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The price of Tesla Inc (NASDAQ: TSLA) closed at $210.60 in the last session, down -1.64% from day before closing price of $214.11. In other words, the price has decreased by -$1.64 from its previous closing price. On the day, 76.26 million shares were traded. TSLA stock price reached its highest trading level at $219.9 during the session, while it also had its lowest trading level at $209.6401.
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 21.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 391.84. 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.
On July 24, 2024, Truist reiterated its Hold rating and also lowered its target price recommendation from $162 to $215.
Piper Sandler reiterated its Overweight rating for the stock on July 24, 2024, while the target price for the stock was revised from $205 to $300.
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 672791199744 and an Enterprise Value of 655381299200. As of this moment, Tesla’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.15, and their Forward P/E ratio for the next fiscal year is 66.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 19.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.06 while its Price-to-Book (P/B) ratio in mrq is 10.12. Its current Enterprise Value per Revenue stands at 6.876 whereas that against EBITDA is 53.817.
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 -4.59%, while the 200-Day Moving Average is calculated to be 3.68%.
Shares Statistics:
According to the various share statistics, TSLA traded on average about 94.37M shares per day over the past 3-months and 69360620 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 12.98% of the company’s shares, while institutions hold 46.15% stake in the company. Shares short for TSLA as of 1723680000 were 81972363 with a Short Ratio of 0.87, compared to 1721001600 on 104460574. Therefore, it implies a Short% of Shares Outstanding of 81972363 and a Short% of Float of 2.9499999999999997.
