In the last trading session, 86.53 million Tesla Inc (NASDAQ:TSLA) shares changed hands as the company’s beta touched 2.30. With the company’s per share price at $258.02 changed hands at -$3.61 or -1.38% during last session, the market valuation stood at $824.28B. TSLA’s last price was a discount, traded about -5.03% off its 52-week high of $271.00. The share price had its 52-week low at $138.80, which suggests the last value was 46.21% up since then. When we look at Tesla Inc’s average trading volume, we note the 10-day average is 82.7 million shares, with the 3-month average coming to 96.51 million.
Analysts gave the Tesla Inc (TSLA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 4 out of 38 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 11 recommended TSLA as a Hold, 23 felt it is a Buy and 0 rated the stock as Underweight. Tesla Inc’s EPS for the current quarter is expected to be 0.59.
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Tesla Inc (NASDAQ:TSLA) trade information
Instantly TSLA was in red as seen at the end of in last trading. With action 1.47%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 3.84%, with the 5-day performance at 1.47% in the green. However, in the 30-day time frame, Tesla Inc (NASDAQ:TSLA) is 20.51% up. Looking at the short shares, we see there were 77.22 million shares sold at short interest cover period of 1.0 days.
The consensus price target for the stock as assigned by Wall Street analysts is 230, meaning bulls need a downside of -12.18% from its current market value. According to analyst projections, TSLA’s forecast low is 85 with 600 as the target high. To hit the forecast high, the stock’s price needs a -132.54% plunge from its current level, while the stock would need to tank 67.06% for it to hit the projected low.
Tesla Inc (TSLA) estimates and forecasts
Data shows that the Tesla Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 54.85% over the past 6 months, a -27.24% in annual growth rate that is considerably lower than the industry average of -3.70%. Year-over-year growth is forecast to reach 2.10% up from the last financial year.
Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of 25.57B. 23 analysts are of the opinion that Tesla Inc’s revenue for the current quarter will be 26.96B. The company’s revenue for the corresponding quarters a year ago was 22.09B and 25.17B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.80%. The estimates for the next quarter sales put growth at 7.10%.
The 2024 estimates are for Tesla Inc earnings to decrease by -28.22%, but the outlook for the next 5-year period is at 1.45% per year.
TSLA Dividends
Tesla Inc is expected to release its next quarterly earnings report in November.
Tesla Inc (NASDAQ:TSLA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.00% of Tesla Inc shares while 47.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.09%. There are 47.06% institutions holding the Tesla Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.4584% of the shares, roughly 237.62 million TSLA shares worth $47.02 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.9662% or 190.08 million shares worth $37.61 billion as of 2024-06-30.
