Stocks of Tesla Inc (NASDAQ:TSLA) traded higher last session on Wall Street, up 2.03% to $171.89.
TSLA stock price is now 0.04% away from the 50-day moving average and -20.90% away from the 200-day moving average. The market capitalization of the company currently stands at $548.19B.
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With the price target of $230, Cantor Fitzgerald recently initiated with Overweight rating for Tesla Inc (NASDAQ: TSLA). On April 24, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $220, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, DENHOLM ROBYN M, Director sold 93,705 shares of the company’s stock on May 06 ’24. The stock was sold for $17,322,282 at an average price of $184.86. Upon completion of the transaction, the Director now directly owns 15,000 shares in the company, valued at $2.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, SVP Powertrain and Energy Eng. Baglino Andrew D sold 10,500 shares of the business’s stock. A total of $1,850,100 was realized by selling the stock at an average price of $176.20. This leaves the insider owning 31,230 shares of the company worth $5.37 million. A total of 13.01% of the company’s stock is owned by insiders.
During the past 12 months, Tesla Inc has had a low of $138.80 and a high of $299.29. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 1.72, and a quick ratio of 1.17.
According to the Auto Manufacturers Company, earnings per share came in at 0.91, beating analysts’ expectations of 0.83 by 0.08. This compares to $0.73 EPS in the same period last year. The net profit margin was 14.41% and return on equity was 24.28% for TSLA. The company reported revenue of $21.3 billion for the quarter, compared to $23.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.69 percent. For the current quarter, analysts expect TSLA to generate $24.25B in revenue.
