A share price of Tesla Inc [TSLA] is currently trading at $249.23, up 0.29%. 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 3.40% over the last week, with a monthly amount glided 32.97%, and 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 July 17, 2024, when Barclays reiterated its Equal Weight rating and also boosted its price target to $225 from $180. Previously, Mizuho reaffirmed its Neutral rating on July 12, 2024, and elevated its price target to $230. On July 12, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $197 on the stock. Goldman reiterated its Neutral rating and increased its price target to $248 on July 10, 2024. China Renaissance upgraded its rating to a Buy but $290 remained the price target by the analyst firm on July 05, 2024. Wedbush reiterated a Outperform rating for this stock on July 03, 2024, and upped its price target to $300. In a note dated July 03, 2024, Guggenheim reiterated an Sell rating on this stock and boosted its target price from $126 to $134.
Tesla Inc experienced fluctuations in its stock price throughout the past year between $138.80 and $299.29. Currently, Wall Street analysts expect the stock to reach $243.68 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $249.23 at the most recent close of the market. An investor can expect a potential drop of -2.23% based on the average TSLA price forecast.
Analyzing the TSLA fundamentals
Trailing Twelve Months sales for Tesla Inc [NASDAQ:TSLA] were 94.75B which represents -8.69% decline. 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 of0.09.
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 245.24 points at the first support level, and at 241.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 255.18, and for the 2nd resistance point, it is at 261.13.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tesla Inc [NASDAQ:TSLA] is 1.72. As well, the Quick Ratio is 1.17, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 8.39, the price to book ratio is 12.35 and price to earnings (TTM) ratio is 63.69.
Transactions by insiders
Recent insider trading involved Zhu Xiaotong, SVP, Automotive, that happened on Jun 06 ’24 when 650.0 shares were sold. Director, DENHOLM ROBYN M completed a deal on May 06 ’24 to sell 93705.0 shares. Meanwhile, SVP Powertrain and Energy Eng. Baglino Andrew D sold 10500.0 shares on Apr 01 ’24.
