Value Hunters: Look To Tesla Inc (TSLA)

Currently, there are 3.19B common shares owned by the public and among those 2.78B shares have been available to trade.

The company’s stock has a 5-day price change of -3.69% and 16.30% over the past three months. TSLA shares are trading -19.51% year to date (YTD), with the 12-month market performance down to -17.42% lower. It has a 12-month low price of $138.80 and touched a high of $278.98 over the same period. TSLA has an average intraday trading volume of 95.27 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 -12.08%, -4.79%, and -1.60% respectively.

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Institutional ownership of Tesla Inc (NASDAQ: TSLA) shares accounts for 45.35% of the company’s 3.19B shares outstanding.

It has a market capitalization of $638.93B and a beta (3y monthly) value of 2.33. The stock’s trailing 12-month PE ratio is 56.17, while the earnings-per-share (ttm) stands at $3.56. The company has a PEG of 18.72 and a Quick Ratio of 1.40 with the debt-to-equity ratio at 0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.21% over the week and 5.32% over the month.

Earnings per share for the fiscal year are expected to decrease by -28.18%, and 41.52% over the next financial year.

Looking at the support for the TSLA, a number of firms have released research notes about the stock. Truist stated their Hold rating for the stock in a research note on July 24, 2024, with the firm’s price target at $162-$215. Piper Sandler coverage for the Tesla Inc (TSLA) stock in a research note released on July 24, 2024 offered a Overweight rating with a price target of $300. Goldman was of a view on July 24, 2024 that the stock is Neutral, while Citigroup gave the stock Neutral rating on July 24, 2024, issuing a price target of $274- $258. New Street on their part issued Neutral rating on July 24, 2024.

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