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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The company’s stock has a 5-day price change of -4.23% and -20.41% over the past three months. TSLA shares are trading -22.74% year to date (YTD), with the 12-month market performance down to -4.43% 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 110.96 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.13%, -11.97%, and -17.92% respectively.
Institutional ownership of Tesla Inc (NASDAQ: TSLA) shares accounts for 44.66% of the company’s 3.19B shares outstanding.
It has a market capitalization of $611.38B and a beta (3y monthly) value of 2.41. The stock’s trailing 12-month PE ratio is 44.61, while the earnings-per-share (ttm) stands at $4.30. The company has a PEG of 4.93 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 3.73% over the week and 3.97% over the month.
Analysts forecast that Tesla Inc (TSLA) will achieve an EPS of $0.68 for the current quarter, $0.75 for the next quarter and $4.19 for 2025. The lowest estimate earnings-per-share for the quarter is $0.4 while analysts give the company a high EPS estimate of $0.9. Comparatively, EPS for the current quarter was $0.85 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. Jefferies coverage for the Tesla Inc (TSLA) stock in a research note released on January 29, 2024 offered a Hold rating with a price target of $185. Edward Jones was of a view on January 26, 2024 that the stock is Hold, while Wells Fargo gave the stock Equal Weight rating on January 25, 2024, issuing a price target of $223- $200. UBS on their part issued Neutral rating on January 25, 2024.
