Tesla Inc (NASDAQ: TSLA): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that XPON: Updating our model to reflect continued weakness in the RV market.

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Stocks Info

TSLA belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Auto Manufacturers industry. The current market capitalization of Tesla Inc is $636.10B. A total of 108.34 million shares were traded on the day, compared to an average of 111.19M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TSLA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 44 SELLs from insiders. Insiders purchased 283,926 shares during that period but sold 270,208.

In the most recent transaction, DENHOLM ROBYN M sold 93,706 shares of TSLA for 194.73 per share on Feb 21. After the transaction, the Director now owns 15,000 company shares. In a previous transaction on Dec 14, Taneja Vaibhav sold 4,000 shares at 250.00 per share. TSLA shares that Chief Financial Officer owns now total 104,930.

Among the insiders who sold shares, Baglino Andrew D disposed of 1,298 shares on Dec 06 at a per-share price of $244.34. This resulted in the SVP Powertrain and Energy Eng. holding 69,390 shares of TSLA after the transaction. In another insider transaction, Zhu Xiaotong sold 1,049 shares at $244.34 per share on Dec 06. Company shares held by the SVP, Automotive now total 61,124.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TSLA in the last 3 months, the mean price target is $212.90 with high estimates of $345.00 and low estimates of $68.00. In terms of 52-week highs and lows, TSLA has a high of $299.29 and a low of $152.37.

As of this writing, TSLA has an earnings estimate of $0.68 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.9 per share and a lower estimate of $0.4. The company reported an EPS of $0.66 in the last quarter, which was -8.30% lower than expectations of $0.72.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TSLA’s latest balance sheet shows that the firm has $17.71B in Cash & Short Term Investments as of fiscal 2021. There were $8.87B in debt and $19.70B in liabilities at the time. Its Book Value Per Share was $19.67, while its Total Shareholder’s Equity was $31.58B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TSLA is Buy with a score of 3.24.

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