Checking the Overall Picture for Tesla, Inc. (TSLA)

Tesla, Inc. (TSLA) is an interesting player in the Consumer Goods space, with a focus on Auto Manufacturers – Major. The stock has been active on the tape, currently trading at $315.55, up from yesterday’s close by 0.94%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Tesla, Inc. (TSLA) currently trades with a market capitalization of $52.54 Billion. That value represents a market adjusting for revenues that have been growing by 29.86 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For TSLA, the company currently has $3.67 Billion of cash on the books, which is offset by $441.72 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-4.88 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $-3.07 on a per share basis this quarter. Perhaps, that suggests something about why 58.99% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how TSLA has been acting. Looking at the stock’s movement on the chart, Tesla, Inc. recorded a 52-week high of $389.61. It is now trading 74.06% off that level. The stock is trading $335.79 its 50-day moving average by 20.24%. The stock carved out a 52-week low down at $180.00.

In recent action, Tesla, Inc. (TSLA) has made a move of -3.26% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.96, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 22.41% with $125.33 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of TSLA.

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