In yesterday’s Wall Street session, Tesla Inc (NASDAQ:TSLA) shares traded at $172.63, up 1.05% from the previous session.
TSLA stock price is now -9.53% away from the 50-day moving average and -26.03% away from the 200-day moving average. The market capitalization of the company currently stands at $549.79B.
With the price target maintained at $195, Mizuho recently Downgraded its rating from Buy to Neutral for Tesla Inc (NASDAQ: TSLA). On March 18, 2024, Goldman reiterated its ‘Neutral’ rating on the stock by increasing its target price from $220 to quote $190, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, DENHOLM ROBYN M, Director sold 93,705 shares of the company’s stock on Mar 12 ’24. The stock was sold for $16,439,650 at an average price of $175.44. Upon completion of the transaction, the Director now directly owns 15,000 shares in the company, valued at $2.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, SVP, Automotive Zhu Xiaotong sold 687 shares of the business’s stock. A total of $121,716 was realized by selling the stock at an average price of $177.11. This leaves the insider owning 63,171 shares of the company worth $10.91 million. A total of 13.01% of the company’s stock is owned by insiders.
During the past 12 months, Tesla Inc has had a low of $152.37 and a high of $299.29. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 1.73, and a quick ratio of 1.25. According to the stock market information, the enterprise value for the company is $524.54B, which is based on a 40.12 price-to-earnings ratio, a 3.89 price-to-earnings-growth ratio, and a beta of 2.40. The fifty day moving average price for TSLA is $190.81 and a two-hundred day moving average price translates $233.37 for the stock.
The latest earnings results from Tesla Inc (NASDAQ: TSLA) was released for Dec, 2023. According to the Auto Manufacturers Company, earnings per share came in at $0.65, missing analysts’ expectations of $0.68 by -0.03. This compares to $1.06 EPS in the same period last year. The net profit margin was 15.50% and return on equity was 27.95% for TSLA. The company reported revenue of $25.17 billion for the quarter, compared to $24.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.49 percent. For the current quarter, analysts expect TSLA to generate $22.78B in revenue.
