Tesla Inc [TSLA] stock prices are up 1.16% to $202.04 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TSLA shares have gain 3.73% over the last week, with a monthly amount glided 5.82%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Daiwa Securities downgraded its rating to Neutral on February 06, 2024, and dropped its price target to $195. On January 29, 2024, Jefferies reiterated its Hold rating and revised its price target to $185 on the stock. Edward Jones downgraded its rating to a Hold. Wells Fargo reiterated its recommendation of a Equal Weight and reduced its price target to $200 on January 25, 2024. UBS reiterated a Neutral rating for this stock on January 25, 2024, and downed its price target to $225. In a note dated January 25, 2024, TD Cowen reiterated an Market Perform rating on this stock and revised its target price from $200 to $180.
The stock price of Tesla Inc [TSLA] has been fluctuating between $152.37 and $299.29 over the past year. Currently, Wall Street analysts expect the stock to reach $277.05 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $202.04 at the most recent close of the market. An investor can expect a potential return of 37.13% based on the average TSLA price forecast.
Analyzing the TSLA fundamentals
The Tesla Inc [NASDAQ:TSLA] reported sales of 96.77B for trailing twelve months, representing a surge of 3.49%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.28 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 198.55 points at the first support level, and at 195.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 205.41, and for the 2nd resistance point, it is at 208.79.
Tesla Inc [TSLA] reported earnings per share of $0.71 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.74/share, meaning a difference of -$0.03 and a surprise factor of -4.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.66 per share as compared to estimates of $0.72 per share, a difference of -$0.06 representing a surprise of -8.30%.
Ratios To Look Out For
It’s worth pointing out that Tesla Inc [NASDAQ:TSLA]’s Current Ratio is 1.73. As well, the Quick Ratio is 1.25, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 6.65, the price to book ratio is 10.27 and price to earnings (TTM) ratio is 46.95.
Transactions by insiders
Recent insider trading involved DENHOLM ROBYN M, Director, that happened on Feb 21 when 93706.0 shares were sold. Chief Financial Officer, Taneja Vaibhav completed a deal on Dec 14 to sell 4000.0 shares. Meanwhile, SVP Powertrain and Energy Eng. Baglino Andrew D sold 1298.0 shares on Dec 06.
