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After finishing at $147.05 in the prior trading day, Tesla Inc (NASDAQ: TSLA) closed at $142.05, down -3.40%. In other words, the price has decreased by $-3.40 from its previous closing price. On the day, 106.61 million shares were traded. TSLA stock price reached its highest trading level at $144.44 during the session, while it also had its lowest trading level at $138.8025.
Ratios:
Our goal is to gain a better understanding of TSLA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 103.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on April 18, 2024, Downgraded its rating to Hold and sets its target price to $123 from $189 previously.
On April 17, 2024, Barclays reiterated its Equal Weight rating and also upped its target price recommendation from $225 to $180.
Wells Fargo reiterated its Underweight rating for the stock on April 12, 2024, while the target price for the stock was revised from $125 to $120.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when Baglino Andrew D sold 10,500 shares for $176.20 per share. The transaction valued at 1,850,100 led to the insider holds 31,230 shares of the business.
DENHOLM ROBYN M sold 93,705 shares of TSLA for $16,439,650 on Mar 12 ’24. The Director now owns 15,000 shares after completing the transaction at $175.44 per share. On Mar 06 ’24, another insider, Zhu Xiaotong, who serves as the SVP, Automotive of the company, sold 687 shares for $177.11 each. As a result, the insider received 121,716 and left with 63,171 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TSLA now has a Market Capitalization of 452399431680 and an Enterprise Value of 449777434624. As of this moment, Tesla’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.01, and their Forward P/E ratio for the next fiscal year is 39.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.68 while its Price-to-Book (P/B) ratio in mrq is 7.22. Its current Enterprise Value per Revenue stands at 4.648 whereas that against EBITDA is 33.174.
Stock Price History:
The Beta on a monthly basis for TSLA is 2.47, which has changed by -0.09535527 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, TSLA has reached a high of $299.29, while it has fallen to a 52-week low of $146.22. The 50-Day Moving Average of the stock is -20.49%, while the 200-Day Moving Average is calculated to be -36.86%.
Shares Statistics:
The stock has traded on average 101.16M shares per day over the past 3-months and 91299990 shares per day over the last 10 days, according to various share statistics. A total of 3.19B shares are outstanding, with a floating share count of 2.77B. Insiders hold about 13.01% of the company’s shares, while institutions hold 44.66% stake in the company. Shares short for TSLA as of 1711584000 were 107481521 with a Short Ratio of 1.06, compared to 1709164800 on 95932821. Therefore, it implies a Short% of Shares Outstanding of 107481521 and a Short% of Float of 3.88.
Earnings Estimates
A comprehensive evaluation of Tesla Inc (TSLA) is underway, with the input of GraniteShares 1.75x Long TSLA D analysts contributing to its current rating.The consensus estimate for the next quarter is $141.98, with high estimates of $26.13 and low estimates of $47.90.
