With 79.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 87.59 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $389.49 whereas the lowest price it dropped to was $370.8. The 52-week range on TSLA shows that it touched its highest point at $375.43 and its lowest point at $138.80 during that stretch. It currently has a 1-year price target of $264.55. Beta for the stock currently stands at 2.35.
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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 12.77%, but this was up by 34.90% over a month. Three-month performance surged to 79.97% while six-month performance rose 119.30%. The stock gained 62.60% in the past year, while it has gained 56.64% so far this year. A look at the trailing 12-month EPS for TSLA yields 3.65 with Next year EPS estimates of 3.36. For the next quarter, that number is 0.76. This implies an EPS growth rate of -22.50% for this year and 38.82% for next year.
Float and Shares Shorts:
At present, 3.21 billion TSLA shares are outstanding with a float of 2.80 billion shares on hand for trading. On 2024-11-15, short shares totaled 76.44 million, which was 238.00000000000003 higher than short shares on 1728950400. 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 0.47907 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 2024-09-30, TSLA reported revenue of $25182000000.0 and operating income of $2772000000.0. The EBITDA in the recently reported quarter was $4279000000.0 and diluted EPS was $0.62.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TSLA since 38 analysts follow the stock currently. There are 23 analysts who recommend BUY ratings, while 4 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TSLA analysts setting a high price target of 421.0 and a low target of 116.0, the average target price over the next 12 months is 249.75786. Based on these targets, TSLA could surge 8.17% to reach the target high and fall by -70.2% to reach the target low. Reaching the average price target will result in a decline of -35.83% from current levels.
Analysts have provided yearly estimates in a range of $2.54536 being high and $2.25166 being low. For TSLA, this leads to a yearly average estimate of $2.41809. The surprise factor in the prior quarter was $0.62. Based on analyst estimates, the high estimate for the next quarter is $0.88 and the low estimate is $0.52. The average estimate for the next quarter is thus $0.71.
