As of Thursday close, Tesla Inc.’s (NASDAQ:TSLA) stock was down -$6.38, moving down -2.83 percent to $219.22. The average number of shares traded per day over the past five days has been 103,806,875 shares. 1 time new highs have been achieved over the past 5 days, with a -$26.12 fall in that time frame. In the last twenty days, the average volume was 106,388,844, while in the previous 50 days, it was 130,950,391.
Since last month, TSLA stock retreated -24.73%. Shares of the company fell to $218.83 on 08/17/23, the lowest level in the past month. A 52-week high of $313.80 was reached on 07/19/23 after having rallying from a 52-week low of $101.81. Since the beginning of this year, TSLA’s stock price has risen by 77.97% or $96.04, and marked a new high 31 times. However, the stock has declined by -30.14% 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 14 days ago on Aug 04. Taneja Vaibhav, the CFO and CAO of the company, disposed of 4,000 shares for $261.00 on Aug 04. It resulted in a $1,044,000 divestment by the insider. Kirkhorn Zachary sold 3,750 shares at an average price of $261.00 on Aug 04. The insider now owns 193,790 shares following the transaction. On Aug 01, SVP, Automotive Zhu Xiaotong sold 2,500 shares at $266.34 apiece. The transaction was valued at $665,850.
Valuation Metrics
Right now, Tesla Inc. (TSLA) has a P/E ratio of about 62.23. The stock’s beta is 2.12. Besides these, the trailing price-to-sales (P/S) ratio of 7.48, the price-to-book (PB) ratio of 13.60, and the price-to-cash flow ratio of 114.17 may also be considered.
Financial Health
In the three months ended June 29, Tesla Inc.’s quick ratio stood at 1.10, while its current ratio was 1.60, 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 June 29 was 0.02, and the total debt-to-equity ratio was 0.05. On the profitability front, the trailing twelve-month gross margin is 21.50% percent. In the year ended June 29, EBITDA margin amounted to 21.58%, whereas operating margins totaled 13.50%. Based on annual data, TSLA earned $20.85 billion in gross profit and brought in $81.46 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 26.10%. Return on equity (ROE) for the past 12 months was 26.60%.
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 32.07% to $23.33 billion during the quarter, while net income inched up to $24.93 billion. While analysts expected Tesla Inc. to report $0.82 quarterly earnings, the actual figure was $0.91 per share, beating the consensus estimate by 11.00%. During the quarter, the company generated $3.55 billion in EBITDA. The liabilities of Tesla Inc. were 38.7 billion at the end of its most recent quarter ended June 29, and its total debt was $5.81 billion. The value of shareholders’ equity is $3.17 billion.
Technical Picture
This quick technical analysis looks at Tesla Inc.’s (TSLA) price momentum. With a historical volatility rate of 33.74%, the RSI 9-day stood at 19.50% on 17 August.
With respect to its five-day moving average, the current Tesla Inc. price is down by -10.65% percent or -$26.12. At present, TSLA shares trade -16.61% below its 20-day simple moving average and +15.13% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.94% below its SMA50 and -4.07% below its SMA200.
Stochastic coefficient K was 0.75% and Stochastic coefficient D was 5.77%, while ATR was 9.13. Given the Stochastic reading of 0.78% for the 14-day period, the RSI (14) reading has been calculated as 28.82%. As of today, the MACD Oscillator reading stands at -12.84, while the 14-day reading stands at -20.12.
Analyst Ratings
Tesla Inc. downgraded its rating on Tesla Inc. (NASDAQ: TSLA) to a Neutral in a note to investors on July 24, 2023. The analysts firm previously had a Buy rating on the stock.Tesla Inc. (TSLA) has been rated Hold by analysts. According to 5 brokerage firms, TSLA is a sell, and 21 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 4 analysts rate Tesla Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $275.00, the current consensus forecast for the stock is $85.00 – $350.00. Based on these forecasts, analysts predict Tesla Inc. (TSLA) will achieve an average price target of $252.17.
