Tesla (TSLA) Receiving Somewhat Positive News Coverage, Accern Reports

News headlines about Tesla (NASDAQ:TSLA) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tesla earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the electric vehicle producer an impact score of 45.1340356277343 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Tesla (TSLA) traded up $9.56 during mid-day trading on Wednesday, reaching $313.26. The company had a trading volume of 7,186,451 shares, compared to its average volume of 6,392,021. Tesla has a fifty-two week low of $185.00 and a fifty-two week high of $389.61. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business earned $0.71 earnings per share. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. sell-side analysts predict that Tesla will post -11.38 earnings per share for the current fiscal year.

A number of research firms have recently commented on TSLA. Vetr lowered Tesla from a “buy” rating to a “hold” rating and set a $371.10 price objective on the stock. in a research note on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $411.00 price objective (up from $368.00) on shares of Tesla in a research note on Monday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, August 9th. Guggenheim reiterated a “buy” rating and issued a $430.00 price objective on shares of Tesla in a research note on Thursday, August 10th. Finally, Global Equities Research reiterated a “buy” rating and issued a $485.00 price objective on shares of Tesla in a research note on Wednesday, November 29th. Twelve investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Tesla has a consensus rating of “Hold” and an average price target of $331.56.

In other Tesla news, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $313.25, for a total transaction of $543,802.00. Following the sale, the vice president now directly owns 1,225 shares of the company’s stock, valued at $383,731.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Douglas Field sold 600 shares of Tesla stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the sale, the vice president now directly owns 21,424 shares in the company, valued at $6,461,478.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,188 shares of company stock worth $3,310,563. 23.10% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/12/06/tesla-tsla-receiving-somewhat-positive-news-coverage-accern-reports.html.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply