Tesla Inc [TSLA] is -28.36% lower this YTD. Is it still time to buy?

Tesla Inc [NASDAQ: TSLA] stock went on a downward path that fall over -2.44% on Friday, amounting to a one-week price increase of more than 0.30%.

Over the last 12 months, TSLA stock dropped by -30.68%. The one-year Tesla Inc stock forecast points to a potential upside of 2.63. The average equity rating for TSLA stock is currently 2.62, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $567.71 billion, with 3.19 billion shares outstanding and 2.77 billion shares in the current float. Compared to the average trading volume of 90.25M shares, TSLA stock reached a trading volume of 81437569 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 $182.81 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 2.62. 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.

Citigroup have made an estimate for Tesla Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 12, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on May 02, 2024, representing the official price target for Tesla Inc stock. Previously, the target price had yet another raise to $220, while BofA Securities analysts kept a Buy rating on TSLA stock. On April 24, 2024, analysts decreased their price target for TSLA shares from 294 to 293.

The Average True Range (ATR) for Tesla Inc is set at 7.60, with the Price to Sales ratio for TSLA stock in the period of the last 12 months amounting to 5.99. The Price to Book ratio for the last quarter was 8.82, 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 410.79 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 0.30. With this latest performance, TSLA shares gained by 2.31% in over the last four-week period, additionally sinking by -25.61% over the last 6 months – not to mention a drop of -30.68% 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 51.91, with the RSI for the last a single of trading hit 52.24, and the three-weeks RSI is set at 51.35 for Tesla Inc [TSLA]. The present Moving Average for the last 50 days of trading for this stock 172.61, while it was recorded at 176.44 for the last single week of trading, and 209.28 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%.