At the time of writing, Tesla Inc [TSLA] stock is trading at $176.88, up 2.25%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TSLA shares have gain 6.15% over the last week, with a monthly amount glided 0.88%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2024. In a post published today on Yahoo Finance, In the first quarter, we produced over 433,000 vehicles and delivered approximately 387,000 vehicles. We deployed 4,053 MWh of energy storage products in Q1, the highest quarterly deployment yet.
From an analyst’s perspective:
Tesla Inc [NASDAQ: TSLA] stock has seen the most recent analyst activity on April 04, 2024, when Morgan Stanley reiterated its Overweight rating and also revised its price target to $310 from $320. Previously, Truist reaffirmed its Hold rating on April 03, 2024, and dropped its price target to $176. On April 03, 2024, Robert W. Baird reiterated its Outperform rating and revised its price target to $280 on the stock. JP Morgan reiterated its Underweight rating and decreased its price target to $115 on April 03, 2024. HSBC Securities reiterated its recommendation of a Reduce and reduced its price target to $138 on April 03, 2024. Deutsche Bank reiterated a Buy rating for this stock on April 03, 2024, and downed its price target to $189. In a note dated March 28, 2024, Wedbush reiterated an Outperform rating on this stock and revised its target price from $315 to $300.
For the past year, the stock price of Tesla Inc fluctuated between $152.37 and $299.29. Currently, Wall Street analysts expect the stock to reach $248.45 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $176.88 at the most recent close of the market. An investor can expect a potential return of 40.46% based on the average TSLA price forecast.
Analyzing the TSLA fundamentals
According to Tesla Inc [NASDAQ:TSLA], the company’s sales were 96.77B for trailing twelve months, which represents an 3.49% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 172.79 points at the first support level, and at 168.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 180.09, and for the 2nd resistance point, it is at 183.31.
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 is important to note that Tesla Inc [NASDAQ:TSLA] has a current ratio of 1.73. Also, the Quick Ratio is 1.25, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 5.82, the price to book ratio is 8.99 and price to earnings (TTM) ratio is 41.10.
Transactions by insiders
Recent insider trading involved Baglino Andrew D, SVP Powertrain and Energy Eng., that happened on Apr 01 ’24 when 10500.0 shares were sold. Director, DENHOLM ROBYN M completed a deal on Mar 12 ’24 to sell 93705.0 shares. Meanwhile, SVP, Automotive Zhu Xiaotong sold 687.0 shares on Mar 06 ’24.
