Shares of Tesla, Inc. (NASDAQ:TSLA) saw a significant gap up to $209.86, marking an increase from the previous closing price of $209.86 to an opening price of $218.89 on Tuesday. The stock continued to rise and was last traded at $220.88 with a trading volume of 21,318,918 shares.
Analysts have been closely monitoring TSLA, with recent reports from various firms. Roth Mkm reiterated a ‘neutral’ rating with a price target of $85.00, while Wells Fargo & Company maintained an ‘underweight’ rating with a price target of $120.00. Citigroup also reaffirmed a ‘neutral’ rating. Guggenheim and Wedbush both adjusted their price targets, with Guggenheim increasing theirs from $126.00 to $134.00 and Wedbush from $275.00 to $300.00, giving the company a ‘sell’ and ‘outperform’ rating respectively. Overall, the stock has received mixed ratings, with seven analysts rating it as sell, seventeen as hold, and eleven as buy. MarketBeat data indicates a consensus rating of ‘Hold’ with an average target price of $189.47.
Looking at Tesla’s performance, the stock’s 50-day simple moving average stands at $180.89, while the 200-day simple moving average is $190.93. The company boasts a market capitalization of $785.79 billion, with a price-to-earnings ratio of 62.85, a price-to-earnings-growth ratio of 5.74, and a beta of 2.31. Additionally, Tesla has a debt-to-equity ratio of 0.04, a quick ratio of 1.17, and a current ratio of 1.72.
In terms of earnings, Tesla reported $0.35 earnings per share (EPS) for the quarter ending on April 23rd, meeting analysts’ expectations. The company achieved a net margin of 14.37% and a return on equity of 13.18%, with quarterly revenue totaling $21.30 billion, slightly below the consensus estimate of $22.15 billion. Analysts predict Tesla, Inc. will post 1.86 EPS for the current fiscal year.
On the insider front, Director Robyn M. Denholm sold 93,705 shares on May 6th at an average price of $184.86, totaling $17,322,306.30. Following the transaction, the director holds 15,000 shares valued at $2,772,900.
