Tesla Inc [NASDAQ: TSLA] price surged by 0.66 percent to reach at $1.18.
The one-year TSLA stock forecast points to a potential upside of 1.01. The average equity rating for TSLA stock is currently 2.65, 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 $183.03 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 2.65. 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.
Cantor Fitzgerald have made an estimate for Tesla Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 02, 2024. The new note on the price target was released on April 24, 2024, representing the official price target for Tesla Inc stock. Previously, the target price had yet another drop from $294 to $293, while RBC Capital Mkts kept a Outperform rating on TSLA stock. On April 18, 2024, analysts decreased their price target for TSLA shares from 189 to 123.
The Average True Range (ATR) for Tesla Inc is set at 9.58, with the Price to Sales ratio for TSLA stock in the period of the last 12 months amounting to 6.10. The Price to Book ratio for the last quarter was 8.98, with the Price to Cash per share for the same quarter was set at 8.54. Price to Free Cash Flow for TSLA in the course of the last twelve months was 418.13 with Quick ratio for the last quarter at 1.17.
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 7.67. With this latest performance, TSLA shares gained by 5.89% in over the last four-week period, additionally sinking by -11.90% over the last 6 months – not to mention a rise of 12.81% 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 56.61, with the RSI for the last a single of trading hit 59.99, and the three-weeks RSI is set at 53.73 for Tesla Inc [TSLA]. The present Moving Average for the last 50 days of trading for this stock 174.17, while it was recorded at 183.70 for the last single week of trading, and 219.52 for the last 200 days.
Insight into Tesla Inc Fundamentals:
Tesla Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.17 and a Current Ratio set at 1.72.
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 15.30%.
Tesla Inc [TSLA] Institutonal Ownership Details
The top three institutional holders of TSLA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TSLA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TSLA stock with ownership which is approximately 5.8386%.
