At the time of writing, Tesla Inc [TSLA] stock is trading at $351.42, down -1.59%. 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 3.79% over the last week, with a monthly amount glided 41.14%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Tesla Inc [NASDAQ: TSLA] stock has seen the most recent analyst activity on December 02, 2024, when ROTH MKM upgraded its rating to a Buy and also boosted its price target to $380 from $85. Previously, Wells Fargo reaffirmed its Underweight rating on October 24, 2024, and elevated its price target to $125. On October 24, 2024, Truist reiterated its Hold rating and revised its price target to $238 on the stock. RBC Capital Mkts reiterated its Outperform rating and increased its price target to $249 on October 24, 2024. Jefferies reiterated its recommendation of a Hold and raised its price target to $195 on October 24, 2024. Goldman reiterated a Neutral rating for this stock on October 24, 2024, and upped its price target to $250. In a note dated October 24, 2024, Cantor Fitzgerald reiterated an Neutral rating on this stock and boosted its target price from $245 to $255.
For the past year, the stock price of Tesla Inc fluctuated between $138.80 and $361.93. Currently, Wall Street analysts expect the stock to reach $260.85 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $351.42 at the most recent close of the market. An investor can expect a potential drop of -25.77% 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 347.85 points at the first support level, and at 344.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 355.34, and for the 2nd resistance point, it is at 359.26.
Ratios To Look Out For
It is important to note that Tesla Inc [NASDAQ:TSLA] has a current ratio of 1.84. Also, the Quick Ratio is 1.37, while the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 11.61, the price to book ratio is 16.12 and price to earnings (TTM) ratio is 96.27.
Transactions by insiders
Recent insider trading involved VAIBHAV TANEJA, Officer, that happened on Dec 02 ’24 when 7000.0 shares were purchased. Director, DENHOLM ROBYN M completed a deal on Dec 02 ’24 to buy 0.11 million shares. Meanwhile, Director DENHOLM ROBYN M sold 0.11 million shares on Nov 15 ’24.
