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The price of Tesla Inc (NASDAQ: TSLA) closed at $223.27 in the last session, up 0.98% from day before closing price of $221.10. In other words, the price has increased by $0.98 from its previous closing price. On the day, 69.92 million shares were traded. TSLA stock price reached its highest trading level at $224.6594 during the session, while it also had its lowest trading level at $218.86.
Ratios:
We take a closer look at TSLA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 415.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.91. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.14.
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, Truist on July 24, 2024, Reiterated its Hold rating but revised its target price to $215 from $162 previously.
On July 24, 2024, Piper Sandler reiterated its Overweight rating and also lowered its target price recommendation from $205 to $300.
Goldman reiterated its Neutral rating for the stock on July 24, 2024, while the target price for the stock was revised from $248 to $230.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 25 ’24 when DENHOLM ROBYN M sold 66,364 shares for $219.96 per share. The transaction valued at 14,597,629 led to the insider holds 85,000 shares of the business.
Zhu Xiaotong sold 650 shares of TSLA for $113,151 on Jun 06 ’24. The SVP, Automotive now owns 65,155 shares after completing the transaction at $174.21 per share. On May 06 ’24, another insider, DENHOLM ROBYN M, who serves as the Director of the company, sold 93,705 shares for $184.86 each. As a result, the insider received 17,322,282 and left with 15,000 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 713267281920 and an Enterprise Value of 695857381376. As of this moment, Tesla’s Price-to-Earnings (P/E) ratio for their current fiscal year is 62.70, and their Forward P/E ratio for the next fiscal year is 70.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 20.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.48 while its Price-to-Book (P/B) ratio in mrq is 10.73. Its current Enterprise Value per Revenue stands at 7.3 whereas that against EBITDA is 57.141.
Stock Price History:
Over the past 52 weeks, TSLA has reached a high of $278.98, while it has fallen to a 52-week low of $138.80. The 50-Day Moving Average of the stock is 3.66%, while the 200-Day Moving Average is calculated to be 9.79%.
Shares Statistics:
According to the various share statistics, TSLA traded on average about 95.71M shares per day over the past 3-months and 73327760 shares per day over the past 10 days. A total of 3.19B shares are outstanding, with a floating share count of 2.78B. Insiders hold about 13.09% of the company’s shares, while institutions hold 46.33% stake in the company. Shares short for TSLA as of 1722384000 were 86969962 with a Short Ratio of 0.91, compared to 1719532800 on 105201302. Therefore, it implies a Short% of Shares Outstanding of 86969962 and a Short% of Float of 3.1300000000000003.
