Tesla Motors Sees Unusually High Options Volume (TSLA)
Tesla Motors (NASDAQ:TSLA) saw unusually large options trading on Friday. Traders bought 106,787 put options on the company, StockRatingsNetwork reports. This is an increase of 118% compared to the typical daily volume of 49,037 put options.
TSLA has been the subject of a number of recent research reports. Analysts at Standpoint Research initiated coverage on shares of Tesla Motors (NASDAQ:TSLA) in a research note to investors on Friday. They set a “sell” rating and a $140.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Tesla Motors (NASDAQ:TSLA) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $194.40 price target on the stock. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of Tesla Motors (NASDAQ:TSLA) in a research note to investors on Thursday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Tesla Motors presently has a consensus rating of “Hold” and a consensus price target of $148.86.
Tesla Motors (NASDAQ:TSLA) traded up 4.43% on Friday, hitting $180.98. 14,413,965 shares of the company’s stock traded hands. Tesla Motors has a 1-year low of $26.86 and a 1-year high of $194.50. The stock has a 50-day moving average of $169.4 and a 200-day moving average of $109.0. The company’s market cap is $21.980 billion.
Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.16) by $0.36. The company had revenue of $405.10 million for the quarter, compared to the consensus estimate of $393.40 million. During the same quarter in the prior year, the company posted ($0.89) earnings per share. The company’s quarterly revenue was up 1417.2% on a year-over-year basis. Analysts expect that Tesla Motors will post $0.60 EPS for the current fiscal year.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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