Tesla Inc (NASDAQ: TSLA) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 3.19B common shares owned by the public and among those 2.77B shares have been available to trade.

Insiders at the company have transacted a total of 79 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 294,426 shares. Insider sales of the common stock occurred on 45 occasions, with total insider shares sold totaling 280,708 shares.

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However, the script later moved the day high at 194.12, up 2.12%. The company’s stock has a 5-day price change of 3.01% and -12.85% over the past three months. TSLA shares are trading -22.10% year to date (YTD), with the 12-month market performance down to -3.84% lower. It has a 12-month low price of $152.37 and touched a high of $299.29 over the same period. TSLA has an average intraday trading volume of 0.72 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.90%, -14.60%, and -16.72% respectively.

Institutional ownership of Tesla Inc (NASDAQ: TSLA) shares accounts for 43.81% of the company’s 3.19B shares outstanding.

It has a market capitalization of $616.48B and a beta (3y monthly) value of 2.42. The stock’s trailing 12-month PE ratio is 44.98, while the earnings-per-share (ttm) stands at $4.30. The company has a PEG of 4.97 and a Quick Ratio of 1.25 with the debt-to-equity ratio at 0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.08% over the week and 3.86% over the month.

Analysts forecast that Tesla Inc (TSLA) will achieve an EPS of $GraniteShares 1.75x Long TSLA D for the current quarter, $26.22 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $TSLQ while analysts give the company a high EPS estimate of $Tidal ETF Trust II YieldMax TSL. Comparatively, EPS for the current quarter was $Stellantis N.V. a year ago. Earnings per share for the fiscal year are expected to decrease by -1.36%, and 37.41% over the next financial year.

Looking at the support for the TSLA, a number of firms have released research notes about the stock. Daiwa Securities stated their Neutral rating for the stock in a research note on February 06, 2024, with the firm’s price target at $245-$195.

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