Tesla Inc (NASDAQ:TSLA) shares, rose in value, with the stock price up by 12.06% to the previous day’s close as strong demand from buyers drove the stock to $162.13.
Actively observing the price movement in the last trading, the stock closed the session at $144.68. The PE ratio was 41.39 over 12-month period. Referring to stock’s 52-week performance, its high was $299.29, and the low was $138.80. On the whole, TSLA has fluctuated by -6.08% over the past month.
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% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.71, with the price of TSLA currently trading nearly -1.87% and -8.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.68, while the 7-day volatility ratio is showing 4.13% which for the 30-day chart, stands at 3.87%. Furthermore, Tesla Inc (TSLA)’s beta value is 2.48, and its average true range (ATR) is 8.42.
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 12.06% in last session, and over the past year, it shrunk by -0.26%%.
Data on historical trading for Tesla Inc (NASDAQ:TSLA) indicates that the trading volumes over the past 3 months, they’ve averaged 101.27 million. According to company’s latest data on outstanding shares, there are 3.19 billion shares outstanding.
Nearly 13.01% of Tesla Inc’s shares belong to company insiders and institutional investors own 44.65% of the company’s shares. The stock has fallen by -34.75% 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.
