Tesla Inc [NASDAQ: TSLA] traded at a high on Friday, posting a 3.91 gain after which it closed the day’ session at $250.08.
The results of the trading session contributed to over 86411184 shares changing hands. Over the past one week, the price volatility of Tesla Inc stands at 4.28% while the volatility over the past one month is 4.02%.
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The market cap for TSLA stock reached $798.92 billion, with 3.19 billion shares outstanding and 2.78 billion shares in the current float. Compared to the average trading volume of 92.68M shares, TSLA reached a trading volume of 86411184 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $216.34 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 2.66. 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.
Piper Sandler have made an estimate for Tesla Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 25, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on September 10, 2024, representing the official price target for Tesla Inc stock.
The Average True Range (ATR) for Tesla Inc is set at 10.72, with the Price to Sales ratio for TSLA stock in the period of the last 12 months amounting to 8.38. The Price to Book ratio for the last quarter was 12.02, with the Price to Cash per share for the same quarter was set at 9.73. Price to Free Cash Flow for TSLA in the course of the last twelve months was 465.30 with Quick ratio for the last quarter at 1.40.
How has TSLA stock performed recently?
Tesla Inc [TSLA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.99. With this latest performance, TSLA shares gained by 8.65% in over the last four-week period, additionally plugging by 51.66% over the last 6 months – not to mention a drop of -4.24% 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 57.08, with the RSI for the last a single of trading hit 55.65, and the three-weeks RSI is set at 56.92 for Tesla Inc [TSLA]. The present Moving Average for the last 50 days of trading for this stock 224.12, while it was recorded at 251.88 for the last single week of trading, and 202.76 for the last 200 days.
Tesla Inc [TSLA]: Deeper insight into the fundamentals
Tesla Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.91.
Earnings analysis for Tesla Inc [TSLA]
With the latest financial reports released by the company, Tesla Inc posted 0.66/share EPS, while the average EPS was predicted by analysts to be reported at 0.72/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.06. 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 15.00%.
Insider trade positions for Tesla Inc [TSLA]
There are presently around $47.04%, or 54.07%% of TSLA stock, in the hands of institutional investors. The top three institutional holders of TSLA stocks are: VANGUARD GROUP INC with ownership of 237.62 million shares, which is approximately 7.4584%. BLACKROCK INC., holding 190.08 million shares of the stock with an approximate value of $$37.61 billion in TSLA stocks shares; and BLACKROCK INC., currently with $$22.55 billion in TSLA stock with ownership which is approximately 3.5772%.
