In the last trading session, 83.39 million Tesla Inc (NASDAQ:TSLA) shares changed hands as the company’s beta touched 2.35. With the company’s per share price at $396.36 changed hands at -$6.95 or -1.72% during last session, the market valuation stood at $1272.34B. TSLA’s last price was a discount, traded about -23.26% off its 52-week high of $488.54. The share price had its 52-week low at $138.80, which suggests the last value was 64.98% up since then. When we look at Tesla Inc’s average trading volume, we note the 10-day average is 79.37 million shares, with the 3-month average coming to 92.11 million.
Analysts gave the Tesla Inc (TSLA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.72. If we narrow down to specifics, the data shows that 4 out of 38 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 11 recommended TSLA as a Hold, 23 felt it is a Buy and 0 rated the stock as Underweight.
Tesla Inc (NASDAQ:TSLA) trade information
Instantly TSLA was in red as seen at the end of in last trading. With action -3.57%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -1.85%, with the 5-day performance at -3.57% in the red. However, in the 30-day time frame, Tesla Inc (NASDAQ:TSLA) is -6.69% down. Looking at the short shares, we see there were 67.38 million shares sold at short interest cover period of 0.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 256.5, meaning bulls need a downside of -54.53% from its current market value. According to analyst projections, TSLA’s forecast low is 88 with 515 as the target high. To hit the forecast high, the stock’s price needs a -29.93% plunge from its current level, while the stock would need to tank 77.8% for it to hit the projected low.
Tesla Inc (TSLA) estimates and forecasts
Data shows that the Tesla Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 56.89% over the past 6 months, a -21.15% in annual growth rate that is considerably lower than the industry average of -9.50%.
The 2025 estimates are for Tesla Inc earnings to decrease by -21.89%, but the outlook for the next 5-year period is at 0.92% per year.
TSLA Dividends
Tesla Inc is expected to release its next quarterly earnings report in February.
Tesla Inc (NASDAQ:TSLA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.90% of Tesla Inc shares while 47.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.00%. There are 47.90% institutions holding the Tesla Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.4584% of the shares, roughly 237.62 million TSLA shares worth $47.02 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.9662% or 190.08 million shares worth $37.61 billion as of 2024-06-30.
