrics
Tesla Inc. (TSLA) has a trailing price-to-earnings (P/E) ratio of 68.06. Beta for the stock is 2.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.18, the price-to-book (PB) ratio of 14.87, and the price-to-cash flow ratio of 124.87.
Financial Health
For the three months ended June 29, Tesla Inc.’s quick ratio was 1.10, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.02, and the total debt to equity ratio is 0.05. As far as profitability goes, gross margin for the trailing twelve months is 21.50% percent. Tesla Inc.’s EBITDA margin for the year ended June 29 was 21.58%, whereas its operating margin stood at 13.50% for the same period. Based on annual data, it had gross profit of $20.85 billion and revenue of $81.46 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 14.60%. There was a 26.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 26.60%.
Earnings Surprise
According to Tesla Inc.’s quarterly financial report for the quarter that ended June 29, it had $7.78 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $24.93 billion, while revenues rose by 32.07% to $23.33 billion. It was predicted that Tesla Inc.’s quarterly earnings would be $0.91, but it ended up being $0.82, beating the consensus by 11.00%. EBITDA was $3.55 billion for the quarter. At the end of Tesla Inc.’s most recent quarter ended June 29, its liabilities totaled 38.7 billion, while its total debt was $5.81 billion. Equity owned by shareholders amounts to $3.17 billion.
Technical Picture
Here’s a quick look at Tesla Inc.’s (TSLA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 31.36%, suggesting the stock is Neutral, with a 43.62% historical volatility rate.
The stochastic %K and %D were 13.79% and 10.76% respectively, while the average true range (ATR) was 9.55. Based on the 14-day stochastic reading of 16.99%, the RSI (14) reading is 38.27%. On the 9-day MACD Oscillator, the stock is at -6.13, and the 14-day reading is at -11.23.
Analyst Ratings
Tesla Inc. (NASDAQ: TSLA) was downgraded by UBS to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Tesla Inc. (TSLA) an Hold rating. TSLA is a stock that is recommended for selling by 5 brokerage firms, while 21 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 4 rates it overweight and 12 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 $85.00 and $350.00, with a median target price of $275.00. In analyzing these forecasts, the average price target given by analysts for Tesla Inc. (TSLA) is $252.17.
