In recent trading session, Tesla Inc (NASDAQ:TSLA) saw 7.43 million shares changing hands at last check today with its beta currently measuring 2.35. Company’s recent per share price level of $339.09 trading at $6.2 or 1.86% at last check today assigns it a market valuation of $1088.50B. That most recent trading price of TSLA’s stock is at a discount of -6.74% from its 52-week high price of $361.93 and is indicating a premium of 59.07% from its 52-week low price of $138.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 88.01 million shares which gives us an average trading volume of 88.72 million if we extend that period to 3-months.
For Tesla Inc (TSLA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.74. Splitting up the data highlights that, out of 38 analysts covering the stock, 4 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 11 suggested the stock as a Hold whereas 23 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.75 in the current quarter.
Tesla Inc (NASDAQ:TSLA) trade information
Upright in the green today for gaining 1.86%, in the last five days TSLA remained trading in the red while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $339.09 price level, adding 6.31% to its value on the day. Tesla Inc’s shares saw a change of 36.47% in year-to-date performance and have moved -0.16% in past 5-day. Tesla Inc (NASDAQ:TSLA) showed a performance of 31.66% in past 30-days. Number of shares sold short was 76.44 million shares which calculate 0.74 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 258 to the stock, which implies a fall of -31.43% to its recent value today. Analysts have been projecting 85 as a low price target for the stock while placing it at a high target of 600. It follows that stock’s current price would jump 74.93% in reaching the projected high whereas dropping to the targeted low would mean a gain of 74.93% for stock’s current value.
Tesla Inc (TSLA) estimates and forecasts
Statistics highlight that Tesla Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 90.41% of value to its shares in past 6 months, showing an annual growth rate of -20.83% while that of industry is -12.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.31% from the last financial year’s standing.
29 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 27.41B for the same. And 14 analysts are in estimates of company making revenue of 25.87B in the next quarter. Company posted 25.17B and 21.3B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -22.55% while estimates for its earnings growth in next 5 years are of 1.00%.
Tesla Inc (NASDAQ:TSLA)’s Major holders
Insiders are in possession of 12.91% of company’s total shares while institution are holding 47.91 percent of that, with stock having share float percentage of 55.01%. Investors also watch the number of corporate investors in a company very closely, which is 47.91% institutions for Tesla Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at TSLA for having 237.62 million shares of worth $47.02 billion. And as of 2024-06-30, it was holding 7.4584 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 190.08 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.9662 of outstanding shares, having a total worth of $37.61 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 85.65 shares of worth $29.07 billion or 2.67% of the total outstanding shares. The later fund manager was in possession of 72.67 shares on Sep 30, 2024 , making its stake of worth around $24.66 billion in the company or a holder of 2.26% of company’s stock.
