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 2.79B shares have been available to trade.

The company’s stock has a 5-day price change of 21.97% and 15.98% over the past three months. TSLA shares are trading 8.33% year to date (YTD), with the 12-month market performance up to 26.73% higher. It has a 12-month low price of $138.80 and touched a high of $271.00 over the same period. TSLA has an average intraday trading volume of 79.43 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 13.96%, 16.75%, and 33.55% respectively.

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Institutional ownership of Tesla Inc (NASDAQ: TSLA) shares accounts for 46.00% of the company’s 3.19B shares outstanding.

It has a market capitalization of $864.12B and a beta (3y monthly) value of 2.29. The stock’s trailing 12-month PE ratio is 73.74, while the earnings-per-share (ttm) stands at $3.65. The company has a PEG of 4.92 and a Quick Ratio of 1.37 with the debt-to-equity ratio at 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.05% over the week and 3.55% over the month.

Earnings per share for the fiscal year are expected to decrease by -23.86%, and 37.31% 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 October 24, 2024, with the firm’s price target at $120-$125. Truist coverage for the Tesla Inc (TSLA) stock in a research note released on October 24, 2024 offered a Hold rating with a price target of $238. RBC Capital Mkts was of a view on October 24, 2024 that the stock is Outperform, while Jefferies gave the stock Hold rating on October 24, 2024, issuing a price target of $165- $195. Goldman on their part issued Neutral rating on October 24, 2024.

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