Currently, Tesla Inc [TSLA] is trading at $162.13, up 12.06%. 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 4.30% over the last week, with a monthly amount drifted -6.08%, 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 April 24, 2024, when BofA Securities upgraded its rating to a Buy but kept the price target unchanged to $220 for it. Previously, RBC Capital Mkts reaffirmed its Outperform rating on April 24, 2024, and dropped its price target to $293. On April 18, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $123 on the stock. Barclays reiterated its Equal Weight rating and decreased its price target to $180 on April 17, 2024. Wells Fargo reiterated its recommendation of a Underweight and reduced its price target to $120 on April 12, 2024. Citigroup reiterated a Neutral rating for this stock on April 12, 2024, and downed its price target to $180. In a note dated April 10, 2024, Piper Sandler reiterated an Overweight rating on this stock and revised its target price from $225 to $205.
This stock has fluctuated between a low of $138.80 and a high of $299.29 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $238.48 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $162.13 at the most recent close of the market. An investor can expect a potential return of 47.09% based on the average TSLA price forecast.
Analyzing the TSLA fundamentals
Trailing Twelve Months sales for Tesla Inc [NASDAQ:TSLA] were 96.77B which represents 3.49% growth. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.24 and Total Capital is 0.09. 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 157.10 points at the first support level, and at 152.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 167.56, and for the 2nd resistance point, it is at 173.00.
Tesla Inc [TSLA] reported earnings per share of $0.45 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.51/share, meaning a difference of -$0.06 and a surprise factor of -11.80%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.71 per share as compared to estimates of $0.74 per share, a difference of -$0.03 representing a surprise of -4.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tesla Inc [NASDAQ:TSLA] is 1.73. Also, the Quick Ratio is 1.25, while the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 5.34, the price to book ratio is 8.24 and price to earnings (TTM) ratio is 37.68.
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.
