Tesla Inc (NASDAQ: TSLA) has a price-to-earnings ratio that is above its average at 96.98x. The stock has a 36-month beta value of 2.35. Opinions on the stock are mixed, with 13 analysts rating it as a “buy,” 5 as “overweight,” 19 as “hold,” and 8 as “sell.”
The public float for TSLA is 2.80B, and at present, short sellers hold a 2.79% of that float. On November 22, 2024, the average trading volume of TSLA was 88.38M shares.
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TSLA) stock’s latest price update
Tesla Inc (NASDAQ: TSLA)’s stock price has plunge by 4.23relation to previous closing price of 339.64. Nevertheless, the company has seen a 10.38% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that Recently, Zacks.com users have been paying close attention to Tesla (TSLA). This makes it worthwhile to examine what the stock has in store.
TSLA’s Market Performance
Tesla Inc (TSLA) has seen a 10.38% rise in stock performance for the week, with a 35.90% gain in the past month and a 66.03% surge in the past quarter. The volatility ratio for the week is 4.50%, and the volatility levels for the past 30 days are at 5.21% for TSLA. The simple moving average for the past 20 days is 17.21% for TSLA’s stock, with a 67.11% simple moving average for the past 200 days.
Analysts’ Opinion of TSLA
Many brokerage firms have already submitted their reports for TSLA stocks, with Wells Fargo repeating the rating for TSLA by listing it as a “Underweight.” The predicted price for TSLA in the upcoming period, according to Wells Fargo is $125 based on the research report published on October 24, 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 $238, previously predicting the price at $236. The rating they have provided for TSLA stocks is “Hold” according to the report published on October 24th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to TSLA, setting the target price at $249 in the report published on October 24th of the current year.
TSLA Trading at 34.04% 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 -1.29% of loss for the given period.
Volatility was left at 5.21%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares surge +30.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.49% upper at present.
During the last 5 trading sessions, TSLA rose by +9.49%, which changed the moving average for the period of 200-days by +85.26% in comparison to the 20-day moving average, which settled at $301.88. In addition, Tesla Inc saw 42.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TSLA starting from DENHOLM ROBYN M, who sale 112,390 shares at the price of $314.44 back on Nov 15 ’24. After this action, DENHOLM ROBYN M now owns 85,000 shares of Tesla Inc, valued at $35,339,810 using the latest closing price.
DENHOLM ROBYN M, the Director of Tesla Inc, proposed sale 112,390 shares at $314.44 during a trade that took place back on Nov 15 ’24, which means that DENHOLM ROBYN M is holding shares at $35,339,822 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 0.13. The total capital return value is set at 0.08. Equity return is now at value 20.65, with 11.92 for asset returns.
Based on Tesla Inc (TSLA), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 1.96. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 23.99.
Currently, EBITDA for the company is 14.8 billion with net debt to EBITDA at -0.39. When we switch over and look at the enterprise to sales, we see a ratio of 11.64. The receivables turnover for the company is 29.32for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
To sum up, Tesla Inc (TSLA) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
