Tesla Inc (NASDAQ:TSLA) shares traded -0.32% lower at $175.22 on Wall Street last session.
TSLA stock price is now -6.45% away from the 50-day moving average and -24.52% away from the 200-day moving average. The market capitalization of the company currently stands at $558.04B.
With the price target reduced from $315 to $300, Wedbush maintained Outperform rating for Tesla Inc (NASDAQ: TSLA). On March 28, 2024, Deutsche Bank reiterated its ‘Buy’ rating on the stock by increasing its target price from $218 to quote $200, while ‘Citigroup’ rates the stock as ‘Neutral’
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 $2.63 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 $11.07 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 $540.33B, which is based on a 40.72 price-to-earnings ratio, a 2.66 price-to-earnings-growth ratio, and a beta of 2.39. The fifty day moving average price for TSLA is $187.29 and a two-hundred day moving average price translates $232.14 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 $0.66, missing analysts’ expectations of $0.69 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 $24.07B in revenue.
