Tesla Inc (NASDAQ: TSLA) is -2.88% lower on its value in year-to-date trading and has touched a low of $138.80 and a high of $488.54 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 $383.68 in the last trading session, with the day’s gains setting it 8.53%.
Currently trading at $392.21, the stock is -3.00% and -1.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 56.71 million and changing 2.22% at the moment leaves the stock 48.32% off its SMA200. TSLA registered 107.67% gain for a year compared to 6-month gain of 88.86%. The firm has a 50-day simple moving average (SMA 50) of $399.087 and a 200-day simple moving average (SMA200) of $263.24536.
The stock witnessed a 3.41% loss in the last 1 month and extending the period to 3 months gives it a 56.98%, and is -1.48% 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 4.58% over the week and 5.02% over the month.
Tesla Inc (TSLA) has around 125665 employees, a market worth around $1261.55B and $97.69B in sales. Current P/E ratio is 192.42 and Fwd P/E is 102.03. Profit margin for the company is 7.30%. Distance from 52-week low is 182.57% and -19.72% from its 52-week high. The company has generated returns on investments over the last 12 months (8.56%).
with sales reaching $23.88B over the same period.The EPS is expected to grow by 21.90% this year, but quarterly earnings will post 14.85% year-over-year. Quarterly sales are estimated to grow 12.10% in year-over-year returns.
Tesla Inc (TSLA) Top Institutional Holders
4218.0 institutions hold shares in Tesla Inc (TSLA), with institutional investors hold 54.82% of the company’s shares. The shares outstanding are 3.22B, and float is at 2.80B with Short Float at 2.26%. Institutions hold 47.74% 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
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Still, SEC filings show that on Jan 06 ’25, Taneja Vaibhav (Chief Financial Officer) disposed off 7,000 shares at an average price of $413.56 for $2.89 million. The insider now directly holds 108,965 shares of Tesla Inc (TSLA).
