Tesla Motors Inc (TSLA) was Resumed by Dougherty & Company to “Buy” and the brokerage firm has set the Price Target at $500. The stock price negotiated for value between $206.80 to $216.15 in recent trading session. The company’s Market capitalization is $1.14 billion with the total Outstanding Shares of 13.14 million.
Advertisement
There have been now different analysts that cover up company’s stock according to Thomson/First Call data. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the company posted $-0.36 EPS. That would represent a -97.92% year-over-year decrease Revenue for the same period is expected to arrive at $1.85B. Following the completion of the sale, the director now owns 157,880 shares in the company, valued at $37,630,698. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. There are about 400,000 reservations for the $35,000 Model 3. On Dec 17, 2015, Jeffrey B Straubel (Chief Technical Officer) sold 5,000 shares at $220.64 per share price, according to the Form-4 filing with the securities and exchange commission. The stock is now holding above its 50 day moving average of $-9.41 and below its 200 day moving average of $241.2. Beech Hill Advisors Inc. now owns 4,351 shares of the electric vehicle producer’s stock worth $1,044,000 after buying an additional 1,031 shares during the last quarter.
Several research analysts recently commented on the company. Pacific Crest reiterated an equal weight rating on shares of Tesla Motors in a research report on Tuesday, February 2nd.
Advertisement
The mean price target for the stock is set at $43.00 and the upmost price target recommended by the analysts is $54.00 while also low price target recorded at $31.00. The company traded a volume of 6 million shares over average volume of 3.52 million shares. Over the last three months and over the last six months, the shares of Tesla Motors, Inc. Facebook had a growth team that helped massively as the company reached for more and more users each day leading to a very big user base. For the reporting quarter, analysts expect the company to deliver -$0.01 in earnings per share (EPS). The Company sells and produces a vehicle under the name Model S which is a fully electric four-door five-adult passenger sedan.
