Tesla Inc (NASDAQ:TSLA) shares, rose in value, with the stock price up by 2.70% to the previous day’s close as strong demand from buyers drove the stock to $429.37.
Actively observing the price movement in the recent trading, the stock is buoying the session at $418.10, falling within a range of $415.71 and $431.6. The value of beta (5-year monthly) is 2.295 whereas the PE ratio is 117.62 over 12-month period. Referring to stock’s 52-week performance, its high was $429.30, and the low was $138.80. On the whole, TSLA has fluctuated by 30.02% over the past month.
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With the market capitalization of Tesla Inc currently standing at about $1378.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 99.8B, with a low estimate of 25.29B and a high estimate of 28.93B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 27.42B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TSLA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 117.04, with the price of TSLA currently trading nearly 17.91% and 43.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 77.61, while the 7-day volatility ratio is showing 5.20% which for the 30-day chart, stands at 4.72%. Furthermore, Tesla Inc (TSLA)’s beta value is 2.34, and its average true range (ATR) is 17.18.
A comparison of Tesla Inc (TSLA) with its peers suggests the former has fared considerably weaker in the market. TSLA showed an intraday change of 2.70% in today’s session so far, and over the past year, it grew by 79.44%%.
Data on historical trading for Tesla Inc (NASDAQ:TSLA) indicates that the trading volumes over the past 10 days have averaged 77.26 and over the past 3 months, they’ve averaged 88.43 million. According to company’s latest data on outstanding shares, there are 3.21 billion shares outstanding.
Nearly 12.92% of Tesla Inc’s shares belong to company insiders and institutional investors own 46.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 77.19 million shares as on 2024-11-29, resulting in a short ratio of 0.77. According to the data, the short interest in Tesla Inc (TSLA) stood at 276.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 77.94 million. The stock has risen by 72.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TSLA stock heading into the next quarter.
