Tesla Inc [TSLA] stock prices are up 2.53% to $175.66 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TSLA shares have gain 3.65% over the last week, with a monthly amount drifted -9.34%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tesla Inc [NASDAQ: TSLA] stock has seen the most recent analyst activity on March 18, 2024, when Goldman reiterated its Neutral rating and also revised its price target to $190 from $220. Previously, Wells Fargo downgraded its rating to Underweight on March 13, 2024, and dropped its price target to $125. On February 26, 2024, China Renaissance initiated with a Hold rating. Daiwa Securities downgraded its rating to a Neutral and decreased its price target to $195 on February 06, 2024. Jefferies reiterated its recommendation of a Hold and reduced its price target to $185 on January 29, 2024. Edward Jones downgraded its rating to Hold for this stock on January 26, 2024. In a note dated January 25, 2024, Wells Fargo reiterated an Equal Weight rating on this stock and revised its target price from $223 to $200.
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 $273.52 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $175.66 at the most recent close of the market. An investor can expect a potential return of 55.71% 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 172.24 points at the first support level, and at 168.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 177.67, and for the 2nd resistance point, it is at 179.67.
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. Further, the Quick Ratio stands at 1.25, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 5.78, the price to book ratio is 8.93 and price to earnings (TTM) ratio is 40.82.
Transactions by insiders
Recent insider trading involved DENHOLM ROBYN M, Director, that happened on Mar 12 ’24 when 93705.0 shares were sold. SVP, Automotive, Zhu Xiaotong completed a deal on Mar 06 ’24 to sell 687.0 shares. Meanwhile, SVP Powertrain and Energy Eng. Baglino Andrew D sold 10500.0 shares on Feb 29 ’24.
