Tesla (NASDAQ:TSLA) Shares Down 0% – What’s Next?
Shares of Tesla, Inc. (NASDAQ: TSLA) experienced no change in value, falling 0% during midday trading on Monday.
- The stock traded as low as $347.50, and last traded at $355.84.
- A total of 68,000,576 shares traded hands, matching the average session volume of 67,880,264 shares.
- The stock had previously closed at $355.94, showing no significant movement for the day.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on Tesla.
- Needham & Company LLC reaffirmed a “hold” rating on Tesla stock in a report on February 10th.
- Stifel Nicolaus lowered their price target from $492.00 to $474.00, maintaining a “buy” rating on February 10th.
- Benchmark initiated coverage with a “buy” rating and set a $475.00 price target on February 12th.
- Bank of America upgraded Tesla’s price target to $490.00, but lowered its rating from “buy” to “neutral” on January 7th.
- Wells Fargo & Company raised its price target to $135.00 but issued an “underweight” rating on January 30th.
- Of the analysts, nine have rated Tesla with a sell rating, twelve have given a hold rating, and seventeen have issued a buy rating.
- The consensus rating for the stock is currently “Hold”, with an average target price of $326.50.
Tesla Price Performance
Tesla’s stock has some important financial ratios:
- The company has a quick ratio of 1.61, current ratio of 2.02, and a debt-to-equity ratio of 0.08, indicating solid financial health.
- Tesla’s 50-day moving average stands at $402.14, and its 200-day moving average is $311.43.
- Tesla has a market capitalization of $1.14 trillion, a P/E ratio of 173.73, and a P/E/G ratio of 5.86, suggesting high growth expectations.
- The stock also has a beta of 2.34, indicating higher volatility compared to the broader market.
Tesla’s latest earnings report, released on January 29th, showed $0.66 EPS, falling short of the consensus estimate of $0.74 by $0.08.
- The company reported a net margin of 7.26% and a return on equity of 10.31%.
- Analysts anticipate Tesla will post 2.56 earnings per share for the current fiscal year.
Insiders Place Their Bets
In recent insider transactions, CFO Vaibhav Taneja sold 2,606 shares on December 6th at an average price of $374.21, totaling $975,191.26.
- After the sale, Taneja now owns 108,965 shares, valued at approximately $40.78 million.
- Director Kimbal Musk sold 75,000 shares on February 6th for $27.59 million.
- Following the sale, Musk owns 1,463,220 shares worth approximately $538.27 million.
- In the past 90 days, insiders have sold 523,386 shares of Tesla stock, totaling $195.99 million.
- 20.70% of Tesla’s stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have adjusted their holdings in Tesla recently:
- Hengehold Capital Management LLC increased its holdings by 1.8% in the 4th quarter.
- Strategic Investment Advisors MI raised its position by 0.3% during the same period.
- Acropolis Investment Management LLC grew its position by 0.9% in the 4th quarter.
- Vista Finance LLC increased its stake by 0.7% during the 4th quarter.
- Institutional investors now own 66.20% of Tesla’s stock.
Tesla Company Profile
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles and energy generation and storage systems worldwide.
- Tesla operates in two segments: Automotive and Energy Generation and Storage.
- The Automotive segment offers electric vehicles, sells automotive regulatory credits, and provides various vehicle services including supercharging, retail merchandise, and insurance.
