Tesla Motors, Inc. (NASDAQ:TSLA) [Trend Analysis] regains street interests, as shares shows upbeat performance surged 3.18% on Thursday and it traded at $211.17. Electric automaker, Tesla Motors (TSLA) reported that it would seek to lifted $1.4B to $1.7B in a stock offering to fund the production of its mass-market electric car and accelerate its production expansion.
The firm reported that it would use the funds to ramp up production of the Model 3, its first model aimed at the mass market, which CEO Elon Musk has said will begin in late 2017. The Model 3 represents a significant logistical, financial and technological hurdle for Tesla. But the company said in a public filing Wednesday that it is accelerating its plans to build 500,000 vehicles annually. Previously, it projected it couldn’t sell that number until 2020. Now, it says it plans to hit the target by 2018.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 1 as compared to its debt to equity ratio stands at 3.26. This is an important indicator as a higher ratio typically suggests that investors are investing more confidently as compared to companies in the same industry has lower ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -193.60%. Investors looking further ahead will note that the Price to next year’s EPS is 391.30%.
For current month, 1 analyst from pool recommended for an “overweight” rating, while 8 gave rating of “Buy” and 3 analysts suggest to “Hold” and 4 gave preference to “underweight,” according to research rating by WSJ.
While alarming thing to be notice is price target, the average pool price target for TSLA has been mentioned as; 500 tends to high price target, medium level touched to 260.50, and 150 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 268.88, where as the current price is 211.17, as per research conducted by WSJ.
As for as concerns shares volumes, in share capital Tesla Motors, Inc. (NASDAQ:TSLA) has 133.73 million outstanding shares among them 104.87 million shares have been floated in market exchange. The firm’s institutional ownership remained 69% while insider ownership included 0.30%.
The stock showed weekly upbeat performance of 1.06%, which maintained for the month at -14.63%. Likewise the positive performance for the quarter recorded as 26.62% and for the year was -14.55%, while the YTD performance remained at -12.02%.