As of close of business last night, Tesla Inc’s stock clocked out at $174.60, up 1.65% from its previous closing price of $171.76. In other words, the price has increased by $+2.84 from its previous closing price. On the day, 94053640 shares were traded.
Ratios:
To gain a deeper understanding of TSLA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 127.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.10.
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, Piper Sandler on April 10, 2024, Reiterated its Overweight rating but revised its target price to $205 from $225 previously.
On April 04, 2024, Morgan Stanley reiterated its Overweight rating and also upped its target price recommendation from $320 to $310.
Truist reiterated its Hold rating for the stock on April 03, 2024, while the target price for the stock was revised from $193 to $176.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 556.06B and an Enterprise Value of 536.54B. As of this moment, Tesla’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.57, and their Forward P/E ratio for the next fiscal year is 46.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.75 while its Price-to-Book (P/B) ratio in mrq is 8.88. Its current Enterprise Value per Revenue stands at 5.54 whereas that against EBITDA is 36.26.
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 $152.37. The 50-Day Moving Average of the stock is 182.18, while the 200-Day Moving Average is calculated to be 228.21.
Shares Statistics:
It appears that TSLA traded 103.38M shares on average per day over the past three months and 100.98M shares per day over the past ten days. A total of 3.19B shares are outstanding, with a floating share count of 2.77B. Insiders hold about 13.01% of the company’s shares, while institutions hold 44.67% stake in the company. Shares short for TSLA as of Mar 15, 2024 were 102.3M with a Short Ratio of 1.04, compared to 88.65M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.21% and a Short% of Float of 3.69%.
Earnings Estimates
As of right now, 24 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.8 and a low estimate of $0.18, while EPS last year was $0.85. The consensus estimate for the next quarter is $0.61, with high estimates of $0.84 and low estimates of $0.21.
Analysts are recommending an EPS of between $3.34 and $1.03 for the fiscal current year, implying an average EPS of $2.53. EPS for the following year is $3.44, with 36 analysts recommending between $6.3 and $1.75.
Revenue Estimates
A total of 39 analysts have provided revenue estimates for TSLA’s current fiscal year. The highest revenue estimate was $112.17B, while the lowest revenue estimate was $83.77B, resulting in an average revenue estimate of $95.69B. In the same quarter a year ago, actual revenue was $89.12B, up 7.40% from the average estimate. Based on 39 analysts’ estimates, the company’s revenue will be $113.81B in the next fiscal year. The high estimate is $153.57B and the low estimate is $88.52B. The average revenue growth estimate for next year is up 18.90% from the average revenue estimate for this year.
