At the time of writing, Tesla Inc [TSLA] stock is trading at $250.00, up 4.93%. 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 10.24% over the last week, with a monthly amount glided 18.67%, 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.
For the past year, the stock price of Tesla Inc fluctuated between $138.80 and $271.00. Currently, Wall Street analysts expect the stock to reach $247.58 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $250.00 at the most recent close of the market. An investor can expect a potential drop of -0.97% 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 244.61 points at the first support level, and at 239.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 252.69, and for the 2nd resistance point, it is at 255.39.
Ratios To Look Out For
It is important to note that Tesla Inc [NASDAQ:TSLA] has a current ratio of 1.91. Also, the Quick Ratio is 1.40, while the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 8.38, the price to book ratio is 12.01 and price to earnings (TTM) ratio is 70.21.
Transactions by insiders
Recent insider trading involved VAIBHAV TANEJA, Officer, that happened on Sep 23 ’24 when 8000.0 shares were purchased. SVP, Automotive, Zhu Xiaotong completed a deal on Sep 06 ’24 to sell 297.0 shares. Meanwhile, Director DENHOLM ROBYN M sold 66364.0 shares on Jul 25 ’24.
