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After finishing at $215.99 in the prior trading day, Tesla Inc (NASDAQ: TSLA) closed at $220.25, up 1.97%. In other words, the price has increased by $1.97 from its previous closing price. On the day, 100.17 million shares were traded. TSLA stock price reached its highest trading level at $225.99 during the session, while it also had its lowest trading level at $216.231.
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 22.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 409.10. 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:
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 Jun 06 ’24 when Zhu Xiaotong sold 650 shares for $174.21 per share. The transaction valued at 113,151 led to the insider holds 65,155 shares of the business.
DENHOLM ROBYN M sold 93,705 shares of TSLA for $17,322,282 on May 06 ’24. The Director now owns 15,000 shares after completing the transaction at $184.86 per share. On Apr 01 ’24, another insider, Baglino Andrew D, who serves as the SVP Powertrain and Energy Eng. of the company, sold 10,500 shares for $176.20 each. As a result, the insider received 1,850,100 and left with 31,230 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 703619399680 and an Enterprise Value of 686209564672. As of this moment, Tesla’s Price-to-Earnings (P/E) ratio for their current fiscal year is 61.86, and their Forward P/E ratio for the next fiscal year is 67.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.37 while its Price-to-Book (P/B) ratio in mrq is 10.58. Its current Enterprise Value per Revenue stands at 7.199 whereas that against EBITDA is 56.348.
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 8.94%, while the 200-Day Moving Average is calculated to be 7.31%.
Shares Statistics:
The stock has traded on average 98.98M shares per day over the past 3-months and 122454520 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 13.00% of the company’s shares, while institutions hold 45.51% stake in the company. Shares short for TSLA as of 1721001600 were 104460574 with a Short Ratio of 1.06, compared to 1718323200 on 105382772. Therefore, it implies a Short% of Shares Outstanding of 104460574 and a Short% of Float of 3.75.
