In yesterday’s Wall Street session, Tesla Inc (NASDAQ:TSLA) shares traded at $197.49, down -1.25% from the previous session.
TSLA stock price is now -6.20% away from the 50-day moving average and -2.80% away from the 200-day moving average. The market capitalization of the company currently stands at $630.91B.
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With the price target enhanced from $162 to $215, Truist maintained Hold rating for Tesla Inc (NASDAQ: TSLA). On July 24, 2024, Piper Sandler reiterated its ‘Overweight’ rating on the stock by increasing its target price from $205 to quote $300, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, DENHOLM ROBYN M, Director sold 66,364 shares of the company’s stock on Jul 25 ’24. The stock was sold for $14,597,629 at an average price of $219.96. Upon completion of the transaction, the Director now directly owns 85,000 shares in the company, valued at $16.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’24, SVP, Automotive Zhu Xiaotong sold 650 shares of the business’s stock. A total of $113,151 was realized by selling the stock at an average price of $174.21. This leaves the insider owning 65,155 shares of the company worth $12.87 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 $278.98. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.91, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $613595348992, which is based on a 55.46 price-to-earnings ratio, a 18.49 price-to-earnings-growth ratio, and a beta of 2.33. The fifty day moving average price for TSLA is $210.9214 and a two-hundred day moving average price translates $203.09116 for the stock.
The latest earnings results from Tesla Inc (NASDAQ: TSLA) was released for 2024-06-30. The net profit margin was 13.04% and return on equity was 21.13% for TSLA. The company reported revenue of $25.5 billion for the quarter, compared to $24.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.3 percent. For the current quarter, analysts expect TSLA to generate $25.54B in revenue.
