Tesla (NASDAQ:TSLA) Sets New 52-Week Low at $176.55

Tesla, Inc. (NASDAQ:TSLAGet Rating)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $176.55 and last traded at $178.22, with a volume of 1204999 shares trading hands. The stock had previously closed at $183.17.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSLA. Citigroup raised their price objective on Tesla from $125.00 to $141.33 and gave the company a “sell” rating in a research note on Tuesday, August 2nd. Truist Financial raised their target price on Tesla from $333.00 to $348.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. Bank of America raised their target price on Tesla from $315.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, October 20th. Mizuho cut their target price on Tesla from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, October 20th. Finally, Wolfe Research cut their target price on Tesla from $360.00 to $288.00 and set an “outperform” rating on the stock in a research note on Thursday, October 20th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average target price of $277.41.

Tesla Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46. The firm has a market cap of $568.99 billion, a P/E ratio of 55.67, a P/E/G ratio of 1.62 and a beta of 1.97. The business’s 50-day simple moving average is $236.46 and its 200 day simple moving average is $251.50.

Tesla (NASDAQ:TSLAGet Rating) last posted its earnings results on Wednesday, October 19th. The electric vehicle producer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Tesla had a net margin of 14.95% and a return on equity of 31.10%. The business had revenue of $21.45 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s revenue was up 55.9% on a year-over-year basis. As a group, equities analysts predict that Tesla, Inc. will post 3.61 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Zachary Kirkhorn sold 3,751 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $222.50, for a total transaction of $834,597.50. Following the completion of the sale, the chief financial officer now owns 185,276 shares of the company’s stock, valued at approximately $41,223,910. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Zachary Kirkhorn sold 3,751 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $222.50, for a total transaction of $834,597.50. Following the completion of the sale, the chief financial officer now owns 185,276 shares of the company’s stock, valued at approximately $41,223,910. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $284.01, for a total transaction of $2,982,105.00. Following the sale, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $17,889,221.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,119,001 shares of company stock valued at $2,874,560,178. Company insiders own 25.10% of the company’s stock.

Institutional Investors Weigh In On Tesla

A number of hedge funds have recently modified their holdings of TSLA. Vanguard Group Inc. boosted its holdings in Tesla by 212.2% in the 3rd quarter. Vanguard Group Inc. now owns 213,024,517 shares of the electric vehicle producer’s stock worth $56,504,752,000 after buying an additional 144,784,989 shares during the period. State Street Corp boosted its holdings in Tesla by 213.5% in the 3rd quarter. State Street Corp now owns 99,647,239 shares of the electric vehicle producer’s stock worth $26,431,430,000 after buying an additional 67,859,515 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Tesla by 229.9% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 46,956,884 shares of the electric vehicle producer’s stock worth $12,493,433,000 after buying an additional 32,723,798 shares during the period. Jennison Associates LLC boosted its holdings in Tesla by 200.2% in the 3rd quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer’s stock worth $7,840,155,000 after buying an additional 19,711,687 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in Tesla by 196.4% in the 3rd quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock worth $7,394,330,000 after buying an additional 18,472,529 shares during the period. Institutional investors own 43.01% of the company’s stock.

Tesla Company Profile

(Get Rating)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

Recommended Stories

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.