Tesla Inc (NASDAQ:TSLA) shares traded 5.30% higher at $187.44 on Wall Street last session.
TSLA stock price is now 8.59% away from the 50-day moving average and -10.44% away from the 200-day moving average. The market capitalization of the company currently stands at $597.78B.
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On May 02, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $230, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Zhu Xiaotong, SVP, Automotive sold 650 shares of the company’s stock on Jun 06 ’24. The stock was sold for $113,151 at an average price of $174.21. Upon completion of the transaction, the SVP, Automotive now directly owns 65,155 shares in the company, valued at $12.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Director DENHOLM ROBYN M sold 93,705 shares of the business’s stock. A total of $17,322,282 was realized by selling the stock at an average price of $184.86. This leaves the insider owning 15,000 shares of the company worth $2.81 million. A total of 13.00% 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 stock market information, the enterprise value for the company is $581632917504, which is based on a 47.90 price-to-earnings ratio, a 3.13 price-to-earnings-growth ratio, and a beta of 2.30. The fifty day moving average price for TSLA is $173.0638 and a two-hundred day moving average price translates $208.93555 for the stock.
The latest earnings results from Tesla Inc (NASDAQ: TSLA) was released for 2024-03-31. 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.
