TSLA Shares Now Trade at 330.20 P/E

Advertisements

The TSLA stock price fluctuated between $1136.04 and $1200.84 throughout the trading session with the volume trading being 34M shares, which represented a positive variation when compared to the three months average volume of 27M shares.

The share price of Tesla, Inc. (NasdaqGS:TSLA) ran up 13.53% to close Monday’s market session at $1199.78, higher as compared to yesterday’s close which brings the market valuation of the company to $1.02T.

The 52-week high for the Tesla, Inc.’s shares is $1,243.49. This is the highest price the TSLA shares have gotten with a great gain of 63.21% since the share price dropped to a 52-week low of $539.49.

The company currently has a 330.20 P/E ratio and a price target of $851.98.

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 34M, while in the last 10 days the average was 23.12M and last three months – 26.58M.

Growing short interest

The Tesla, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 25.82M shares being shorted which translates into 1.06 of a short ratio for TSLA, while in the previous month the shorted shares were 25.7M.

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

With a market cap of 1.02T, Tesla, Inc. holds a total cash of $16.09B that translates into $16.03 per share, while the total debt is of $10.16B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 56.80%. The current revenue is of $46.85B that is $48.27 per share.

This is a great sign for a bright future.