Tesla Inc. [NASDAQ: TSLA] surged by $2.72 during the normal trading session on Friday and reaching a high of $114.39 during the day while it closed the day at $113.06. The company report on January 2, 2023 that Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Fourth Quarter 2022.
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In the fourth quarter, we produced over 439,000 vehicles and delivered over 405,000 vehicles. In 2022, vehicle deliveries grew 40% YoY to 1.31 million while production grew 47% YoY to 1.37 million.
We continued to transition towards a more even regional mix of vehicle builds which again led to a further increase in cars in transit at the end of the quarter.
Tesla Inc. stock has also loss -7.19% of its value over the past 7 days. However, TSLA stock has declined by -52.52% in the 3 months of the year. Over the past six months meanwhile, it has lost -54.91% and lost -8.22% year-on date.
The market cap for TSLA stock reached $348.43 billion, with 3.15 billion shares outstanding and 2.64 billion shares in the current float. Compared to the average trading volume of 110.98M shares, TSLA reached a trading volume of 220911056 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $222.45 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.
Edward Jones have made an estimate for Tesla Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 05, 2023. While these analysts kept the previous recommendation, Truist dropped their target price from $348 to $299. The new note on the price target was released on January 03, 2023, representing the official price target for Tesla Inc. stock. Previously, the target price had yet another drop from $150 to $125, while JP Morgan kept a Underweight rating on TSLA stock. On January 03, 2023, analysts decreased their price target for TSLA shares from 235 to 205.
The Average True Range (ATR) for Tesla Inc. is set at 10.17, with the Price to Sales ratio for TSLA stock in the period of the last 12 months amounting to 4.65. The Price to Book ratio for the last quarter was 8.92, with the Price to Cash per share for the same quarter was set at 6.85. Price to Free Cash Flow for TSLA in the course of the last twelve months was 21.75 with Quick ratio for the last quarter at 1.00.
TSLA stock trade performance evaluation
Tesla Inc. [TSLA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.19. With this latest performance, TSLA shares dropped by -37.13% in over the last four-week period, additionally sinking by -54.91% over the last 6 months – not to mention a drop of -68.83% 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 30.72, with the RSI for the last a single of trading hit 32.29, and the three-weeks RSI is set at 31.01 for Tesla Inc. [TSLA]. The present Moving Average for the last 50 days of trading for this stock 171.59, while it was recorded at 113.66 for the last single week of trading, and 248.16 for the last 200 days.
Tesla Inc. [TSLA]: An insightful look at the core fundamentals
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 1.00 and a Current Ratio set at 1.50.
Earnings per share (EPS) analysis for Tesla Inc. [TSLA] stock
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 34.82%.
Tesla Inc. [TSLA]: Insider Ownership positions
There are presently around $154,567 million, or 44.80% of TSLA stock, in the hands of institutional investors. The top three institutional holders of TSLA stocks are: VANGUARD GROUP INC with ownership of 213,024,517, which is approximately 4.057% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 171,860,959 shares of the stock with an approximate value of $19.43 billion in TSLA stocks shares; and STATE STREET CORP, currently with $11.27 billion in TSLA stock with ownership of nearly 4.492% of the company’s market capitalization.
Positions in Tesla Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 1,465 institutional holders increased their position in Tesla Inc. [NASDAQ:TSLA] by around 87,636,755 shares. Additionally, 977 investors decreased positions by around 63,204,912 shares, while 366 investors held positions by with 1,216,285,726 shares. The mentioned changes placed institutional holdings at 1,367,127,393 shares, according to the latest SEC report filing. TSLA stock had 216 new institutional investments in for a total of 7,434,961 shares, while 109 institutional investors sold positions of 3,105,815 shares during the same period.