Tesla’s (TSLA) Sell Rating Reiterated at Glj Research

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating restated by investment analysts at Glj Research in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $24.86 target price on the electric vehicle producer’s stock. Glj Research‘s price target would suggest a potential downside of 93.75% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Tesla from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Robert W. Baird set a $475.00 target price on Tesla in a report on Monday, July 27th. CLSA reissued an “underperform” rating on shares of Tesla in a research note on Monday, October 26th. Barclays raised Tesla from an “outperform” rating to an “overweight” rating and lifted their price target for the company from $370.00 to $450.00 in a research note on Monday, October 26th. Finally, Deutsche Bank began coverage on Tesla in a report on Monday, October 26th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $414.50.

Tesla Stock Performance

Shares of TSLA opened at $397.45 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. Tesla has a twelve month low of $297.38 and a twelve month high of $498.83. The firm’s 50 day moving average price is $374.47 and its two-hundred day moving average price is $383.25. The firm has a market cap of $1.57 trillion, a P/E ratio of 436.76, a PEG ratio of 24.21 and a beta of 1.74.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company had revenue of $28.05 billion during the quarter, compared to analysts’ expectations of $28.06 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts forecast that Tesla will post 0.67 EPS for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSLA. Security National Bank of Sioux City Iowa IA acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $25,000. Harborfront Financial Group LLC bought a new position in shares of Tesla in the second quarter valued at $34,000. Montgomery Financial Services LLC bought a new position in shares of Tesla in the second quarter valued at $40,000. Timbuktu Capital Management LLC acquired a new position in Tesla during the second quarter worth $42,000. Finally, Navigoe LLC acquired a new position in Tesla during the second quarter worth $45,000. 66.20% of the stock is currently owned by institutional investors.

Trending Headlines about Tesla

These are some of the TSLA headlines that stood out recently:

• Positive Sentiment: Tesla’s autonomy and software growth story received a boost from Finland’s provisional approval of its driver-assistance system. Broader EU approval is still pending, but wider access could expand the potential market for the technology. Tesla FSD Gains Ground in Europe
• Neutral Sentiment: Tesla says its Robotaxi service now operates around the clock in active cities, and reports say its registered Texas fleet has surpassed Waymo’s. These developments could support future growth, but profitability and the ability to turn fleet expansion into reliable utilization remain unproven. Tesla Robotaxi 24/7 Operations
• Negative Sentiment: A potential all-stock merger could raise concerns about valuation, dilution and how the two businesses would be combined. Those risks matter given Tesla’s already high valuation and recent commentary questioning whether its share price is justified. Tesla Overvaluation Rating Downgrade

Tesla Company Profile

Tesla, Inc. designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services. The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles. Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.