Tesla Inc. (NASDAQ:TSLA) does about 13.79M shares in volume on a normal day but saw 19989041 shares change hands in Monday trading. The company now has a market cap of 366.54B USD. Its current market price is $2014.20, marking a decrease of -1.75% compared to the previous close of $2049.98. The 52 week high reached by this stock is $2095.49 whilst the lowest price level in 52 weeks is $211.00. The script in recent trading has seen the stock touch a high of $2,129.00 and a low of $1,927.52.
Tesla Inc. (TSLA) has a 20-day trading average at $1,628.99 and the current price is -3.88% off the 52-week high compared with 854.60% distance from its 52-week low. The 50-day simple moving average of the closing price is $1,415.41 and its 200-day simple moving average is $809.54. If we look at the stock’s price movements over the week, volatility stands at 6.17%, which decreases to 5.58% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 76.11 to suggest the stock is overbought.
36 analysts observing the Tesla Inc. (TSLA) stock have set the 12-month price targets for the company’s shares at between $87.00 and $2400.00. The consensus objective for the share price is $1293.75, suggesting that the stock has a potential downside of -55.69% over the period. The median price target is -38.91% away from the current levels at $1450.00.
FactSet Research has provided data showing that 36 brokerages have issued ratings for the stock. 8 analysts have rated it as a sell, while 0 advise that it is a overweight. 7 analysts have rated it as a buy and 18 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 14, 2020 when Morgan Stanley upgraded the stock to “Equal-Weight” and issued a price target of between $1050 and $1360. BofA Securities also upgraded the stock to “Neutral” from Underperform on August 14, 2020 at a price target of $800-$1750. Morgan Stanley reiterated its price target at $740-$1050.
The current price level is 25.47%, 44.51%, and 151.43% away from its SMA20, SMA50, and SMA200 respectively, with the TSLA price moving above the 50-day SMA on August 24. Tesla Inc. (TSLA) stock is up 9.73% over the week and 42.15% over the past month. Its price is 381.49% year-to-date and 852.79% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $2.18 above consensus estimates by $2.15. The company’s next earnings report is expected on 10/27/2020, with forecasts estimating quarterly EPS at $2.67 and $8.7 for whole year. TSLA’s earnings per share are forecast to grow by 4,250.00% this year and 78.70% over next year. Expected sales for next quarter are $9.43 billion, which analysts say will come at $29.64 billion for the current fiscal year and next year at $40.8 billion. In addition, estimates put the company’s current quarterly revenue at an average of $8.07 billion.
Its 12-month price target is $1450.00. To reach the target analysts have set, the stock logically needs to shrink -55.69 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $87.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $2400.00.
Outstanding shares total 186.00M with insiders holding 20.51% of the shares and institutional holders owning 57.93% of the company’s common stock. The company has a return on investment of -0.90% and return on equity of 4.60%. The price to earnings ratio (P/E ratio) amounts to 1036.64 while the forward price to earnings ratio is 129.55. The beta has a value of 1.37. Price to book ratio is 38.02 and price to sales ratio is 14.26.
According to a U.S. Securities and Exchange Commission filing, American Funds Growth Fund of Ame has reduced its position in Tesla Inc. (TSLA) to 5,145,353 shares, mirroring a recent drop by 0.00%. American Funds Growth Fund of Ame dumped 0.0 shares of Tesla Inc. common stock bringing its total worth to about $7.36 billion at the end of recent close, SEC documents show. American Funds Growth Fund of Ame isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 11596.0 shares to end up with 4,218,319 shares worth $6.04 billion. American Funds New Perspective Fu raise their holdings by 0.30% in the company over the course of the most recent quarter. It now holds a 1.82% position in Tesla Inc. thanks to 3.39 million shares amounting to $4.85 billion.