Tesla Inc (NASDAQ: TSLA)’s stock price has increased by 0.30 compared to its previous closing price of 233.59. However, the company has seen a 9.15% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-19 that Investors are showing signs of shifting from growth stocks to income or value-focused investments amid concerns about higher interest rates. The 10-year Treasury note reaching 5% is prompting a risk-off approach.
Is It Worth Investing in Tesla Inc (NASDAQ: TSLA) Right Now?
Tesla Inc (NASDAQ: TSLA) has a price-to-earnings ratio of 75.45x that is above its average ratio. Additionally, the 36-month beta value for TSLA is 2.27. There are mixed opinions on the stock, with 16 analysts rating it as a “buy,” 5 rating it as “overweight,” 19 rating it as “hold,” and 6 rating it as “sell.”
The average price predicted by analysts for TSLA is $239.38, which is $5.08 above the current price. The public float for TSLA is 2.76B and currently, short sellers hold a 3.05% ratio of that float. The average trading volume of TSLA on November 20, 2023 was 121.45M shares.
TSLA’s Market Performance
TSLA stock saw an increase of 9.15% in the past week, with a monthly gain of 6.45% and a quarterly increase of 1.31%. The volatility ratio for the week is 4.63%, and the volatility levels for the last 30 days are 4.63% for Tesla Inc (TSLA). The simple moving average for the last 20 days is 8.12% for TSLA stock, with a simple moving average of 5.51% for the last 200 days.
Analysts’ Opinion of TSLA
Many brokerage firms have already submitted their reports for TSLA stocks, with HSBC Securities repeating the rating for TSLA by listing it as a “Reduce.” The predicted price for TSLA in the upcoming period, according to HSBC Securities is $146 based on the research report published on November 09, 2023 of the current year 2023.
TSLA Trading at -2.51% from the 50-Day Moving Average
After a stumble in the market that brought TSLA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.71% of loss for the given period.
Volatility was left at 4.63%, however, over the last 30 days, the volatility rate increased by 4.63%, as shares surge +10.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.71% lower at present.
During the last 5 trading sessions, TSLA rose by +9.15%, which changed the moving average for the period of 200-days by +24.45% in comparison to the 20-day moving average, which settled at $217.82. In addition, Tesla Inc saw 90.21% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at TSLA starting from Baglino Andrew D, who sale 10,500 shares at the price of $210.67 back on Oct 27. After this action, Baglino Andrew D now owns 68,102 shares of Tesla Inc, valued at $2,212,035 using the latest closing price.
Taneja Vaibhav, the Chief Financial Officer of Tesla Inc, sale 4,000 shares at $253.98 during a trade that took place back on Oct 06, which means that Taneja Vaibhav is holding 104,716 shares at $1,015,920 based on the most recent closing price.
Stock Fundamentals for TSLA
Current profitability levels for the company are sitting at:
- +16.98 for the present operating margin
- +25.60 for the gross margin
The net margin for Tesla Inc stands at +15.45. The total capital return value is set at 30.04, while invested capital returns managed to touch 29.41. Equity return is now at value 23.13, with 12.82 for asset returns.
Based on Tesla Inc (TSLA), the company’s capital structure generated 12.86 points at debt to equity in total, while total debt to capital is 11.39. Total debt to assets is 6.98, with long-term debt to equity ratio resting at 8.41. Finally, the long-term debt to capital ratio is 7.45.
When we switch over and look at the enterprise to sales, we see a ratio of 7.59, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 33.49 and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
In conclusion, Tesla Inc (TSLA) has seen better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.