Tesla, Inc. (NASDAQ:TSLA) traded at $441.79 at last check on Tuesday, Sep 15, making an upward move of 5.28% on its previous day’s price.
Looking at the stock we see that its previous close was $419.62 and the beta (5Y monthly) reads 1.75 with the day’s price range being $430.71 – 448.61. The company has a 12-month trailing PE ratio of 1078.71. In terms of its 52-week price range, TSLA has a high of $502.49 and a low of $43.67. The company’s stock has gained about 29.43% over that past 30 days.
Tesla, has a market cap of $389.56 Billion and is expected to release its quarterly earnings report on Oct 21, 2020- Oct 26, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the TSLA stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.53, with the EPS growth for the year raised at $1.68 for 2020 and $3.07 for next year. These figures represent 41% and at 0.83% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $8.07 Billion, with a low of $6.68 Billion and a high of $9.01 Billion. The median projection represents growth adding up to 28% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $29.75 Billion, or +21% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TSLA stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare Tesla, (TSLA) stock to its peers. We find that today’s price change of +5.28% and +755.67% over the past 12 months for TSLA betters that of General Motors Company (GM), which has seen its stock price rise 1.6% in the latest trading session and is -19.76% over the last one year. Another of its peers Paccar Inc (PCAR) has dropped -0.38% today, and is +24.18% up over the past year, while Ford Motor Company (F) is also up 5.28% yet its price remains in the green at 755.67% over the same period. General has a P/E ratio of 29.7 compared to Tesla,’s 1078.71 and Paccar’s 18.21. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.93% and 0.43%, respectively, in early deals.
Coming back to Tesla, Inc. (NASDAQ:TSLA), we note that the average 3-month trading volume was 76.37 Million, while that of the preceding 10-day period stands at 84.59 Million. Current shares outstanding are 931.81 Million.
According to data from Thomson Reuters, insiders hold 20.51% of the company’s shares while institutions hold 57.93%. The data shows that short shares as of August 30, 2020, stood at 54.89 Million at a short ratio of 0.75. This represents a 5.88% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 59.73 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +401.54% up in year-to-date price movement.