HEFFX Initiates Coverage on Tesla Inc (NASDAQ:TSLA)

HEFFX Initiates Coverage on Tesla Inc (NASDAQ:TSLA)

 

HEFFX Initiates Coverage on Tesla Inc (NASDAQ:TSLA)

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 239.14.

The projected upper bound is: 337.74.

The projected lower bound is: 277.08.

The projected closing price is: 307.41.

TESLA INC closed up 1.600 at 305.600. Volume was 23% below average (neutral) and Bollinger Bands were 57% wider than normal.

Open            High            Low             Close            Volume
302.700      309.150      297.900      305.600      17,239,770

Technical Outlook
Short Term:               Overbought
Intermediate Term: Bullish
Long Term:                Bullish

Moving Averages: 10-period          50-period          200-period
Close:                       273.96               225.99               214.41
Volatility:                82                       87                       114
Volume:                   28,273,168       21,849,448       29,347,838

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Tesla Summary
TESLA INC is currently 42.5% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into TSLA.O (mildly bullish). Our trend forecasting oscillators are currently bullish on TSLA.O and have had this outlook for the last 14 periods. Our momentum oscillator is currently indicating that TSLA.O is currently in an overbought condition.

HEFFX Momentum Tesla
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 89.7222. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 74.14. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 8 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 146.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 8 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 18 period(s) ago.

TSLA, electric, NASDAQ, Car, Motor, vehicles, Stock, Shayne, Heffernan, HEFFX

TSLA, electric, NASDAQ, Car, Motor, vehicles, Stock, Shayne, Heffernan, HEFFX

 INCOME STATEMENT (USD, M)

 

LFI LTM LFY
Total Revenue: 2,284.63 7,000.13 7,000.13
EBITDA: 60.24 279.76 279.76
EBIT: (266.70) (667.34) (667.34)
Income Before Tax: (208.40) (746.35) (746.35)
Income After Tax: (219.47) (773.05) (773.05)
Income Avail Comm: (121.34) (674.91) (674.91)
Dilut Shrs Out Avg: 155.11 146.17 144.21
Income
     Bef Tax, Normalized, LFY: (746.35)
     Aft Tax, Normalized, LFY: (773.05)
     Avail Comm, Normalized, LFY: (674.91)
 PROFITABILITY RATIOS (%)

 

LFI LTM LFY
Gross Profit % Margin: 19.05% 22.85% 22.85%
EBITDA % Margin: 4.00% 4.00%
Oper Income % Margin: (11.67%) (9.53%) (9.53%)
Income Bef Tax % Margin: (9.12%) (10.66%) (10.66%)
Income Aft Tax % Margin: (9.61%) (11.04%) (11.04%)

Valuation

P/E Current: -65.30

P/E Ratio (with extraordinary items): -70.19

Price to Sales Ratio: 4.40

Price to Book Ratio: 7.26

Enterprise Value to EBITDA: 214.12

Enterprise Value to Sales: 7.85

Total Debt to Enterprise Value; 0.23

Tesla Description

Tesla’s mission is to accelerate the world’s transition to sustainable energy. Since our founding in 2003, Tesla has broken new barriers in developing high-performance automobiles that are not only the world’s best and highest-selling pure electric vehicles—with long range and absolutely no tailpipe emissions—but also the safest, highest-rated cars on the road in the world. Beyond the flagship Model S sedan as well as the falcon-winged door Model X sports utility vehicle, we plan on launching our new Model 3 sedan later this year at a base price of $35,000 that we expect to truly propel electric vehicles into the mainstream.

In addition, with the opening of the Gigafactory and the acquisition of SolarCity, Tesla now offers a full suite of energy products that incorporates solar, storage, and grid services. As the world’s only fully integrated sustainable energy company, Tesla is at the vanguard of the world’s inevitable shift towards a sustainable energy platform.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

Latest posts by John Heffernan (see all)

You must be logged in to post comments :  
CONNECT WITH