Director Rice Linda Johnson sold 1,700 shares in Tesla, Inc. (NASDAQ:TSLA) in transaction occurred on 2019/02/05. After making this transaction, the Director owns a direct stake of 544,000 shares. On 2019/02/01 Guillen Jerome M, President, Automotive at TSLA, dumped 1,000 shares at an average price of $305.42 per share. The selling total is valued at $2,450,827.
Separately, it had been reported that some other TSLA insiders also took part of the insider trading activity. Chief Technical Officer, Straubel Jeffrey B had divested 15,000 shares for $306,398 through a trade on 2019/01/28. Following this activity, the insider holds 4,404,900 shares worth $95,537,960 as of recent close. Wall Street’s most bullish Tesla, Inc. (NASDAQ:TSLA) analysts are predicting the share price to blow past $530 per share during the next 12 months. The current median share price forecast by them is $327.5, suggesting that the stock could increase 5.03% in that time frame. The average price target of $331.04 calls for a nearly 6.17% increase in the stock price.
Tesla, Inc. (TSLA) trading activity significantly weakened as the volume at ready counter decreased to 5,448,579 shares versus 8,237,120 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 7,830,873 shares. The share price dropped -0.33% in recent trade and currently has a stock-market value of $53.85B. The shares finished at $311.81, after trading as low as $309.62 earlier in the session. It hit an intraday high Tuesday at $318.19. The stock is now 27.48% above against its bear-market low of $244.59 on April 02, 2018. It has retreated -24.26% since it’s 52-week high of $387.46 reached in August. Now the market price is up 0.45% on the year and down -6.31% YTD.
TSLA’s 50 day simple moving average (SMA 50) price is $328.39 and its 200-day simple moving average (SMA 200) price is $316.06. The company’s stock currently has a total float of 128.79M shares. Its weekly volatility is hovering around 2.99% and felt 3.79% volatility in price over a month. On the upside, the share price will test short term resistance at around $316.79. On a downside, the stock is likely to find some support, which begins at $308.22. The failure to get near-term support could push it to $304.64.
It had seen a positive analyst call from Canaccord Genuity, which upgraded the stock from Hold to Buy on February 11. Analysts at Morgan Stanley, maintained the company shares at Equal-Weight on February 05 but switched target price from $291 to $283. Brokerage firm Oppenheimer, looks cautious as they stick to prior recommendation of Outperform, in a call on January 31. However, they did change the target price from $418 to $437. JP Morgan, reiterated their call for Underweight, on January 31. On the other hand, they had set new target price to $230 versus $220.
Moreover, it trades for 32.79 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 11.82x price/book and 2.51x price/sales. Compared to others, Tesla, Inc. is in a different league with regards to profitability, having net margins of -12.7%. To put some perspective around this, the industry’s average net margin is 9.39%. TSLA’s ROE is -63.7%, which is also considerably worse than the industry’s ROE of 13.57%. It’s also not liquid in the near term, with a current ratio of 0.8. The stock has a debt/capital of 2.61.
Shares of Tesla, Inc. (TSLA) have gained 1.3% since the company’s last earnings report. Over the past 12 fiscal quarters, Tesla, Inc. (NASDAQ:TSLA) has topped consensus earnings estimates in 3 quarters (25%), missed earnings in 9 quarters (75%), whereas at 0 occasion EPS met analyst expectations. TSLA last reported earnings on January 30, 2019 when it released Dec-18 results that receded expectations. The company raked in $1.93 per share, -83.84% change on the same period last year. That was worse than consensus for $2.19. Revenue for the recent quarter stood at $7.23 billion, up 120% on last year and above the $7.08 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.54 billion to $7.11 billion, which should be compared with $6.07 billion generated last year. EPS is seen in a range of -$1.58 to $1.37, against the $0.07 reported a year ago.