Digging Up the Facts on 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 $333.69, down from yesterday’s close by -0.81%. 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

Tesla, Inc. (TSLA) currently trades with a market capitalization of $55.74 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.

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 -$3.03 on a per share basis this quarter. Perhaps, that suggests something about why 0.33% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Tesla, Inc. recorded a 52-week high of $389.61. It is now trading 55.92% off that level. The stock is trading $317.65 its 50-day moving average by -16.04%. The stock carved out a 52-week low down at $225.58.

In recent action, Tesla, Inc. (TSLA) has made a move of +5.89% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.1, 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 24.91% 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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