With 59.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 97.53 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $232.664 whereas the lowest price it dropped to was $226.32. The 52-week range on TSLA shows that it touched its highest point at $278.98 and its lowest point at $138.80 during that stretch. It currently has a 1-year price target of $218.00. Beta for the stock currently stands at 2.28.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TSLA was up-trending over the past week, with a rise of 9.28%, but this was up by 14.36% over a month. Three-month performance surged to 26.21% while six-month performance rose 41.72%. The stock lost -15.12% in the past year, while it has lost -7.32% so far this year. A look at the trailing 12-month EPS for TSLA yields 3.56 with Next year EPS estimates of 3.17. For the next quarter, that number is 0.61. This implies an EPS growth rate of -28.37% for this year and 41.92% for next year.
Float and Shares Shorts:
At present, 3.19 billion TSLA shares are outstanding with a float of 2.78 billion shares on hand for trading. On 2024-08-30, short shares totaled 78.7 million, which was 246.00000999999997 higher than short shares on 1722384000. In addition to Mr. Elon R. Musk as the firm’s Co-Founder, Technoking of Tesla, CEO & Director, Mr. Vaibhav Taneja serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.47092998 of TSLA’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, TSLA reported revenue of $25500000000.0 and operating income of $2227000000.0. The EBITDA in the recently reported quarter was $3873000000.0 and diluted EPS was $0.42.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TSLA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
