Press coverage about Tesla (NASDAQ:TSLA) has trended somewhat negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 6,000 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 closest to five being the most favorable. Tesla earned a coverage optimism score of -1.00 on their scale. InfoTrie also assigned news coverage about the electric vehicle producer an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Tesla’s score:
Shares of NASDAQ TSLA traded up $4.30 during mid-day trading on Friday, hitting $219.94. The stock had a trading volume of 5,098,500 shares, compared to its average volume of 7,863,062. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.71 and a current ratio of 1.06. The company has a 50 day moving average of $237.03 and a two-hundred day moving average of $251.94. Tesla has a twelve month low of $176.99 and a twelve month high of $379.49. The firm has a market cap of $38.63 billion, a PE ratio of -38.45 and a beta of 0.60.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share for the quarter, missing the consensus estimate of ($1.55) by ($0.76). The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.44 billion. Tesla had a negative return on equity of 11.42% and a negative net margin of 2.64%. Tesla’s revenue for the quarter was up 58.7% on a year-over-year basis. During the same period in the prior year, the business posted ($3.06) earnings per share. Equities research analysts predict that Tesla will post -7.51 EPS for the current fiscal year.
TSLA has been the topic of several recent research reports. JPMorgan Chase & Co. set a $200.00 price target on Tesla and gave the stock a “sell” rating in a research report on Thursday, July 25th. Morgan Stanley reduced their price target on Tesla to $230.00 and set an “equal weight” rating on the stock in a research report on Monday, July 29th. Sanford C. Bernstein set a $325.00 price target on Tesla and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Citigroup dropped their price objective on Tesla from $238.00 to $191.00 and set a “sell” rating for the company in a report on Wednesday, May 22nd. Finally, Cfra cut Tesla to a “sell” rating and set a $135.00 price objective for the company. in a report on Friday, July 26th. Eighteen analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. Tesla has an average rating of “Hold” and an average target price of $269.53.
In other Tesla news, insider Jeffrey B. Straubel sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $189.89, for a total value of $2,848,350.00. Following the transaction, the insider now directly owns 321,398 shares of the company’s stock, valued at approximately $61,030,266.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zachary Kirkhorn sold 150 shares of the firm’s 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 transaction, the chief financial officer now directly owns 9,962 shares in the company, valued at $2,547,084.16. The disclosure for this sale can be found here. Insiders sold a total of 78,916 shares of company stock worth $15,785,800 over the last three months. Corporate insiders own 24.40% of the company’s stock.
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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