Tesla Inc (NASDAQ:TSLA) has a beta value of 2.35 and has seen 25.4 million shares traded in the last trading session. The company, currently valued at $1271.60B, closed the last trade at $396.13 per share which meant it gained $1.77 on the day or 0.45% during that session. The TSLA stock price is -23.33% off its 52-week high price of $488.54 and 64.96% 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 79.92 million shares traded. The 3-month trading volume is 92.95 million shares.
The consensus among analysts is that Tesla Inc (TSLA) is Buy stock at the moment, with a recommendation rating of 2.69. 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.
Tesla Inc (NASDAQ:TSLA) trade information
Sporting 0.45% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TSLA stock price touched $396.13 or saw a rise of 7.11%. Year-to-date, Tesla Inc shares have moved -1.91%, while the 5-day performance has seen it change -1.91%. Over the past 30 days, the shares of Tesla Inc (NASDAQ:TSLA) have changed 1.78%. Short interest in the company has seen 80.77 million shares shorted with days to cover at 0.95.
Wall Street analysts have a consensus price target for the stock at $258, which means that the shares’ value could drop -53.54% from current levels. 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 current price level is -30.01% off the targeted high while a plunge would see the stock lose 77.79% from current levels.
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 50.47% over the past 6 months, with this year growth rate of -21.15%, compared to -9.50% for the industry. Revenue growth from the last financial year stood is estimated to be 2.94%.
29 analysts offering their estimates for the company have set an average revenue estimate of 27.15B for the current quarter. 14 have an estimated revenue figure of 25.9B 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 7.88% for the current quarter and 2.94% for the next.
Earnings growth for 2025 is a modest -22.04% 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 February 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 12.90% of the company shares, while shares held by institutions stand at 47.88% with a share float percentage of 54.98%. Investors are also buoyed by the number of investors in a company, with Tesla Inc having a total of 4002.0 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.
