Tesla Inc (NASDAQ: TSLA)’s stock price has decreased by -3.63 compared to its previous closing price of 171.11. However, the company has seen a -6.19% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-07 that Tesla faces challenges with slower EV demand and increased competition in China. Elon Musk promises to launch a robotaxi service, but regulatory approval may not anytime soon even assuming Tesla has the Level 5 technology.
Is It Worth Investing in Tesla Inc (NASDAQ: TSLA) Right Now?
Tesla Inc (NASDAQ: TSLA) has a price-to-earnings ratio of 38.32x that is above its average ratio. Additionally, the 36-month beta value for TSLA is 2.44. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 6 rating it as “sell.”
The public float for TSLA is 2.77B and currently, short sellers hold a 3.69% ratio of that float. The average trading volume of TSLA on April 08, 2024 was 102.26M shares.
TSLA’s Market Performance
TSLA stock saw a decrease of -6.19% in the past week, with a monthly decline of -6.59% and a quarterly a decrease of -30.69%. The volatility ratio for the week is 4.35%, and the volatility levels for the last 30 days are 4.00% for Tesla Inc (TSLA). The simple moving average for the last 20 days is -4.59% for TSLA stock, with a simple moving average of -28.42% for the last 200 days.
Analysts’ Opinion of TSLA
Many brokerage firms have already submitted their reports for TSLA stocks, with Morgan Stanley repeating the rating for TSLA by listing it as a “Overweight.” The predicted price for TSLA in the upcoming period, according to Morgan Stanley is $310 based on the research report published on April 04, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see TSLA reach a price target of $176, previously predicting the price at $193. The rating they have provided for TSLA stocks is “Hold” according to the report published on April 03rd, 2024.
Robert W. Baird gave a rating of “Outperform” to TSLA, setting the target price at $280 in the report published on April 03rd of the current year.
TSLA Trading at -10.42% 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 -44.90% of loss for the given period.
Volatility was left at 4.00%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares sank -7.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.66% lower at present.
During the last 5 trading sessions, TSLA fell by -6.19%, which changed the moving average for the period of 200-days by -39.92% in comparison to the 20-day moving average, which settled at $172.14. In addition, Tesla Inc saw -33.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
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 $176.20 back on Apr 01 ’24. After this action, Baglino Andrew D now owns 31,230 shares of Tesla Inc, valued at $1,850,100 using the latest closing price.
DENHOLM ROBYN M, the Director of Tesla Inc, sale 93,705 shares at $175.44 during a trade that took place back on Mar 12 ’24, which means that DENHOLM ROBYN M is holding 15,000 shares at $16,439,650 based on the most recent closing price.
Stock Fundamentals for TSLA
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.18 for the gross margin
The net margin for Tesla Inc stands at 0.15. The total capital return value is set at 0.11. Equity return is now at value 27.95, with 15.88 for asset returns.
Based on Tesla Inc (TSLA), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.62. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 56.99.
Currently, EBITDA for the company is 13.56 billion with net debt to EBITDA at -0.82. When we switch over and look at the enterprise to sales, we see a ratio of 5.31. The receivables turnover for the company is 26.18for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
In conclusion, Tesla Inc (TSLA) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” 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.
