Tesla Inc. (NASDAQ: TSLA) is 252.95% higher on its value in year-to-date trading and has touched a low of $211.00 and a high of $1794.99 in the current 52-week trading range. The TSLA stock was last observed hovering at around $1476.49 in the last trading session, with the day’s gains setting it 22.62% off its average median price target of $1400.00 for the next 12 months. It is also 37.54% off the consensus price target high of $2400.00 offered by 34 analysts, but current levels are -399.7% lower than the price target low of $300.00 for the same period.
Currently trading at $1499.11, the stock is 4.16% and 33.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.3 million and changing 1.53% at the moment leaves the stock 120.00% off its SMA200. TSLA registered 526.24% gain for a year compared to 6-month gain of 160.45%. The firm has a 50-day simple moving average (SMA 50) of $1,244.03 and a 200-day simple moving average (SMA200) of $833.11.
The stock witnessed a 53.84% loss in the last 1 month and extending the period to 3 months gives it a 91.97%, and is -5.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.21% over the week and 8.13% over the month.
Tesla Inc. (TSLA) has around 48016 employees, a market worth around $292.26B and $25.71B in sales. Current P/E ratio is 759.90 and Fwd P/E is 98.77. Profit margin for the company is -3.40%. Distance from 52-week low is 610.48% and -16.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.90%).
Tesla Inc. (TSLA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Tesla Inc. (TSLA) is a “Hold”. 34 analysts offering their recommendations for the stock have an average rating of 3.00, where 15 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 8 analysts have rated the stock as a Sell or Underperform.
Tesla Inc. is expected to release its quarterly report on 10/27/2020 and quarterly earnings per share for the current quarter are estimated at $2.57 with sales reaching $8.07B over the same period.The EPS is expected to grow by 14.90% this year, but quarterly earnings will post 20.50% year-over-year. Quarterly sales are estimated to grow 28.00% in year-over-year returns.
Tesla Inc. (TSLA) Top Institutional Holders
1,319 institutions hold shares in Tesla Inc. (TSLA), with 38.22M shares held by insiders accounting for 20.51% while institutional investors hold 72.87% of the company’s shares. The shares outstanding are 183.00M, and float is at 147.41M with Short Float at 8.62%. Institutions hold 57.93% of the Float.
The top institutional shareholder in the company is Baillie Gifford and Company with over 12.08 million shares valued at $6.33 billion. The investor’s holdings represent 6.51% of the TSLA Shares outstanding. As of Mar 30, 2020, the second largest holder is Capital World Investors with 10.71 million shares valued at $5.61 billion to account for 5.78% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 8.66 million shares representing 4.67% and valued at over $4.54 billion, while Blackrock Inc. holds 3.89% of the shares totaling 7.21 million with a market value of $3.78 billion.
Tesla Inc. (TSLA) Insider Activity
A total of 133 insider transactions have happened at Tesla Inc. (TSLA) in the last six months, with sales accounting for 74 and purchases happening 59 times. The most recent transaction is an insider sale by Taneja Vaibhav, the company’s Chief Accounting Officer. SEC filings show that Taneja Vaibhav sold 887 shares of the company’s common stock on Jul 20 at a price of $1558.75 per share for a total of $1.38 million. Following the sale, the insider now owns 2729.0 shares.
Tesla Inc. disclosed in a document filed with the SEC on Jul 17 that Kirkhorn Zachary (Chief Financial Officer) sold a total of 250 shares of the company’s common stock. The trade occurred on Jul 17 and was made at $1513.45 per share for $0.38 million. Following the transaction, the insider now directly holds 11581.0 shares of the TSLA stock.
Still, SEC filings show that on Jul 10, Baglino Andrew D (SVP Powertrain and Energy Eng.) disposed off 300 shares at an average price of $1395.78 for $0.42 million. The insider now directly holds 4,122 shares of Tesla Inc. (TSLA).
Tesla Inc. (TSLA): Who are the competitors?
The company’s main competitors (and peers) include Toyota Motor Corporation (TM) that is trading -4.76% down over the past 12 months. Honda Motor Co. Ltd. (HMC) is 1.10% up on the 1-year trading charts. Short interest in the company’s stock has fallen -19.12% from the last report on Jun 14, 2020 to stand at a total of 15.14 million short shares sold with a short interest ratio of 0.85.