Tesla Motors (TSLA) shares are trading higher by 6.40% to $203.21 in early trading Monday. The name is holding most of this morning’s gap up gains to currently challenge its 50-day SMA near $202, along its March $202/$205 resistance zone. There is no real set-up at the moment, but as long as ticker holds above the gap at $197.97, its pent up momentum stays intact.
During today’s trading session, TSLA has traded within an intraday range of $197.50 to $203.70, with its 52-week range being $177.22 to $291.42. Approximately 5 million shares have already changed hands, compared to the stock’s average daily volume of 5.57 million shares.
Fundamentally, TSLA shows the following financial data:
- $1.91 billion in cash in most recent quarter
- $5.85 billion t-12 total assets
- $911.71 million total equity
- $3.20 billion t-12 revenue
- ($294.04) million annual net income
- ($1.03) billion free cash flow
On valuation measures, Tesla Motors Inc. shares have a T-12 price/sales ratio of 7.51 and a price/book for the same period of 26.33. EPS is ($2.35). The name has a market cap of $25.56 billion and a median Wall Street price target of $275 with a high target of $400. Currently there are 11 analysts that rate TSLA a ‘Buy’, 7 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’.
In terms of share statistics, Tesla Motors Inc. has a total of 125.38 million shares outstanding with 23.43% held by insiders and 56.90% held by institutions. The stock’s short interest currently stands at 26.97%, bringing the total number of shares sold short to 24.85 million.
Shares of the Palo Alto California-based electric car-maker are down 17.06% year-over-year and 14.12% year-to-date.