Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Tesla Inc (NASDAQ: TSLA) closed at $339.64 in the last session, down -0.70% from day before closing price of $342.03. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 57.78 million shares were traded. TSLA stock price reached its highest trading level at $347.9899 during the session, while it also had its lowest trading level at $335.28.
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 31.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 302.01. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.84. In the meantime, Its Debt-to-Equity ratio is 0.18 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, Wells Fargo on October 24, 2024, Reiterated its Underweight rating but revised its target price to $125 from $120 previously.
On October 24, 2024, Truist reiterated its Hold rating and also lowered its target price recommendation from $236 to $238.
RBC Capital Mkts reiterated its Outperform rating for the stock on October 24, 2024, while the target price for the stock was revised from $236 to $249.
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 Nov 15 ’24 when DENHOLM ROBYN M sold 112,390 shares for $314.44 per share. The transaction valued at 35,339,810 led to the insider holds 85,000 shares of the business.
DENHOLM ROBYN M bought 112,390 shares of TSLA for $35,339,822 on Nov 15 ’24. On Nov 08 ’24, another insider, Taneja Vaibhav, who serves as the Chief Financial Officer of the company, sold 8,000 shares for $300.37 each. As a result, the insider received 2,402,956 and left with 105,032 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 1090264825856 and an Enterprise Value of 1077850734592. As of this moment, Tesla’s Price-to-Earnings (P/E) ratio for their current fiscal year is 93.04, and their Forward P/E ratio for the next fiscal year is 102.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.22 while its Price-to-Book (P/B) ratio in mrq is 15.58. Its current Enterprise Value per Revenue stands at 11.095 whereas that against EBITDA is 81.384.
Stock Price History:
Over the past 52 weeks, TSLA has reached a high of $358.64, while it has fallen to a 52-week low of $138.80. The 50-Day Moving Average of the stock is 29.82%, while the 200-Day Moving Average is calculated to be 60.96%.
Shares Statistics:
According to the various share statistics, TSLA traded on average about 88.57M shares per day over the past 3-months and 133065230 shares per day over the past 10 days. A total of 3.19B shares are outstanding, with a floating share count of 2.80B. Insiders hold about 12.92% of the company’s shares, while institutions hold 46.65% stake in the company. Shares short for TSLA as of 1730332800 were 77944508 with a Short Ratio of 0.88, compared to 1727654400 on 74332630. Therefore, it implies a Short% of Shares Outstanding of 77944508 and a Short% of Float of 2.79.
