Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Tesla Inc (NASDAQ: TSLA) closed the day trading at $184.76 up 1.97% from the previous closing price of $181.19. In other words, the price has increased by $1.97 from its previous closing price. On the day, 84.09 million shares were traded. TSLA stock price reached its highest trading level at $187.56 during the session, while it also had its lowest trading level at $182.2.
Ratios:
For a better understanding of TSLA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 426.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.72. 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 this company, Cantor Fitzgerald on May 02, 2024, initiated with a Overweight rating and assigned the stock a target price of $230.
On April 24, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $220.
RBC Capital Mkts reiterated its Outperform rating for the stock on April 24, 2024, while the target price for the stock was revised from $294 to $293.
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 589236535296 and an Enterprise Value of 573085908992. As of this moment, Tesla’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.21, and their Forward P/E ratio for the next fiscal year is 55.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.22 while its Price-to-Book (P/B) ratio in mrq is 9.15. Its current Enterprise Value per Revenue stands at 6.049 whereas that against EBITDA is 46.725.
Stock Price History:
Over the past 52 weeks, TSLA has reached a high of $299.29, while it has fallen to a 52-week low of $138.80. The 50-Day Moving Average of the stock is 6.08%, while the 200-Day Moving Average is calculated to be -15.84%.
Shares Statistics:
Over the past 3-months, TSLA traded about 102.48M shares per day on average, while over the past 10 days, TSLA traded about 127743460 shares per day. 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 44.60% stake in the company. Shares short for TSLA as of 1713139200 were 106654831 with a Short Ratio of 1.04, compared to 1710460800 on 102298924. Therefore, it implies a Short% of Shares Outstanding of 106654831 and a Short% of Float of 3.8399997999999997.
