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TSLA’s 2023 Market Dance: Down -30.53% – Time to Invest?

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. Until today this year the stock’s price performance recorded a decrease of -30.53%. However, over the last six months, the performance has been stronger by -29.50%. The price of TSLA decreased -10.07% over the last 30 days. And in the last five days, it has fallen by -0.67%.

Tesla Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $299.29 on 07/19/23, and the lowest price during the same period was recorded at $152.37 on 04/27/23.

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52-week price history of TSLA Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Tesla Inc’s current trading price is -42.32% away from its 52-week high, while its distance from the 52-week low is 13.30%. The stock’s price range over this timeframe has been between $152.37 and $299.29. The shares of the Consumer Cyclical sector company recorded a trading volume of approximately 73.89 million for the day, which was comparatively lower than the average daily volume of 103.69 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Tesla Inc (TSLA) has experienced a quarterly decline of -32.17% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 549.79B and boasts a workforce of 140473 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 213.46, with a change in price of -24.73. Similarly, Tesla Inc recorded 110,568,523 in trading volume during the last 100 days, posting a change of -12.53%.

TSLA’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for TSLA stands at 0.15. Similarly, the long-term debt-to-equity ratio is also 0.10.

TSLA Stock Stochastic Average

The raw stochastic average for Tesla Inc over the last 50 days is presently at 18.70%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 26.88%. Further, the company’s Stochastic %K and %D values for the last 20 days were 25.69% and 27.30%, respectively.

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