A share price of Tesla Inc [TSLA] is currently trading at $243.92, up 7.36%. 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 6.14% over the last week, with a monthly amount glided 10.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On August 29, 2024, William Blair initiated with a Outperform rating. Truist reiterated its Hold rating and increased its price target to $215 on July 24, 2024. Piper Sandler reiterated its recommendation of a Overweight and raised its price target to $300 on July 24, 2024. Goldman reiterated a Neutral rating for this stock on July 24, 2024, and downed its price target to $230. In a note dated July 24, 2024, Citigroup reiterated an Neutral rating on this stock and revised its target price from $274 to $258.
Tesla Inc experienced fluctuations in its stock price throughout the past year between $138.80 and $273.93. Currently, Wall Street analysts expect the stock to reach $247.38 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $243.92 at the most recent close of the market. An investor can expect a potential return of 1.42% based on the average TSLA price forecast.
Analyzing the TSLA fundamentals
Trailing Twelve Months sales for Tesla Inc [NASDAQ:TSLA] were 95.32B which represents 2.30% 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 0.08%, 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 235.95 points at the first support level, and at 227.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 248.06, and for the 2nd resistance point, it is at 252.21.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tesla Inc [NASDAQ:TSLA] is 1.91. Further, the Quick Ratio stands at 1.40, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 8.18, the price to book ratio is 11.72 and price to earnings (TTM) ratio is 68.50.
Transactions by insiders
Recent insider trading involved Zhu Xiaotong, SVP, Automotive, that happened on Sep 06 ’24 when 297.0 shares were sold. Director, DENHOLM ROBYN M completed a deal on Jul 25 ’24 to sell 66364.0 shares. Meanwhile, SVP, Automotive Zhu Xiaotong sold 650.0 shares on Jun 06 ’24.
