Tesla Inc (NASDAQ:TSLA)’s traded shares stood at 25.14 million during the latest session, with the company’s beta value hitting 2.33. At the last check today, the stock’s price was $430.86, to imply a decrease of -5.12% or -$23.27 in intraday trading. The TSLA share’s 52-week high remains $488.54, putting it -13.39% down since that peak but still an impressive 67.79% since price per share fell to its 52-week low of $138.80. The company has a valuation of $1383.07B, with an average of 103.08 million shares in intraday trading volume over the past 10 days and average of 92.60 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Tesla Inc (TSLA), translating to a mean rating of 2.67. Of 38 analyst(s) looking at the stock, 4 analyst(s) give TSLA a Sell rating. 0 of those analysts rate the stock as Overweight while 11 advise Hold as 23 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.76.
Tesla Inc (NASDAQ:TSLA) trade information
After registering a -5.12% downside in the latest session, Tesla Inc (TSLA) has traded red over the past five days. The 5-day price performance for the stock is -1.22%, and 27.39% over 30 days. With these gigs, the year-to-date price performance is 73.40%. Short interest in Tesla Inc (NASDAQ:TSLA) saw shorts transact 77.19 million shares and set a 0.77 days time to cover.
The extremes give us $88 and $515 for target low and target high price respectively. As such, TSLA has been trading -19.53% off suggested target high and 79.58% from its likely low.
Tesla Inc (TSLA) estimates and forecasts
Looking at statistics comparing Tesla Inc share performance against respective industry, we note that the company has underperformed competitors. Tesla Inc (TSLA) shares are 117.74% up over the last 6 months, with its year-to-date growth rate lower than industry average at -20.83% against -9.40%. The rating firms project that company’s revenue will grow 3.05% compared to the previous financial year.
Revenue forecast for the current quarter as set by 29 analysts is 27.37B. Meanwhile, for the current quarter, a total of 14 analyst(s) estimate revenue growth to 25.98B.Earnings reports from the last fiscal year show that sales brought in 25.17B and 21.3B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 8.76% before jumping 21.97% in the following quarter.
TSLA Dividends
Tesla Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Tesla Inc (NASDAQ:TSLA)’s Major holders
Tesla Inc insiders hold 12.91% of total outstanding shares, with institutional holders owning 47.90% of the shares at 55.01% float percentage. In total, 47.90% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 237.62 million shares (or 7.4584% of shares), all amounting to roughly $47.02 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 190.08 million shares, or about 5.9662% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $37.61 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Tesla Inc (TSLA) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 86.08 shares. This is just over 2.68% of the total shares, with a market valuation of $37.32 billion. Data from the same date shows that the other fund manager holds a little less at 72.67, or 2.26% of the shares, all valued at about 31.51 billion.
