Tesla Inc (NASDAQ: TSLA) is 5.65% higher on its value in year-to-date trading and has touched a low of $138.80 and a high of $271.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TSLA stock was last observed hovering at around $269.19 in the last trading session, with the day’s loss setting it -6.68%.
Currently trading at $262.51, the stock is 11.11% and 13.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 106.59 million and changing -2.48% at the moment leaves the stock 30.12% off its SMA200. TSLA registered 27.58% gain for a year compared to 6-month gain of 35.28%. The firm has a 50-day simple moving average (SMA 50) of $231.4972 and a 200-day simple moving average (SMA200) of $201.74805.
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The stock witnessed a 0.79% loss in the last 1 month and extending the period to 3 months gives it a 17.92%, and is 19.95% 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 4.47% over the week and 3.63% over the month.
Tesla Inc (TSLA) has around 140473 employees, a market worth around $842.67B and $97.15B in sales. Current P/E ratio is 71.91 and Fwd P/E is 80.18. Profit margin for the company is 13.12%. Distance from 52-week low is 89.12% and -3.13% from its 52-week high. The company has generated returns on investments over the last 12 months (16.00%).
with sales reaching $27.2B over the same period.The EPS is expected to shrink by -23.53% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to grow 8.10% in year-over-year returns.
Tesla Inc (TSLA) Top Institutional Holders
3839.0 institutions hold shares in Tesla Inc (TSLA), with institutional investors hold 54.07% of the company’s shares. The shares outstanding are 3.19B, and float is at 2.79B with Short Float at 2.84%. Institutions hold 47.05% 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 Taneja Vaibhav, the company’s Chief Financial Officer. SEC filings show that Taneja Vaibhav sold 4,000 shares of the company’s common stock on Oct 24 ’24 at a price of $250.00 per share for a total of $1.0 million. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Sep 23 ’24, Taneja Vaibhav (Chief Financial Officer) disposed off 8,000 shares at an average price of $250.00 for $2.0 million. The insider now directly holds 105,032 shares of Tesla Inc (TSLA).
