Tesla Inc (NASDAQ: TSLA) has seen a decline in its stock price by -1.11 in relation to its previous close of 170.18. However, the company has experienced a 14.44% gain in its stock price over the last five trading sessions. Finbold reported 2024-04-28 that The electric vehicle (EV) market is experiencing robust growth in 2024, leading the automotive industry with strong representatives in the United States and China. Hence, Finbold asked Elon Musk’s artificial intelligence (AI) model to build a stock portfolio for EV exposure in May.
Is It Worth Investing in Tesla Inc (NASDAQ: TSLA) Right Now?
The price-to-earnings ratio for Tesla Inc (NASDAQ: TSLA) is above average at 43.01x, Company’s 36-month beta value is 2.43.Analysts have differing opinions 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 3.84% ratio of that floaft. The average trading volume of TSLA on April 29, 2024 was 101.05M shares.
TSLA’s Market Performance
TSLA’s stock has seen a 14.44% increase for the week, with a -6.42% drop in the past month and a -8.16% fall in the past quarter. The volatility ratio for the week is 5.28%, and the volatility levels for the past 30 days are at 4.06% for Tesla Inc The simple moving average for the past 20 days is 2.64% for TSLA’s stock, with a -24.41% simple moving average for the past 200 days.
Analysts’ Opinion of TSLA
Many brokerage firms have already submitted their reports for TSLA stocks, with BofA Securities repeating the rating for TSLA by listing it as a “Buy.” The predicted price for TSLA in the upcoming period, according to BofA Securities is $220 based on the research report published on April 24, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see TSLA reach a price target of $293, previously predicting the price at $294. The rating they have provided for TSLA stocks is “Outperform” according to the report published on April 24th, 2024.
Deutsche Bank gave a rating of “Hold” to TSLA, setting the target price at $123 in the report published on April 18th of the current year.
TSLA Trading at -4.35% 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 -43.77% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 5.28%, as shares sank -4.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.82% lower at present.
During the last 5 trading sessions, TSLA rose by +14.44%, which changed the moving average for the period of 200-days by -38.13% in comparison to the 20-day moving average, which settled at $163.59. In addition, Tesla Inc saw -32.27% 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:
- 0.08 for the present operating margin
- 0.18 for the gross margin
The net margin for Tesla Inc stands at 0.14. The total capital return value is set at 0.09. Equity return is now at value 24.28, with 13.93 for asset returns.
Based on Tesla Inc (TSLA), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.86. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 36.44.
Currently, EBITDA for the company is 14.8 billion with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 5.64. The receivables turnover for the company is 24.37for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
In a nutshell, Tesla Inc (TSLA) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
