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Will Tesla Inc (TSLA) benefit from Wall Street bulls Calls?

Tesla Inc (NASDAQ: TSLA) is -30.06% lower on its value in year-to-date trading and has touched a low of $138.80 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 $177.48 in the last trading session, with the day’s loss setting it -3.69%.

Currently trading at $173.79, the stock is -1.54% and 0.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 50.56 million and changing -2.08% at the moment leaves the stock -17.59% off its SMA200. TSLA registered -26.00% loss for a year compared to 6-month loss of -28.38%.

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The stock witnessed a 1.06% gain in the last 1 month and extending the period to 3 months gives it a -2.24%, and is -1.42% 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 2.76% over the week and 3.50% over the month.

Tesla Inc (TSLA) has around 140473 employees, a market worth around $554.25B and $94.75B in sales. Current P/E ratio is 44.41 and Fwd P/E is 52.78. Profit margin for the company is 14.41%. Distance from 52-week low is 25.21% and -41.93% from its 52-week high. The company has generated returns on investments over the last 12 months (19.19%).

The EPS is expected to shrink by -22.60% this year.

Tesla Inc (TSLA) Top Institutional Holders

The shares outstanding are 3.19B, and float is at 2.77B with Short Float at 3.78%.

Tesla Inc (TSLA) Insider Activity

The most recent transaction is an insider sale by Zhu Xiaotong,the company’sSVP, Automotive. SEC filings show that Zhu Xiaotong sold 650 shares of the company’s common stock on Jun 06 ’24 at a price of $174.21 per share for a total of $0.11 million. Following the sale, the insider now owns 65155.0 shares.

Tesla Inc disclosed in a document filed with the SEC on May 06 ’24 that DENHOLM ROBYN M (Director) sold a total of 93,705 shares of the company’s common stock. The trade occurred on May 06 ’24 and was made at $184.86 per share for $17.32 million. Following the transaction, the insider now directly holds 15000.0 shares of the TSLA stock.

Still, SEC filings show that on Apr 01 ’24, Baglino Andrew D (SVP Powertrain and Energy Eng.) disposed off 10,500 shares at an average price of $176.20 for $1.85 million. The insider now directly holds 31,230 shares of Tesla Inc (TSLA).

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