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What Did We Learn From Tesla Inc. (NASDAQ: TSLA) Insider Trading?

Tesla Inc. (NASDAQ:TSLA) traded at $143.75 at close of the session on Monday, 01/23/23, made an upward move of 7.74% on its previous day’s price.

Looking at the stock we see that its previous close was $133.42 and the beta (5Y monthly) reads 2.13 with the day’s price range being $134.27 – $145.379. The company has a trailing 12-month PE ratio of 44.29. In terms of its 52-week price range, TSLA has a high of $384.29 and a low of $101.81. The company’s stock has gained about 4.32% over that past 30 days.

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Tesla Inc. has a market cap of $432.66 billion and is expected to release its quarterly earnings report on Jan 24, 2023 – Jan 30, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $1.25, with the EPS growth for the year raised at $4.09 for 2022 and $5.61 for next year. These figures represent 81.00% and 37.20% 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 $26.16 billion, with a low of $21.27 billion and a high of $29.43 billion. The median projection represents growth squeezing down to 47.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $83.52 billion, or 55.20% up from figures reported last year.

There have been 3 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 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 45 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 12 have rated the Tesla Inc. (TSLA) stock as a Hold, while 24 rate it as a Buy. 5 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the TSLA stock currently stands at 1.53, and the current price level is 18.47% off its SMA20 and -7.13% from its 50-day simple moving average. The RSI (14) is pointing at 56.11 while the volatility over the past week is 6.13% and jumps to 6.90% over the past one month. The beta value is 2.03, while the average true range (ATR) is currently pointing at 9.23. The average price target for the stock over the next 12 months is $209.47, with the estimates having a low of $85.00 and a high of $436.00. These price ends are 40.87% and -203.3% off the current price level respectively, although investors could be excited at the prospect of a -34.96% if the TSLA share price touches on the median price of $194.00.

Coming back to Tesla Inc. (NASDAQ:TSLA), we note that the average 3-month trading volume was 125.06 million, while that of the preceding 10-day period stands at 178.51 million. Current shares outstanding are 3.15 billion.

The insiders hold 0.10% of the company’s shares while institutions hold 44.80%. The data shows that short shares as of Oct 13, 2022, stood at 69.09 million at a short ratio of 0.93. This represents a 2.19% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 63.69 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 16.70% up in year-to-date price movement.

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