Tesla Inc (TSLA): Street Finally Waking Up

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

However, the script later moved the day high at 165.18, up 0.66%. The company’s stock has a 5-day price change of -6.71% and -31.64% over the past three months. TSLA shares are trading -34.17% year to date (YTD), with the 12-month market performance down to -9.35% 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 106.51 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 -13.24%, -17.68%, and -30.27% respectively.

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Institutional ownership of Tesla Inc (NASDAQ: TSLA) shares accounts for 44.72% of the company’s 3.19B shares outstanding.

It has a market capitalization of $520.94B and a beta (3y monthly) value of 2.42. The stock’s trailing 12-month PE ratio is 38.01, while the earnings-per-share (ttm) stands at $4.30. The company has a PEG of 3.69 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 4.43% over the week and 4.27% over the month.

Analysts forecast that Tesla Inc (TSLA) will achieve an EPS of $0.64 for the current quarter, $0.72 for the next quarter and $4.08 for 2025. The lowest estimate earnings-per-share for the quarter is $0.29 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 -4.76%, and 36.53% over the next financial year.

Looking at the support for the TSLA, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on March 13, 2024, with the firm’s price target at $200-$125. Daiwa Securities was of a view on February 06, 2024 that the stock is Neutral, while Jefferies gave the stock Hold rating on January 29, 2024, issuing a price target of $225- $185. Edward Jones on their part issued Hold rating on January 26, 2024.

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