Tesla (TSLA) Stock Has Low Trading Volume But High Potential


The TSLA stock price fluctuated between $697.62 and $715.4 throughout the trading session with the volume trading being 13M shares, which represented a negative variation when compared to the three months average volume of 21M shares.

The share price of Tesla, Inc. (NasdaqGS:TSLA) dipped -1.41% to close Thursday’s market session at $701.16, lower as compared to yesterday’s close which brings the market valuation of the company to $694.16B.

The 52-week high for the Tesla, Inc.’s shares is $900.40. That puts it -22.13% from that peak but still a 60.66% gain since the share price dropped to a 52-week low of $329.88, while the S&P 500’s share price change was of 28.17%.

The company currently has a 369.62 P/E ratio and a price target of $713.15.

What does the trading volume tell us about the TSLA stock?

During the last trading session, Tesla, Inc. (NasdaqGS:TSLA) has seen growth in its daily volume. The daily volume was of 21M, while in the last 10 days the average was 17.02M and last three months – 21.14M.

The increasing interest in the TSLA stock from the investors is helping to drive the stock price up.


Shrinking short interest

The Tesla, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 26.83M shares being shorted which translates into 1.38 of a short ratio for TSLA, while in the previous month the shorted shares were 32.36M.

Tesla, Inc.’s (NasdaqGS:TSLA) financials

With a market cap of 694.16B, Tesla, Inc. holds a total cash of $16.23B that translates into $16.39 per share, while the total debt is of $11.17B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 98.10%. The current revenue is of $41.86B that is $43.81 per share.

This is a great sign for a bright future.