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After finishing at $183.28 in the prior trading day, Tesla Inc (NASDAQ: TSLA) closed at $179.99, down -1.80%. In other words, the price has decreased by -$1.80 from its previous closing price. On the day, 92.29 million shares were traded. TSLA stock price reached its highest trading level at $185.86 during the session, while it also had its lowest trading level at $179.01.
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 21.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 415.36. 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.
On April 24, 2024, RBC Capital Mkts reiterated its Outperform rating and also upped its target price recommendation from $294 to $293.
Deutsche Bank Downgraded its Buy to Hold on April 18, 2024, whereas the target price for the stock was revised from $189 to $123.
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 574024122368 and an Enterprise Value of 557889355776. As of this moment, Tesla’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.00, and their Forward P/E ratio for the next fiscal year is 53.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.06 while its Price-to-Book (P/B) ratio in mrq is 8.92. Its current Enterprise Value per Revenue stands at 5.888 whereas that against EBITDA is 45.486.
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 2.81%, while the 200-Day Moving Average is calculated to be -18.63%.
Shares Statistics:
The stock has traded on average 103.25M shares per day over the past 3-months and 129472350 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 13.01% 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 1.03, compared to 1710460800 on 102298924. Therefore, it implies a Short% of Shares Outstanding of 106654831 and a Short% of Float of 3.8399997999999997.
