On Friday, and one day after Tesla Motors (TSLA) announced new all-wheel drive models versions of the Model S, its stock printed a higher than average trading volume with the issue trading more than 12.8M shares, compared to the average volume of 5,742,440. The stock began trading at $244.18 to finish the session down $20.10, or 7.82%, from the prior days close of $257.01. On an intraday basis it got as low as $235.20, or about $42 below where ticker was when Elon Musk said the stock was overvalued back in early September.
On valuation measures, Tesla shares are currently priced at 72.67x next year’s forecasted earnings. Ticker has impressive current year and next year EPS growth estimates of 32.10% and 216.50% compared to the industry growth rates of 12.20% and (8.80%), respectively. TSLA has a T-12 price/sales ratio of 13.15. EPS for the same period registers at ($1.35). Currently there are 9 analysts that rate TSLA a ‘Buy’, while 7 rate it a ‘Hold’. No analysts rates it a ‘Sell’.
Tesla’s shares have declined 15.72% in the last 4 weeks but have gained 7.95% in the past three months. Over the past 5 trading sessions the stock has lost 7.17%. Shares of Tesla have surged 57.49% this year. Since its 2010 initial public offering priced at $17 a share, the stock has risen more than 1,133%.
The Palo Alto-based company, which is currently valued at $29.53B, has a median Wall Street price target of $287.50 with a high target of $400.00.