Tesla, Inc. (NASDAQ:TSLA) has a beta value of 1.95 and has seen 18,518,857 shares traded in the recent trading session. The company, currently valued at $661.91 Billion, closed the recent trade at $684.57 per share which meant it lost -$24.87 on the day or -3.51% during that session. The TSLA stock price is -31.53% off its 52-week high price of $900.4 and 84.45% above the 52-week low of $106.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30.11 Million shares traded. The 3-month trading volume is 34.33 Million shares.
The consensus among analysts is that Tesla, Inc. (TSLA) is a Hold stock at the moment, with a recommendation rating of 2.8. 7 analysts rate the stock as a Sell, while 1 rate it as Overweight. 13 out of 37 have rated it as a Hold, with 14 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is $0.95.
Tesla, Inc. (NASDAQ:TSLA) trade information
Despite being -3.51% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the TSLA stock price touched $724 or saw a rise of 5.29%. Year-to-date, Tesla, Inc. shares have moved -2.83%, while the 5-day performance has seen it change -7.11%. Over the past 30 days, the shares of Tesla, Inc. (NASDAQ:TSLA) have changed 3.62%. Short interest in the company has seen 51.18 Million shares shorted with days to cover at 1.49.
Wall Street analysts have a consensus price target for the stock at $682.97, which means that the shares’ value could jump -0.23% from the levels at last check today. The projected low price target is $67 while the price target rests at a high of $1200. In that case, then, we find that the latest price level in today’s session is +75.29% off the targeted high while a plunge would see the stock lose -90.21% from the levels at last check today.
Tesla, Inc. (TSLA) estimates and forecasts
Figures show that Tesla, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +74.73% over the past 6 months, with this year growth rate of 88.84%, compared to 17.3% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 115.9% and 53.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be +56.2%.
21 analysts offering their estimates for the company have set an average revenue estimate of $11.26 Billion for the current quarter. 20 have an estimated revenue figure of $12.79 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $6.04 Billion and $8.77 Billion respectively for this quarter and the next, and analysts expect sales will grow by 86.5% for the current quarter and 45.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +19.7% over the past 5 years. Earnings growth for 2021 is a modest +165% while over the next 5 years, the company’s earnings are expected to increase by 44.52%.
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Tesla, Inc. (NASDAQ:TSLA)’s Major holders
Insiders own 19.66% of the company shares, while shares held by institutions stand at 45.87% with a share float percentage of 57.09%. Investors are also buoyed by the number of investors in a company, with Tesla, Inc. having a total of 2601 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 57.81 Million shares worth more than $40.8 Billion. As of December 30, 2020, Vanguard Group, Inc. (The) held 6.02% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 50.08 Million shares as of December 30, 2020. The firm’s total holdings are worth over $35.34 Billion and represent 5.22% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund. As of March 30, 2021, the former fund manager holds about 2.39% shares in the company for having 22926557 shares of worth $15.31 Billion while later fund manager owns 21.37 Million shares of worth $15.08 Billion as of December 30, 2020, which makes it owner of about 2.23% of company’s outstanding stock.