Tesla Inc. [TSLA] Stock trading around $204.99 per share: What’s Next?

Tesla Inc. [NASDAQ: TSLA] loss -7.55% on the last trading session, reaching $204.99 price per share at the time. The company report on October 2, 2022 that Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Third Quarter 2022.

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In the third quarter, we produced over 365,000 vehicles and delivered over 343,000 vehicles.

Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars. As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks. In Q3, we began transitioning to a more even regional mix of vehicle builds each week, which led to an increase in cars in transit at the end of the quarter. These cars have been ordered and will be delivered to customers upon arrival at their destination.

Tesla Inc. represents 3.11 billion in outstanding shares, while the company has a total market value of $694.75 billion with the latest information. TSLA stock price has been found in the range of $204.16 to $226.26.

If compared to the average trading volume of 73.72M shares, TSLA reached a trading volume of 93528793 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Tesla Inc. [TSLA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TSLA shares is $292.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TSLA stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Tesla Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 14, 2022. The new note on the price target was released on September 15, 2022, representing the official price target for Tesla Inc. stock. Previously, the target price had yet another raise to $360, while Wolfe Research analysts kept a Outperform rating on TSLA stock.

The Average True Range (ATR) for Tesla Inc. is set at 13.54, with the Price to Sales ratio for TSLA stock in the period of the last 12 months amounting to 10.34. The Price to Book ratio for the last quarter was 17.54, with the Price to Cash per share for the same quarter was set at 5.58. Price to Free Cash Flow for TSLA in the course of the last twelve months was 49.40 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for TSLA stock

Tesla Inc. [TSLA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.11. With this latest performance, TSLA shares dropped by -32.51% in over the last four-week period, additionally sinking by -37.57% over the last 6 months – not to mention a drop of -24.85% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TSLA stock in for the last two-week period is set at 24.68, with the RSI for the last a single of trading hit 19.63, and the three-weeks RSI is set at 29.69 for Tesla Inc. [TSLA]. The present Moving Average for the last 50 days of trading for this stock 278.18, while it was recorded at 216.68 for the last single week of trading, and 285.47 for the last 200 days.

Tesla Inc. [TSLA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Tesla Inc. [TSLA] shares currently have an operating margin of +12.07 and a Gross Margin at +25.28. Tesla Inc.’s Net Margin is presently recorded at +10.26.

Return on Equity for this stock inclined to 21.08, with Return on Assets sitting at 9.67.

Tesla Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.

Tesla Inc. [TSLA]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TSLA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tesla Inc. go to 54.98%.

An analysis of insider ownership at Tesla Inc. [TSLA]

There are presently around $279,817 million, or 44.30% of TSLA stock, in the hands of institutional investors. The top three institutional holders of TSLA stocks are: VANGUARD GROUP INC with ownership of 204,718,584, which is approximately 4.707% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 166,106,253 shares of the stock with an approximate value of $34.05 billion in TSLA stocks shares; and STATE STREET CORP, currently with $19.55 billion in TSLA stock with ownership of nearly -1.975% of the company’s market capitalization.

Positions in Tesla Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,523 institutional holders increased their position in Tesla Inc. [NASDAQ:TSLA] by around 112,726,221 shares. Additionally, 1,049 investors decreased positions by around 66,976,935 shares, while 311 investors held positions by with 1,185,325,156 shares. The mentioned changes placed institutional holdings at 1,365,028,312 shares, according to the latest SEC report filing. TSLA stock had 165 new institutional investments in for a total of 5,270,114 shares, while 265 institutional investors sold positions of 7,175,802 shares during the same period.


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