News articles about Tesla (NASDAQ:TSLA) have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tesla earned a media sentiment score of 1.20 on their scale. InfoTrie also assigned headlines about the electric vehicle producer an news buzz score of 7 out of 10, meaning that recent press coverage is likely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Tesla’s ranking:
NASDAQ:TSLA traded down $0.78 during mid-day trading on Friday, reaching $228.04. The stock had a trading volume of 9,953,036 shares, compared to its average volume of 9,923,948. Tesla has a twelve month low of $176.99 and a twelve month high of $387.46. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.79. The stock has a market cap of $46.02 billion, a price-to-earnings ratio of -39.87 and a beta of 0.62. The firm’s 50 day moving average price is $230.77.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.55) by ($0.76). Tesla had a negative net margin of 2.64% and a negative return on equity of 11.97%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the business posted ($3.06) earnings per share. The company’s quarterly revenue was up 58.7% on a year-over-year basis. On average, equities research analysts forecast that Tesla will post -4.61 earnings per share for the current year.
A number of research firms have recently weighed in on TSLA. JMP Securities upped their price objective on Facebook from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday. Berenberg Bank set a €54.00 ($62.79) price objective on 1&1 Drillisch and gave the stock a “buy” rating in a research report on Friday, June 14th. Wolfe Research lowered Tesla from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $375.00 to $265.00 in a research report on Thursday, May 2nd. Piper Jaffray Companies set a $10.00 price objective on Mammoth Energy Services and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, Oppenheimer upped their price objective on Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday. Seventeen analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $273.61.
In other Tesla news, Director Antonio J. Gracias sold 33,766 shares of Tesla stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $180.35, for a total value of $6,089,698.10. Following the completion of the sale, the director now directly owns 14,232 shares of the company’s stock, valued at approximately $2,566,741.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zachary Kirkhorn sold 150 shares of Tesla stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $255.68, for a total transaction of $38,352.00. Following the completion of the sale, the chief financial officer now directly owns 9,962 shares of the company’s stock, valued at $2,547,084.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,456 shares of company stock valued at $21,130,430. 24.40% of the stock is currently owned by corporate insiders.
Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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