Tesla Inc (NASDAQ:TSLA) finished Thursday with an addition of $5.88 to close at $246.38, an upside of 2.44 percent. An average of 117,562,000 shares of common stock have been traded in the last five days. There was a fall of -$9.32 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 121,048,586 shares traded, while the 50-day average volume stands at 115,953,211.
TSLA stock has decreased by -4.20% in the last month. The company shares reached their 1-month lowest point of $234.58 on 09/27/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $101.81 and a high of $299.29 in 52 weeks. It has reached a new high 31 times so far this year and achieved 100.02% or $123.20 in price. In spite of this, the price is down -17.68% from the 52-week high.
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Insider Transactions
TSLA stock investors should be aware that Tesla Inc (TSLA) stock had its last reported insider trading activity 23 days ago on Sep 06. In this transaction, the insider spent $328,929. SVP, Automotive, Zhu Xiaotong, disposed of 1,065 shares at a price of $249.62 on Sep 06. The insider now owns more than $265,779 worth of shares. Prior to that, Chief Financial Officer Taneja Vaibhav went on to Sale 177 shares at $249.62 each on Sep 06. An amount of $44,121 was transacted.
Valuation Metrics
Tesla Inc (TSLA) has a trailing price-to-earnings (P/E) ratio of 69.90. The stock’s beta is 2.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.32, the price-to-book (PB) ratio at 15.29, and the price-to-cash flow ratio at 127.18.
Financial Health
The quick ratio of Tesla Inc for the three months ended June 30 was 1.07, and the current ratio was 1.59, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.07 and a total debt to equity ratio of 0.11 for the quarter ending June 30. Tesla Inc’s EBITDA margin for the year ending June 30 is 21.58%, while its operating margin for the same period stands at 13.49%. Its gross profit as reported stood at $20.85 billion compared to revenue of $81.46 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.7 billion in the quarter, while revenues of $2.51 billion were grew 16.43%. The analyst consensus anticipated Tesla Inc’s latest quarter earnings to come in at $0.82 per share, but it turned out to be $0.91, a 11.00% surprise. For the quarter, EBITDA amounted to $3.55 billion. Shareholders own equity worth $3.17 billion.
Technical Picture
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 28 September was 42.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 65.89%.
As of today, TSLA’s price is $244.57 -3.64% or -$9.32 from its 5-day moving average. TSLA is currently trading -4.09% lower than its 20-day SMA and +44.88% higher than its 100-day SMA. However, the stock’s current price level is -15.41% below the SMA50 and +37.60% above the SMA200.
The stochastic %K and %D were 18.07% and 15.92%, respectively, and the average true range (ATR) was 10.09. With the 14-day stochastic at 26.58% and the average true range at 10.30, the RSI (14) stands at 45.47%. The stock has reached -8.88 on the 9-day MACD Oscillator while the 14-day reading was at -16.03.
Analyst Ratings
Deutsche Bank reiterated its a Buy rating on Tesla Inc (NASDAQ: TSLA), but raised their price target to $300, indicating a potential price increase of 17.87% for the stock. The consensus rating for Tesla Inc (TSLA) among analysts is Hold. According to current brokerage recommendations, 5 brokerage firms advise that investors sell TSLA, while 19 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 14 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 $400.00, with a median target of $278.00. Taking a look at these predictions, the average price target given by analysts for Tesla Inc (TSLA) stock is $258.08.
