New Street Research analysts recently lowered Tesla Inc. ‘s (NASDAQ: TSLA) rating from a “Buy” to a “Neutral”, as per their repost on Tesla issued this Thursday, December 10. The automotive company currently stands with $578.00 as the price target. The target issued by analysts at New Street suggests a 4.38% downside since Tesla’s previous close.
Equities analysts suggest that NASDAQ: TSLA’s FY2020 earnings will stand at $0.62 Earnings per share (EPS).
Tesla Inc. (NASDAQ: TSLA) Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 21st of October. The earnings stood at $0.76 EPS for that quarter as opposed to the general consensus on the estimated earnings at $0.22.
The company’s return on equity also stood at 4.19% along with the net margin of 1.43%. The estimated income for the firm was marked at $8.29 billion but it made $8.77 billion for the quarter. During the corresponding quarter previous year, the firm’s EPS was $0.37.
If we get into the technical data of Tesla stocks, we find that NASDAQ: TSLA traded at $604.48 this Thursday. The quick ratio of the company stands at 0.92 whereas the current ratio is 1.25. The debt-to-equity ratio stands at 0.98. The company caps at $572.99 billion. The PE ratio stands at 1574.17 along with a PEG ratio of 20.46. The company has a beta value of 1.68. The 12-monthly low to high is $67.86 – $654.32. The 50SMA (Simple Moving Average) stands at $478.16 and the 200SMA is $357.65.
NASDAQ: TSLA has recently been the subject of a lot of reports by equities analysts. Some such as Barclays, Bank Of America, Oppenheimer, JMP Securities and so on have posted reports on this firm over the last few months.
The recent consensus rating of Tesla, Inc. stands at “Hold” and the consensus on the target price is $284.34. Several hedge funds have also been involved in buying and selling of NASDAQ: TSLA shares recently.