These Numbers Show Favorable Signs for Tesla Inc (TSLA)

Tesla Inc (NASDAQ: TSLA) is -18.45% 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 $201.88 in the last trading session, with the day’s gains setting it 0.76%.

Currently trading at $202.64, the stock is 5.11% and -5.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 81.96 million and changing 0.38% at the moment leaves the stock -13.63% off its SMA200. TSLA registered -0.06% loss for a year compared to 6-month loss of -21.12%. The firm has a 50-day simple moving average (SMA 50) of $6.47 and a 200-day simple moving average (SMA200) of $42.30.

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The stock witnessed a 8.20% gain in the last 1 month and extending the period to 3 months gives it a -17.00%, and is 5.56% 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 3.75% over the week and 3.84% over the month.

Tesla Inc (TSLA) has around 140473 employees, a market worth around $645.37B and $96.77B in sales. Current P/E ratio is 47.09 and Fwd P/E is 47.80. Profit margin for the company is 15.50%. Distance from 52-week low is 32.99% and -32.29% 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 $0.67 with sales reaching $25.38B over the same period.The EPS is expected to shrink by -1.51% this year, but quarterly earnings will post 13.50% year-over-year.

Tesla Inc (TSLA) Top Institutional Holders

3,874 institutions hold shares in Tesla Inc (TSLA), with institutional investors hold 52.58% of the company’s shares. The shares outstanding are 3.19B, and float is at 2.77B with Short Float at 3.20%. Institutions hold 45.75% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 229.81 million shares valued at $46.57 billion. The investor’s holdings represent 7.22% of the TSLA Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 188.18 million shares valued at $38.13 billion to account for 5.91% of the shares outstanding. The other top investors are State Street Corporation which holds 108.87 million shares representing 3.42% and valued at over $22.06 billion, while Geode Capital Management, LLC holds 1.74% of the shares totaling 55.26 million with a market value of $11.2 billion.

Tesla Inc (TSLA) Insider Activity

A total of 14 insider transactions have happened at Tesla Inc (TSLA) in the last six months, with sales accounting for 7 and purchases happening 7 times. The most recent transaction is an insider sale by DENHOLM ROBYN M,the company’sDirector. SEC filings show that DENHOLM ROBYN M sold 93,706 shares of the company’s common stock on Feb 21 at a price of $194.73 per share for a total of $18.25 million. Following the sale, the insider now owns 15000.0 shares.

Tesla Inc disclosed in a document filed with the SEC on Dec 14 that Taneja Vaibhav (Chief Financial Officer) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Dec 14 and was made at $250.00 per share for $1.0 million. Following the transaction, the insider now directly holds 0.1 million shares of the TSLA stock.

Still, SEC filings show that on Dec 06, Baglino Andrew D (SVP Powertrain and Energy Eng.) disposed off 1,298 shares at an average price of $244.34 for $0.32 million. The insider now directly holds 69,390 shares of Tesla Inc (TSLA).