Media stories about Tesla (NASDAQ:TSLA) have trended somewhat negative on Saturday, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Tesla earned a media sentiment score of -1.88 on their scale. InfoTrie also assigned media stories about the electric vehicle producer an news buzz score of 1 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have impacted Tesla’s score:
- Tesla Posting Notable Gain On Upgrade By Jefferies (nasdaq.com)
- Tesla Stock Charging After Big Upgrade (schaeffersresearch.com)
- Jefferies Upgrades Tesla To Buy On Capacity To Self-Fund, Potential To Split With Musk (finance.yahoo.com)
- Tesla Changes Up Its General Counsel After Tough Year In Legal (benzinga.com)
- Good Results and a Stable Stock Could Give Tesla’s Elon Musk an ‘Out’ (barrons.com)
A number of equities research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Tesla from a “hold” rating to a “buy” rating and lifted their price target for the company from $360.00 to $450.00 in a research report on Friday. BidaskClub upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research report on Friday. Wolfe Research lifted their price target on shares of Tesla from $410.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group reissued a “sell” rating and issued a $230.00 price objective on shares of Tesla in a research note on Tuesday, November 20th. Finally, ValuEngine raised shares of Tesla from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. Twelve analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Tesla presently has a consensus rating of “Hold” and a consensus price target of $320.85.
Shares of Tesla stock opened at $357.97 on Friday. Tesla has a 52-week low of $244.59 and a 52-week high of $387.46. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $62.35 billion, a P/E ratio of -31.18 and a beta of 0.59.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.77) by $4.67. Tesla had a negative net margin of 10.22% and a negative return on equity of 34.27%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $5.67 billion. On average, equities research analysts anticipate that Tesla will post -5.09 EPS for the current fiscal year.
In related news, insider Jerome M. Guillen sold 1,000 shares of Tesla stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $306.00, for a total value of $306,000.00. Following the completion of the transaction, the insider now owns 8,598 shares in the company, valued at $2,630,988. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Deepak Ahuja sold 3,500 shares of Tesla stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $343.46, for a total transaction of $1,202,110.00. Following the completion of the transaction, the chief financial officer now owns 27,965 shares of the company’s stock, valued at approximately $9,604,858.90. The disclosure for this sale can be found here. Insiders sold 26,375 shares of company stock valued at $9,029,040 in the last quarter. 22.80% of the stock is owned by insiders.
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Tesla Company Profile
Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.
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