In recent trading session, Tesla, Inc. (NASDAQ:TSLA) saw 23,399,424 shares changing hands with its beta currently measuring 1.92. Company’s recent per share price level of $386.4 trading at -$24.43 or -5.95% at recent trade assigns it a market valuation of $367.59 Billion. That current trading price of TSLA’s stock is at a discount of -30.04% from its 52-week high price of $502.49 and is indicating a premium of 83.99% from its 52-week low price of $61.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 29.58 Million shares which gives us an average trading volume of 64.38 Million if we extend that period to 3-months.
Tesla, Inc. (NASDAQ:TSLA) trade information
In the face of being in the red today for losing -5.95%, in the last five days TSLA remained trading in the green while hitting it’s week-highest on Tuesday, Oct 27 when the stock touched $430.5 price level, adding 10.33% to its value on the day. Tesla, Inc.’s shares saw a change of 361.41% in year-to-date performance and have moved -8.22% in past 5-day. Tesla, Inc. (NASDAQ:TSLA) showed a performance of -10.02% in past 30-days. Number of shares sold short was 52.96 Million shares which calculate 0.82 days to cover the short interests.
Tesla, Inc. (TSLA) estimates and forecasts
Statistics highlight that Tesla, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +192.9% of value to its shares in past 6 months, showing an annual growth rate of 7233.33% while that of industry is -20.6. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 114.6% in the current quarter and calculating 265.2% increase in the next quarter. This year revenue growth is estimated to rise 26.2% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $10.05 Billion for the same. And 8 analysts are in estimates of company making revenue of $9.36 Billion in the next quarter that will end in March 01, 2021. Company posted $7.38 Billion and $5.99 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 36.2% while estimating it to be 56.5% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -15.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 14.9% while estimates for its earnings growth in next 5 years are of 0%
Tesla, Inc. (NASDAQ:TSLA)’s Major holders
Insiders are in possession of 20.51% of company’s total shares while institution are holding 57.93% percent of that, with stock having share float percentage of 72.87%. Investors also watch the number of corporate investors in a company very closely, which is 1319 institutions for Tesla, Inc. that are currently holding shares of the company. Baillie Gifford and Company is the top institutional holder at TSLA for having 58.86 Million shares of worth $12.71 Billion. And as of June 29, 2020, it was holding 6.21% of the company’s outstanding shares.
The second largest institutional holder is Capital World Investors, which was holding about 53.39 Million shares on June 29, 2020. The number of shares represents firm’s hold over 5.63% of outstanding shares, having a total worth of $11.53 Billion.
On the other hand, Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 26701841 shares of worth $11.46 Billion or 2.82% of the total outstanding shares. The later fund manager was in possession of 21.15 Million shares on June 29, 2020, making its stake of worth around $4.57 Billion in the company or a holder of 2.23% of company’s stock.