Tesla Inc. [NASDAQ: TSLA] stock went on a downward path that fall over -2.57% on Friday, amounting to a one-week price decrease of less than -2.55%. The company report on January 25, 2023 that Tesla Releases Fourth Quarter and Full Year 2022 Financial Results.
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Tesla has released its financial results for the fourth quarter and full year ended December 31, 2022 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update.
As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the results and outlook.
Over the last 12 months, TSLA stock dropped by -22.70%. The one-year Tesla Inc. stock forecast points to a potential downside of -0.84. The average equity rating for TSLA stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $639.37 billion, with 3.16 billion shares outstanding and 2.64 billion shares in the current float. Compared to the average trading volume of 169.63M shares, TSLA stock reached a trading volume of 141731043 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $195.24 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.
Barclays have made an estimate for Tesla Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 15, 2023. While these analysts kept the previous recommendation, Berenberg dropped their target price from $255 to $200. The new note on the price target was released on January 30, 2023, representing the official price target for Tesla Inc. stock. Previously, the target price had yet another drop from $374 to $257, while Argus kept a Buy rating on TSLA stock. On January 23, 2023, analysts decreased their price target for TSLA shares from 299 to 245.
The Average True Range (ATR) for Tesla Inc. is set at 11.32, with the Price to Sales ratio for TSLA stock in the period of the last 12 months amounting to 7.85. The Price to Book ratio for the last quarter was 13.91, with the Price to Cash per share for the same quarter was set at 6.83. Price to Free Cash Flow for TSLA in the course of the last twelve months was 43.44 with Quick ratio for the last quarter at 1.10.
TSLA Stock Performance Analysis:
Tesla Inc. [TSLA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.55. With this latest performance, TSLA shares gained by 36.32% in over the last four-week period, additionally sinking by -33.73% over the last 6 months – not to mention a drop of -22.70% 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 57.43, with the RSI for the last a single of trading hit 53.41, and the three-weeks RSI is set at 57.56 for Tesla Inc. [TSLA]. The present Moving Average for the last 50 days of trading for this stock 156.65, while it was recorded at 201.10 for the last single week of trading, and 221.89 for the last 200 days.
Insight into Tesla Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Tesla Inc. [TSLA] shares currently have an operating margin of +16.98 and a Gross Margin at +25.60. Tesla Inc.’s Net Margin is presently recorded at +15.45.
Return on Equity for this stock inclined to 33.60, with Return on Assets sitting at 17.42.
Tesla Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.50.
TSLA Stock EPS
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 18.55%.
Tesla Inc. [TSLA] Insider Position Details
There are presently around $269,433 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 217,857,401, which is approximately 2.269% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 177,731,918 shares of the stock with an approximate value of $34.99 billion in TSLA stocks shares; and STATE STREET CORP, currently with $19.49 billion in TSLA stock with ownership of nearly -0.651% of the company’s market capitalization.
Positions in Tesla Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 1,340 institutional holders increased their position in Tesla Inc. [NASDAQ:TSLA] by around 127,511,156 shares. Additionally, 1,426 investors decreased positions by around 148,846,546 shares, while 228 investors held positions by with 1,092,153,836 shares. The mentioned changes placed institutional holdings at 1,368,511,538 shares, according to the latest SEC report filing. TSLA stock had 275 new institutional investments in for a total of 18,779,148 shares, while 479 institutional investors sold positions of 6,789,896 shares during the same period.