These Numbers Show Favorable Signs for Tesla Inc (TSLA)

Tesla Inc (NASDAQ: TSLA) is -22.10% lower on its value in year-to-date trading and has touched a low of $152.37 and a high of $299.29 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 $90.71M in the last trading session, with the day’s gains setting it 98.85%.

Currently trading at $189.56, the stock is -2.81% and 3.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 116.74 and changing 193.57% at the moment leaves the stock Jan 24 AMC off its SMA200. TSLA registered -3.84% loss for a year compared to 6-month loss of -21.10%. The firm has a 50-day simple moving average (SMA 50) of $6.17 and a 200-day simple moving average (SMA200) of $40.35.

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The stock witnessed a -17.26% gain in the last 1 month and extending the period to 3 months gives it a -12.85%, and is 3.01% up 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 4.08% over the week and 3.86% over the month.

Current P/E ratio is 44.98 and Fwd P/E is 45.78. Profit margin for the company is 15.50%. Distance from 52-week low is 27.04% and -35.32% from its 52-week high. The company has generated returns on investments over the last 12 months (21.69%).

Tesla Inc quarterly earnings per share for the current quarter are estimated at $0.68 with sales reaching $25.47B over the same period.The EPS is expected to shrink by -1.36% this year, but quarterly earnings will post 13.80% year-over-year.

Tesla Inc (TSLA) Top Institutional Holders

3,763 institutions hold shares in Tesla Inc (TSLA), with institutional investors hold 51.62% of the company’s shares. The shares outstanding are 3.19B, and float is at 2.77B with Short Float at 3.28%. Institutions hold 44.91% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 225.94 million shares valued at $43.74 billion. The investor’s holdings represent 7.09% of the TSLA Shares outstanding. As of Sep 29, 2023, the second largest holder is Blackrock Inc. with 186.65 million shares valued at $36.13 billion to account for 5.86% of the shares outstanding. The other top investors are State Street Corporation which holds 104.86 million shares representing 3.29% and valued at over $20.3 billion, while Geode Capital Management, LLC holds 1.69% of the shares totaling 53.88 million with a market value of $10.43 billion.

Tesla Inc (TSLA) Insider Activity

A total of 17 insider transactions have happened at Tesla Inc (TSLA) in the last six months, with sales accounting for 9 and purchases happening 8 times. The most recent transaction is an insider sale by Taneja Vaibhav ,the company’sChief Financial Officer. SEC filings show that Taneja Vaibhav sold 4,000 shares of the company’s common stock on Dec 14 at a price of $250.00 per share for a total of $1.0 million. Following the sale, the insider now owns 0.1 million shares.

Tesla Inc disclosed in a document filed with the SEC on Dec 06 that Baglino Andrew D (SVP Powertrain and Energy Eng.) sold a total of 1,298 shares of the company’s common stock. The trade occurred on Dec 06 and was made at $244.34 per share for $0.32 million. Following the transaction, the insider now directly holds 69390.0 shares of the TSLA stock.

Still, SEC filings show that on Dec 06, Zhu Xiaotong (SVP, Automotive) disposed off 1,049 shares at an average price of $244.34 for $0.26 million. The insider now directly holds 61,124 shares of Tesla Inc (TSLA).

Tesla Inc (TSLA): Who are the competitors?

Volkswagen AG Non-Vtg Pfd. (VOW3) that is -6.82% lower over the same period.