Tesla Inc (NASDAQ:TSLA) saw an upside of 0.86% to close Monday at $246.99 after adding $2.11 on the day. The 5-day average trading volume is 115,666,117 shares of the company’s common stock. It has gained $273.93 in the past week and touched a new high 2 times within the past 5 days. An average of 121,451,594 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 116,567,414.
TSLA’s 1-month performance is 7.37% or $8.40 on its low of $235.35 reached on 08/28/23. The company’s shares have touched a 52-week low of $101.81 and high of $299.29, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, TSLA has achieved 100.51% or $123.81 and has reached a new high 31 times. However, the current price is down -17.47% from the 52-week high price.
Insider Transactions
TSLA stock investors last saw insider trading activity on Sep 06.Baglino Andrew D (SVP Powertrain and Energy Eng.) most recently sold 1,318 shares at $249.61 per share on Sep 06. This transaction cost the insider $328,929. SVP, Automotive, Zhu Xiaotong, sold 1,065 shares at a price of $249.62 on Sep 06. Then, on Sep 06, Chief Financial Officer Taneja Vaibhav sold 177 shares at a price of $249.62 per share. This transaction amounted to $44,121.
Valuation Metrics
TSLA stock has a beta of 2.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.34 while the price-to-book (PB) in the most recent quarter is 15.33, with the price to cash flow ratio at 127.49.
Tesla Inc’s quick ratio for the period ended June 29 was 1.07, with the current ratio over the same period at 1.59. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.07, while the total debt to equity was 0.11. In terms of profitability, the gross margin trailing 12 months is 21.49%. The trailing 12-month EBITDA margin is 21.58% while for the period ending June 29, Tesla Inc’s operating margin was 13.49%. The firm’s gross profit as reported stood at $20.85 billion against revenue of $81.46 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 16.43% to $2.7 billion, while revenue of $2.51 billion was 7.03% off the previous quarter. Analysts expected TSLA to announce $0.82 per share in earnings in its latest quarter, but it posted $0.91, representing a 11.00% surprise. EBITDA for the quarter stood at more than $3.55 billion. TSLA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 38.7 billion, with total debt at $5.81 billion. Shareholders hold equity totaling $3.17 billion.
Let’s look briefly at Tesla Inc (TSLA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 39.62% to suggest the stock is trending Neutral, with historical volatility in this time period at 73.68%.
The stock’s 5-day moving average is $255.33, reflecting a -6.89% or -$18.29 change from its current price. TSLA is currently trading +3.52% above its 20-day SMA, +54.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.22% and SMA200 by+37.35%.
Stochastic %K and %D was 20.96% and 35.45% and the average true range (ATR) pointed at 10.46. The RSI (14) points at 44.67%, while the 14-day stochastic is at 21.34% with the period’s ATR at 10.57. The stock’s 9-day MACD Oscillator is pointing at -13.44 and -12.00 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Tesla Inc (NASDAQ: TSLA), UBS launched coverage with a Neutral rating. Analysts offering their rating for TSLA stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate TSLA as a “sell,”, while 19 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 5 rates the stock as overweight while 13 have offered a “buy” rating.
What is TSLA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $85.00 and a high of $400.00, with their median price target at $278.00. Looking at these predictions, the average price target given by analysts is for Tesla Inc (TSLA) stock is $258.60.
