At the time of writing, Tesla Inc [TSLA] stock is trading at $288.53, up 14.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The TSLA shares have gain 12.03% over the last week, with a monthly amount glided 18.01%, 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 October 24, 2024, when Wells Fargo reiterated its Underweight rating and also boosted its price target to $125 from $120. Previously, Truist reaffirmed its Hold rating on October 24, 2024, and elevated its price target to $238. On October 24, 2024, RBC Capital Mkts reiterated its Outperform rating and revised its price target to $249 on the stock. Jefferies reiterated its Hold rating and increased its price target to $195 on October 24, 2024. Goldman reiterated its recommendation of a Neutral and raised its price target to $250 on October 24, 2024. Cantor Fitzgerald reiterated a Neutral rating for this stock on October 24, 2024, and upped its price target to $255. In a note dated October 24, 2024, Canaccord Genuity reiterated an Buy rating on this stock and boosted its target price from $254 to $278.
For the past year, the stock price of Tesla Inc fluctuated between $138.80 and $273.54. Currently, Wall Street analysts expect the stock to reach $250.97 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $288.53 at the most recent close of the market. An investor can expect a potential drop of -13.02% based on the average TSLA price forecast.
Analyzing the TSLA fundamentals
According to Tesla Inc [NASDAQ:TSLA], the company’s sales were 97.15B for trailing twelve months, which represents an 7.85% 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 0.09%, 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 0.19 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 0.11.
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 279.57 points at the first support level, and at 270.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 293.54, and for the 2nd resistance point, it is at 298.55.
Ratios To Look Out For
It is important to note that Tesla Inc [NASDAQ:TSLA] has a current ratio of 1.84. On the other hand, the Quick Ratio is 1.37, and the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 9.53, the price to book ratio is 13.23 and price to earnings (TTM) ratio is 79.04.
Transactions by insiders
Recent insider trading involved Musk Kimbal, Director, that happened on Nov 01 ’24 when 60500.0 shares were sold. Chief Financial Officer, Taneja Vaibhav completed a deal on Nov 01 ’24 to sell 4000.0 shares. Meanwhile, Affiliate Kimbal Musk bought 60500.0 shares on Nov 01 ’24.
