Tesla Inc (NASDAQ:TSLA) has a beta value of 2.33 and has seen 35.19 million shares traded in the recent trading session. The company, currently valued at $1530.23B, closed the recent trade at $476.70 per share which meant it lost -$3.16 on the day or -0.66% during that session. The TSLA stock price is -1.53% off its 52-week high price of $483.99 and 70.88% above the 52-week low of $138.80. If we look at the company’s 10-day average daily trading volume, we find that it stood at 93.3 million shares traded. The 3-month trading volume is 90.83 million shares.
The consensus among analysts is that Tesla Inc (TSLA) is Buy stock at the moment, with a recommendation rating of 2.67. 4 analysts rate the stock as a Sell, while 0 rate it as Overweight. 11 out of 38 have rated it as a Hold, with 23 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.76.
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Tesla Inc (NASDAQ:TSLA) trade information
Sporting -0.66% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TSLA stock price touched $476.70 or saw a rise of 1.51%. Year-to-date, Tesla Inc shares have moved 91.85%, while the 5-day performance has seen it change 12.23%. Over the past 30 days, the shares of Tesla Inc (NASDAQ:TSLA) have changed 40.73%. Short interest in the company has seen 77.19 million shares shorted with days to cover at 0.77.
Wall Street analysts have a consensus price target for the stock at $256.5, which means that the shares’ value could drop -85.85% from the levels at last check today. The projected low price target is $88.0 while the price target rests at a high of $515.0. In that case, then, we find that the latest price level in today’s session is -8.03% off the targeted high while a plunge would see the stock lose 81.54% from the levels at last check today.
Tesla Inc (TSLA) estimates and forecasts
Figures show that Tesla Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 162.54% over the past 6 months, with this year growth rate of -20.83%, compared to -10.90% for the industry. Revenue growth from the last financial year stood is estimated to be 3.12%.
29 analysts offering their estimates for the company have set an average revenue estimate of 27.42B for the current quarter. 14 have an estimated revenue figure of 25.98B for the next ending quarter. Year-ago sales stood 25.17B and 21.3B respectively for this quarter and the next, and analysts expect sales will grow by 8.95% for the current quarter and 3.12% for the next.
Earnings growth for 2024 is a modest -22.45% while over the next 5 years, the company’s earnings are expected to increase by 0.92%.
TSLA Dividends
Tesla Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Tesla Inc (NASDAQ:TSLA)’s Major holders
Insiders own 12.91% of the company shares, while shares held by institutions stand at 47.91% with a share float percentage of 55.01%. Investors are also buoyed by the number of investors in a company, with Tesla Inc having a total of 4005.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 237.62 million shares worth more than $47.02 billion. As of 2024-06-30, VANGUARD GROUP INC held 7.4584% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 190.08 million shares as of 2024-06-30. The firm’s total holdings are worth over $37.61 billion and represent 5.9662% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.68% shares in the company for having 86.08 shares of worth $41.01 billion while later fund manager owns 72.67 shares of worth $34.62 billion as of Sep 30, 2024, which makes it owner of about 2.26% of company’s outstanding stock.
