A share price of Tesla Inc [TSLA] is currently trading at $260.46, up 2.45%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TSLA shares have gain 9.32% over the last week, with a monthly amount glided 26.59%, 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 September 25, 2024, when Piper Sandler reiterated its Overweight rating and also boosted its price target to $310 from $300. William Blair started tracking the stock assigning a Outperform rating. Truist reiterated its recommendation of a Hold and raised its price target to $215 on July 24, 2024. Piper Sandler reiterated a Overweight rating for this stock on July 24, 2024, and upped its price target to $300. In a note dated July 24, 2024, Goldman reiterated an Neutral rating on this stock and revised its target price from $248 to $230.
Tesla Inc experienced fluctuations in its stock price throughout the past year between $138.80 and $271.00. Currently, Wall Street analysts expect the stock to reach $247.84 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $260.46 at the most recent close of the market. An investor can expect a potential drop of -4.85% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 256.15 points at the first support level, and at 251.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 262.73, and for the 2nd resistance point, it is at 265.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tesla Inc [NASDAQ:TSLA] is 1.91. In addition, the Quick Ratio stands at 1.40 and the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 8.73, the price to book ratio is 12.52 and price to earnings (TTM) ratio is 73.15.
Transactions by insiders
Recent insider trading involved Taneja Vaibhav, Chief Financial Officer, that happened on Sep 23 ’24 when 8000.0 shares were sold. Officer, VAIBHAV TANEJA completed a deal on Sep 23 ’24 to buy 8000.0 shares. Meanwhile, SVP, Automotive Zhu Xiaotong sold 297.0 shares on Sep 06 ’24.
