During the last session, Tesla Inc (NASDAQ:TSLA)’s traded shares were 25.52 million, with the beta value of the company hitting 2.34. At the end of the trading day, the stock’s price was $335.47, reflecting an intraday loss of -1.92% or -$6.56. The 52-week high for the TSLA share is $358.64, that puts it down -6.91 from that peak though still a striking 58.63% gain since the share price plummeted to a 52-week low of $138.80. The company’s market capitalization is $1076.88B, and the average intraday trading volume over the past 10 days was 133.04 million shares, and the average trade volume was 88.57 million shares over the past three months.
Tesla Inc (TSLA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.74. TSLA has a Sell rating from 4 analyst(s) out of 38 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 23 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.75.
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Tesla Inc (NASDAQ:TSLA) trade information
Tesla Inc (TSLA) registered a -1.92% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.92% in intraday trading to $335.47, hitting a weekly high. The stock’s 5-day price performance is 7.81%, and it has moved by 57.02% in 30 days. Based on these gigs, the overall price performance for the year is 39.08%. The short interest in Tesla Inc (NASDAQ:TSLA) is 77.94 million shares and it means that shorts have 0.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $258, which implies a decrease of -30.03% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $85 and $600 respectively. As a result, TSLA is trading at a discount of -78.85% off the target high and 74.66% off the low.
Tesla Inc (TSLA) estimates and forecasts
Statistics show that Tesla Inc has underperformed its competitors in share price, compared to the industry in which it operates. Tesla Inc (TSLA) shares have gone up 93.09% during the last six months, with a year-to-date growth rate less than the industry average at -20.83% against -8.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 6.31% this quarter and then jump 54.41% in the quarter after that. In the rating firms’ projections, revenue will increase 3.31% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 27.41B as predicted by 29 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 25.87B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 25.17B and 21.3B respectively. In this case, analysts expect current quarter sales to grow by 8.91% and then jump by 21.46% in the coming quarter.
While earnings are projected to return -22.57% in 2024, the next five years will return 8.01% per annum.
TSLA Dividends
Tesla Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Tesla Inc (NASDAQ:TSLA)’s Major holders
Tesla Inc insiders own 12.91% of total outstanding shares while institutional holders control 47.84%, with the float percentage being 54.94%. VANGUARD GROUP INC is the largest shareholder of the company, while 3983.0 institutions own stock in it. As of 2024-06-30, the company held over 237.62 million shares (or 7.4584% of all shares), a total value of $47.02 billion in shares.
The next largest institutional holding, with 190.08 million shares, is of BLACKROCK INC.’s that is approximately 5.9662% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $37.61 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Tesla Inc (TSLA) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 85.65 shares. This amounts to just over 2.67 percent of the company’s overall shares, with a $29.16 billion market value. The same data shows that the other fund manager holds slightly less at 71.21, or about 2.22% of the stock, which is worth about $24.24 billion.
