In the past week, TSLA stock has gone down by -14.03%, with a monthly decline of -16.29% and a quarterly plunge of -30.70%. The volatility ratio for the week is 3.44%, and the volatility levels for the last 30 days are 3.65% for Tesla Inc The simple moving average for the past 20 days is -13.17% for TSLA’s stock, with a -34.83% simple moving average for the past 200 days.
Is It Worth Investing in Tesla Inc (NASDAQ: TSLA) Right Now?
Tesla Inc (NASDAQ: TSLA) has a higher price-to-earnings ratio of 34.17x compared to its average ratio. TSLA has 36-month beta value of 2.46. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 6 as “sell.”
The public float for TSLA is 2.77B, and currently, short sellers hold a 3.87% ratio of that float. The average trading volume of TSLA on April 22, 2024 was 101.40M shares.
TSLA) stock’s latest price update
Tesla Inc (NASDAQ: TSLA)’s stock price has decreased by -1.92 compared to its previous closing price of 149.93. However, the company has seen a -14.03% decrease in its stock price over the last five trading sessions. Business Insider reported 2024-04-21 that Elon Musk teased details about a cheaper Tesla model just a few months ago. Bloomberg reported Tesla has shifted to robotaxis, which Musk said will be revealed in August.
Analysts’ Opinion of TSLA
Many brokerage firms have already submitted their reports for TSLA stocks, with Deutsche Bank repeating the rating for TSLA by listing it as a “Hold.” The predicted price for TSLA in the upcoming period, according to Deutsche Bank is $123 based on the research report published on April 18, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see TSLA reach a price target of $180, previously predicting the price at $225. The rating they have provided for TSLA stocks is “Equal Weight” according to the report published on April 17th, 2024.
Wells Fargo gave a rating of “Underweight” to TSLA, setting the target price at $120 in the report published on April 12th of the current year.
TSLA Trading at -18.07% 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 -50.87% of loss for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 3.44%, as shares sank -14.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.61% lower at present.
During the last 5 trading sessions, TSLA fell by -14.03%, which changed the moving average for the period of 200-days by -47.94% in comparison to the 20-day moving average, which settled at $168.06. In addition, Tesla Inc saw -40.82% 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 14.8 billion with net debt to EBITDA at -0.75. When we switch over and look at the enterprise to sales, we see a ratio of 4.72. 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
To put it simply, Tesla Inc (TSLA) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
