Investors are buzzing with excitement as a wealthy investor shows optimism toward Tesla, Inc. (NASDAQ: TSLA) through unusual options trading. Recent options trading history for Tesla reveals that 51% of investors have taken bullish positions, while 48% have opted for bearish trades. The total number of trades spotted includes 45 puts worth $2,474,991 ($2.47 million) and 56 calls worth $3,776,482 ($3.77 million).
Over the past three months, these whales have been targeting a price range of $230.0 to $275.0 for Tesla, based on the significant trading volume and open interest in these contracts. However, as of now, TSLA’s price is down by -6.06% at $241.05, and RSI indicators suggest that the stock might be overbought.
However, despite the recent market fluctuations, analysts have assigned an average price target of $214.72 to Tesla, with a high forecast of $275.0. This indicates that the company still holds growth potential.
On Monday, Tesla’s stock (TSLA) opened at $250.06, lower than its previous close of $256.60. Throughout the day, the stock fluctuated between $240.70 and $258.37, with a trading volume of 178,081,436 (178.08 million) shares. Tesla’s market capitalization stood at $749.14 billion.
Looking at Tesla’s financial performance, the company exhibited remarkable earnings growth of +115.27% in the previous year. However, this year’s earnings growth took a dip, standing at -17.35%. Nevertheless, analysts foresee a positive outlook, projecting an earnings growth rate of +13.26% for the next five years. In terms of revenue, Tesla experienced a significant growth rate of +51.35% in the previous year. Key financial ratios include a P/E ratio of 70.96, a price/sales ratio of 5.25, and a price/book ratio of 18.16.
Tesla’s next reporting date is scheduled for July 24, 2023, with an EPS forecast of $0.78 for the quarter. Notably, the company achieved an impressive annual revenue of $81.5 billion in the previous year, with a net profit margin of 15.45%.