With 66.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 80.62 million shares. The 52-week range on TSLA shows that it touched its highest point at $488.54 and its lowest point at $138.80 during that stretch. It currently has a 1-year price target of $379.31. Beta for the stock currently stands at 2.46.
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 9.76%, but this was down by -15.46% over a month. Three-month performance surged to 15.87% while six-month performance rose 66.83%. The stock gained 79.88% in the past year, while it has lost -10.72% so far this year. A look at the trailing 12-month EPS for TSLA yields 2.04 with Next year EPS estimates of 3.87. For the next quarter, that number is 0.55. This implies an EPS growth rate of 20.88% for this year and 32.31% for next year.
Float and Shares Shorts:
At present, 3.22 billion TSLA shares are outstanding with a float of 2.80 billion shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.60446 being high and $2.30394 being low. For TSLA, this leads to a yearly average estimate of $2.4542. Based on analyst estimates, the high estimate for the next quarter is $0.9 and the low estimate is $0.35. The average estimate for the next quarter is thus $0.68.
