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In the latest session, Tesla Inc (NASDAQ: TSLA) closed at $262.33 up 3.71% from its previous closing price of $252.94. In other words, the price has increased by $3.71 from its previous closing price. On the day, 159.85 million shares were traded. TSLA stock price reached its highest trading level at $265.61 during the session, while it also had its lowest trading level at $250.3.
Ratios:
For a deeper understanding of Tesla Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 605.37. 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 July 03, 2024, Wedbush reiterated its Outperform rating and also lowered its target price recommendation from $275 to $300.
Guggenheim reiterated its Sell rating for the stock on July 03, 2024, while the target price for the stock was revised from $126 to $134.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 836622745600 and an Enterprise Value of 820471857152. As of this moment, Tesla’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.04, and their Forward P/E ratio for the next fiscal year is 78.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.83 while its Price-to-Book (P/B) ratio in mrq is 12.99. Its current Enterprise Value per Revenue stands at 8.66 whereas that against EBITDA is 66.895.
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 41.51%, while the 200-Day Moving Average is calculated to be 27.70%.
Shares Statistics:
For the past three months, TSLA has traded an average of 92.33M shares per day and 130683250 over the past ten days. 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 45.46% stake in the company. Shares short for TSLA as of 1718323200 were 105382772 with a Short Ratio of 1.14, compared to 1715731200 on 104790820. Therefore, it implies a Short% of Shares Outstanding of 105382772 and a Short% of Float of 3.8.
