Tesla Inc (NASDAQ: TSLA) is -15.24% lower on its value in year-to-date trading and has touched a low of $138.80 and a high of $278.98 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 $214.11 in the last trading session, with the day’s loss setting it -3.51%.
Currently trading at $210.60, the stock is 0.92% and -4.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 76.26 million and changing -1.64% at the moment leaves the stock 3.68% off its SMA200. TSLA registered -18.40% loss for a year compared to 6-month gain of 11.94%.
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The stock witnessed a 1.41% loss in the last 1 month and extending the period to 3 months gives it a 19.46%, and is -1.22% 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 4.33% over the week and 4.78% over the month.
Tesla Inc (TSLA) has around 140473 employees, a market worth around $672.79B and $95.32B in sales. Current P/E ratio is 59.15 and Fwd P/E is 66.41. Profit margin for the company is 13.04%. Distance from 52-week low is 51.73% and -24.51% from its 52-week high. The company has generated returns on investments over the last 12 months (16.36%).
The EPS is expected to shrink by -28.20% this year.
Tesla Inc (TSLA) Top Institutional Holders
3763.0 institutions hold shares in Tesla Inc (TSLA), with institutional investors hold 54.17% of the company’s shares. The shares outstanding are 3.19B, and float is at 2.78B with Short Float at 2.95%. Institutions hold 47.13% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 237.62 million shares valued at $47.02 billion. The investor’s holdings represent 7.4584% of the TSLA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 190.08 million shares valued at $$37.61 billion to account for 5.9662 of the shares outstanding. The other top investors are STATE STREET CORP which holds 113.97 million shares representing 3.5772% and valued at over $22.55 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 1.8309 of the shares totaling 58.33 million with a market value of $11.51 billion.
Tesla Inc (TSLA) Insider Activity
The most recent transaction is an insider sale by DENHOLM ROBYN M,the company’sDirector. SEC filings show that DENHOLM ROBYN M sold 66,364 shares of the company’s common stock on Jul 25 ’24 at a price of $219.96 per share for a total of $14.6 million. Following the sale, the insider now owns 85000.0 shares.
Tesla Inc disclosed in a document filed with the SEC on Jun 06 ’24 that Zhu Xiaotong (SVP, Automotive) sold a total of 650 shares of the company’s common stock. The trade occurred on Jun 06 ’24 and was made at $174.21 per share for $0.11 million. Following the transaction, the insider now directly holds 65155.0 shares of the TSLA stock.
Still, SEC filings show that on May 06 ’24, DENHOLM ROBYN M (Director) disposed off 93,705 shares at an average price of $184.86 for $17.32 million. The insider now directly holds 15,000 shares of Tesla Inc (TSLA).
