The TSLA stock price fluctuated between $857.7 and $945.56 throughout the trading session with the volume trading being 30M shares, which represented a positive variation when compared to the three months average volume of 25M shares.
The share price of Tesla, Inc. (NasdaqGS:TSLA) dipped -8.33% to close Thursday’s market session at $873.28, lower as compared to yesterday’s close which brings the market valuation of the company to $935.45B.
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 41.68% since the share price dropped to a 52-week low of $546.98.
The company currently has a 122.52 P/E ratio and a price target of $993.82.
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 30M, while in the last 10 days the average was 29.69M and last three months – 24.97M.
Shrinking short interest
The Tesla, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 24.55M shares being shorted which translates into 0.99 of a short ratio for TSLA, while in the previous month the shorted shares were 25.15M.
Tesla, Inc.’s (NasdaqGS:TSLA) financials
With a market cap of 935.45B, Tesla, Inc. holds a total cash of $18.01B that translates into $17.39 per share, while the total debt is of $7.02B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 80.50%. The current revenue is of $62.19B that is $61.93 per share.
This is a great sign for a bright future.
Daily Stock Price Analysis 