Tesla Inc. (NASDAQ: TSLA) is -18.07% lower on its value in year-to-date trading and has touched a low of $206.86 and a high of $414.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TSLA stock was last observed hovering at around $300.80 in the last trading session, with the day’s loss setting it -12.21% off its average median price target of $329.17 for the next 12 months. It is also 45.2% off the consensus price target high of $526.67 offered by 42 analysts, but current levels are -246.32% lower than the price target low of $83.33 for the same period.
Currently trading at $288.59, the stock is -1.15% and 1.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 70.25 million and changing -4.06% at the moment leaves the stock -1.46% off its SMA200. TSLA registered 15.14% gain for a year compared to 6-month loss of -13.35%.
The stock witnessed a -2.65% gain in the last 1 month and extending the period to 3 months gives it a 22.77%, and is -4.99% 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 3.82% over the week and 3.71% over the month.
Tesla Inc. (TSLA) has around 99290 employees, a market worth around $905.48B and $67.17B in sales. Current P/E ratio is 103.92 and Fwd P/E is 49.37. Profit margin for the company is 14.20%. Distance from 52-week low is 39.51% and -30.38% from its 52-week high. The company has generated returns on investments over the last 12 months (15.70%).
Tesla Inc. (TSLA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Tesla Inc. (TSLA) is a “Overweight”. 42 analysts offering their recommendations for the stock have an average rating of 2.30, where 11 rate it as a Hold and 3 think it is a “Overweight”. 24 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Tesla Inc. is expected to release its quarterly report on 10/19/2022.The EPS is expected to grow by 669.20% this year
Tesla Inc. (TSLA) Top Institutional Holders
The shares outstanding are 3.11B, and float is at 2.62B with Short Float at 2.32%.
Tesla Inc. (TSLA) Insider Activity
A total of 461 insider transactions have happened at Tesla Inc. (TSLA) in the last six months, with sales accounting for 440 and purchases happening 21 times. The most recent transaction is an insider sale by Kirkhorn Zachary, the company’s Chief Financial Officer. SEC filings show that Kirkhorn Zachary sold 3,750 shares of the company’s common stock on Sep 12 at a price of $300.59 per share for a total of $1.13 million. Following the sale, the insider now owns 0.19 million shares.
Tesla Inc. disclosed in a document filed with the SEC on Sep 08 that Wilson-Thompson Kathleen (Director) sold a total of 26,250 shares of the company’s common stock. The trade occurred on Sep 08 and was made at $278.93 per share for $7.32 million. Following the transaction, the insider now directly holds 5400.0 shares of the TSLA stock.
Still, SEC filings show that on Sep 06, Baglino Andrew D (SVP Powertrain and Energy Eng.) disposed off 1,298 shares at an average price of $269.39 for $0.35 million. The insider now directly holds 62,988 shares of Tesla Inc. (TSLA).