The trading price of Tesla, Inc. (NASDAQ:TSLA) closed higher on Tuesday, Jan 12, closing at $811.19, 4.72% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $827.34 and $868.00. The company’s P/E ratio in the trailing 12-month period was 1682.06, while its 5Y monthly beta was 2.12. In examining the 52-week price action we see that the stock hit a 52-week high of $884.49 and a 52-week low of $70.1. Over the past month, the stock has gained 35.46% in value.
Tesla, Inc., whose market valuation is $805.19 Billion at the time of this writing, is expected to release its quarterly earnings report Jan 27, 2021- Feb 01, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.95 per share this quarter, however they have predicted annual earnings per share of $2.35 for 2021 and $4.02 for 2022. It means analysts are expecting annual earnings per share growth of 57.75% this year and 0.71% next year.
Analysts have forecast the company to bring in revenue of $10.2 Billion for the quarter, with the likely lows of $9.05 Billion and highs of $10.99 Billion. The average estimate suggests sales will likely up by 38.1% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $31.07 Billion. The company’s revenue is forecast to grow by +26.4% over what it did in 2020.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Tesla, Inc. 2 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TSLA has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
To see how Tesla, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: TSLA stock’s performance was +4.72% in the latest trading, and +709.21% in the past year, while General Motors Company (GM) has traded +6.24% on the day and positioned +36.71% higher than it was a year ago. Another comparable company Ford Motor Company (F) saw its stock close 5.16% higher in the most recent trading session but was up +5.84% in a year. Furthermore, Paccar Inc (PCAR) showed an increase of 4.72% on the day while its price kept rising at 709.21% over the past year. Tesla, Inc. has a P/E ratio of 1682.06, compared to General Motors Company’s 21.44 and Ford Motor Company’s 0. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of Tesla, Inc. (NASDAQ:TSLA) indicates that the 3-month average is 44.38 Million. However, this figure has increased over the past 10 days to an average of 51.95 Million.
Currently, records show that 947.9 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 19.99% of outstanding shares, whereas institutions hold 42.53%. The stats also highlight that short interest as of December 14, 2020, stood at 45.23 Million shares, resulting in a short ratio of 0.88 at that time. From this, we can conclude that short interest is 4.77% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 47.9 Million. However, since the stock’s price has seen +20.37% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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