Home  »  Business   »  Tesla Inc (NASDAQ:TSLA) Is Down -22.10% Year To Da...

Tesla Inc (NASDAQ:TSLA) Is Down -22.10% Year To Date; Analysts Say It Will Rally

Tesla Inc (NASDAQ:TSLA) price closed higher on Friday, February 09, jumping 193.57% below its previous close.

A look at the daily price movement shows that the last close reads $214.76. The company’s 5Y monthly beta was ticking 2.43 while its P/E ratio in the trailing 12-month period read 44.98. Taking into account the 52-week price action we note that the stock hit a 52-week high of $299.29 and 52-week low of $152.37. The stock subtracted -17.26% on its value in the past month.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

Tesla Inc, which has a market valuation of $616.48 billion, is expected to release its quarterly earnings report Apr 17, 2024 – Apr 22, 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TSLA a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 4.97. The overview shows that TSLA’s price is at present -2.81% off the SMA20 and 3.49% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 39.52, with weekly volatility standing at 4.08%. The indicator jumps to 3.86% when calculated based on the past 30 days. Tesla Inc (NASDAQ:TSLA)’s beta value is holding at 2.42, while the average true range (ATR) indicator is currently reading 8.26.

An analysis of the Tesla Inc (NASDAQ:TSLA) stock in terms of its daily trading volume indicates that the 3-month average is 0.72. However, this figure increases on the past 10-day timeline to an average of 107.64 million.

Current records show that the company has 3.19B in outstanding shares. The insiders’ percentage holdings are 13.05% of outstanding shares while the percentage share held by institutions stands at 43.81%. The stats also highlight that short interest as of Jan 31, 2024, stood at 90.71 million shares, which puts the short ratio at the time at 0.81. From this we can glean that short interest is 2.85% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 86.67 million. But the -22.10% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.