Tesla Inc. [NASDAQ: TSLA] price surged by 3.61 percent to reach at $6.89. The company report on March 3, 2023 that Thinking about trading options or stock in Costco, Kroger, Tesla, Target, or Chevron?.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
InvestorsObserver issues critical PriceWatch Alerts for COST, KR, TSLA, TGT, and CVX.
Click a link below then choose between in-depth options trade idea report or a stock score report.
A sum of 153567118 shares traded at recent session while its average daily volume was at 177.55M shares. Tesla Inc. shares reached a high of $200.48 and dropped to a low of $192.88 until finishing in the latest session at $197.79.
The one-year TSLA stock forecast points to a potential downside of -1.05. The average equity rating for TSLA stock is currently 2.40, trading closer to a bullish pattern in the stock market.
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 $195.74 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 2.40. 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 11.24, with the Price to Sales ratio for TSLA stock in the period of the last 12 months amounting to 7.41. The Price to Book ratio for the last quarter was 13.98, with the Price to Cash per share for the same quarter was set at 7.26. Price to Free Cash Flow for TSLA in the course of the last twelve months was 41.04 with Quick ratio for the last quarter at 1.10.
TSLA Stock Performance Analysis:
Tesla Inc. [TSLA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.46. With this latest performance, TSLA shares gained by 9.03% in over the last four-week period, additionally sinking by -28.24% over the last 6 months – not to mention a drop of -32.56% 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 54.87, with the RSI for the last a single of trading hit 51.29, and the three-weeks RSI is set at 55.75 for Tesla Inc. [TSLA]. The present Moving Average for the last 50 days of trading for this stock 161.24, while it was recorded at 200.96 for the last single week of trading, and 220.66 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 11.80%.
Tesla Inc. [TSLA] Insider Position Details
There are presently around $270,674 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 $35.15 billion in TSLA stocks shares; and STATE STREET CORP, currently with $19.58 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 127,517,151 shares. Additionally, 1,429 investors decreased positions by around 148,873,456 shares, while 226 investors held positions by with 1,092,099,751 shares. The mentioned changes placed institutional holdings at 1,368,490,358 shares, according to the latest SEC report filing. TSLA stock had 277 new institutional investments in for a total of 18,785,436 shares, while 482 institutional investors sold positions of 6,812,710 shares during the same period.