In last trading session, Tesla Inc. (NASDAQ:TSLA) saw 220.24 million shares changing hands with its beta currently measuring 2.03. Company’s recent per share price level of $113.06 trading at $2.72 or 2.47% at ring of the bell on the day assigns it a market valuation of $353.07B. That closing price of TSLA’s stock is at a discount of -239.9% from its 52-week high price of $384.29 and is indicating a premium of 7.45% from its 52-week low price of $104.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 190.1 million shares which gives us an average trading volume of 108.57 million if we extend that period to 3-months.
For Tesla Inc. (TSLA), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 45 analysts covering the stock, 2 rated the stock as a Sell while 5 recommended an Overweight rating for the stock. 13 suggested the stock as a Hold whereas 24 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.25 in the current quarter.
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Upright in the green during last session for gaining 2.47%, in the last five days TSLA remained trading in the red while hitting it’s week-highest on Friday, 12/30/22 when the stock touched $113.06 price level, adding 9.17% to its value on the day. Tesla Inc.’s shares saw a change of -8.22% in year-to-date performance and have moved -7.19% in past 5-day. Tesla Inc. (NASDAQ:TSLA) showed a performance of -37.13% in past 30-days. Number of shares sold short was 69.09 million shares which calculate 0.93 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $237.83 to the stock, which implies a rise of 52.46% to its current value. Analysts have been projecting $85.00 as a low price target for the stock while placing it at a high target of $436.00. It follows that stock’s current price would drop -285.64% in reaching the projected high whereas dropping to the targeted low would mean a gain of 24.82% for stock’s current value.
Tesla Inc. (TSLA) estimates and forecasts
Statistics highlight that Tesla Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -54.91% of value to its shares in past 6 months, showing an annual growth rate of 77.88% while that of industry is 11.20. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 47.10% in the current quarter and calculating 20.60% increase in the next quarter. This year revenue growth is estimated to rise 55.20% from the last financial year’s standing.
19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $26.16 billion for the same. And 10 analysts are in estimates of company making revenue of $26.51 billion in the next quarter that will end on Mar 2023. Company posted $17.72 billion and $17.8 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 47.60% while estimating it to be 48.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 48.60% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 669.20% while estimates for its earnings growth in next 5 years are of 39.91%.
TSLA Dividends
Tesla Inc. is more likely to be releasing its next quarterly report between January 24 and January 30 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Tesla Inc. (NASDAQ:TSLA)’s Major holders
Insiders are in possession of 16.43% of company’s total shares while institution are holding 44.20 percent of that, with stock having share float percentage of 52.89%. Investors also watch the number of corporate investors in a company very closely, which is 44.20% institutions for Tesla Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at TSLA for having 204.72 million shares of worth $45.95 billion. And as of Jun 29, 2022, it was holding 6.48% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 166.11 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 5.26% of outstanding shares, having a total worth of $37.29 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 77.8 million shares of worth $17.46 billion or 2.46% of the total outstanding shares. The later fund manager was in possession of 55.72 million shares on Jun 29, 2022, making its stake of worth around $12.51 billion in the company or a holder of 1.76% of company’s stock.