Tesla Inc (NASDAQ: TSLA)’s stock price has plunge by -2.44relation to previous closing price of 182.47. Nevertheless, the company has seen a 0.30% surge in its stock price over the last five trading sessions. benzinga.com reported 2024-06-16 that Tesla, Inc. TSLA shares saw a bounce last Thursday after CEO Elon Musk hinted at shareholders’ overwhelming support for his 2018 compensation plan. However, the shares pulled back sharply on Friday after the approval was officially confirmed.
Is It Worth Investing in Tesla Inc (NASDAQ: TSLA) Right Now?
Tesla Inc (NASDAQ: TSLA) has a higher price-to-earnings ratio of 45.49x compared to its average ratio, The 36-month beta value for TSLA is at 2.31. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 as “hold,” and 6 as “sell.”
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The public float for TSLA is 2.77B, and currently, shorts hold a 3.65% of that float. The average trading volume for TSLA on June 17, 2024 was 90.25M shares.
TSLA’s Market Performance
The stock of Tesla Inc (TSLA) has seen a 0.30% increase in the past week, with a 2.31% rise in the past month, and a 8.83% gain in the past quarter. The volatility ratio for the week is 4.88%, and the volatility levels for the past 30 days are at 3.85% for TSLA. The simple moving average for the last 20 days is 0.50% for TSLA stock, with a simple moving average of -15.10% for the last 200 days.
Analysts’ Opinion of TSLA
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see TSLA reach a price target of $230. The rating they have provided for TSLA stocks is “Overweight” according to the report published on May 02nd, 2024.
BofA Securities gave a rating of “Buy” to TSLA, setting the target price at $220 in the report published on April 24th of the current year.
TSLA Trading at 3.21% 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 -40.52% of loss for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 4.88%, as shares surge +1.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.03% upper at present.
During the last 5 trading sessions, TSLA rose by +0.30%, which changed the moving average for the period of 200-days by -30.78% in comparison to the 20-day moving average, which settled at $177.28. In addition, Tesla Inc saw -28.36% 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 Zhu Xiaotong, who sale 650 shares at the price of $174.21 back on Jun 06 ’24. After this action, Zhu Xiaotong now owns 65,155 shares of Tesla Inc, valued at $113,151 using the latest closing price.
DENHOLM ROBYN M, the Director of Tesla Inc, sale 93,705 shares at $184.86 during a trade that took place back on May 06 ’24, which means that DENHOLM ROBYN M is holding 15,000 shares at $17,322,282 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 5.97. 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 conclusion, Tesla Inc (TSLA) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
