At the time of writing, Tesla Inc [TSLA] stock is trading at $232.07, up 4.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The TSLA shares have gain 7.44% over the last week, with a monthly amount glided 10.58%, 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 24, 2024, when Truist reiterated its Hold rating and also boosted its price target to $215 from $162. Previously, Piper Sandler reaffirmed its Overweight rating on July 24, 2024, and elevated its price target to $300. On July 24, 2024, Goldman reiterated its Neutral rating and revised its price target to $230 on the stock. Citigroup reiterated its Neutral rating and decreased its price target to $258 on July 24, 2024. New Street downgraded its rating to a Neutral but $225 remained the price target by the analyst firm on July 24, 2024. Cantor Fitzgerald downgraded its rating to Neutral for this stock on July 24, 2024, and upped its price target to $245. In a note dated July 17, 2024, Barclays reiterated an Equal Weight rating on this stock and boosted its target price from $180 to $225.
For the past year, the stock price of Tesla Inc fluctuated between $138.80 and $278.98. Currently, Wall Street analysts expect the stock to reach $240.73 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $232.07 at the most recent close of the market. An investor can expect a potential return of 3.73% based on the average TSLA price forecast.
Analyzing the TSLA fundamentals
According to Tesla Inc [NASDAQ:TSLA], the company’s sales were 95.32B for trailing twelve months, which represents an 2.30% jump. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.2 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 227.68 points at the first support level, and at 223.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 235.57, and for the 2nd resistance point, it is at 239.07.
Ratios To Look Out For
It is important to note that Tesla Inc [NASDAQ:TSLA] has a current ratio of 1.91. On the other hand, the Quick Ratio is 1.40, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 7.78, the price to book ratio is 11.15 and price to earnings (TTM) ratio is 65.18.
Transactions by insiders
Recent insider trading involved DENHOLM ROBYN M, Director, that happened on Jul 25 ’24 when 66364.0 shares were sold. SVP, Automotive, Zhu Xiaotong completed a deal on Jun 06 ’24 to sell 650.0 shares. Meanwhile, Director DENHOLM ROBYN M sold 93705.0 shares on May 06 ’24.
