Tesla Inc. (TSLA, Financial) is witnessing a relatively subdued options trading volume as investors gear up for an anticipated 10% price movement with the upcoming earnings announcement. At midday trading, Tesla shares have risen approximately $14, or 6%, reaching around $241.65. This increase comes amid a trading volume of over one million options contracts, with a slight preference for call options over puts.
The near-term straddle suggests an expected price swing of about 10%, or roughly $25, which is slightly below the average fluctuation of 11.3% observed over the last eight quarters. Notably, almost 10% of Tesla's open interest in options is set to expire this week. This includes 38,000 put options at a 50 strike price, opened last week and currently 79% out of the money, priced at just 2 cents. Additionally, 20,000 flex put options at a 125.04 strike price were initiated yesterday at 25 cents.
Reflecting on past performance, Tesla's earnings report in January prompted a 2.9% increase in share price, taking it slightly above the $400 mark. Investors are keenly watching the upcoming results to gauge the stock's next move.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 44 analysts, the average target price for Tesla Inc (TSLA, Financial) is $305.21 with a high estimate of $465.70 and a low estimate of $19.05. The average target implies an upside of 26.76% from the current price of $240.77. More detailed estimate data can be found on the Tesla Inc (TSLA) Forecast page.
Based on the consensus recommendation from 54 brokerage firms, Tesla Inc's (TSLA, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tesla Inc (TSLA, Financial) in one year is $289.51, suggesting a upside of 20.24% from the current price of $240.77. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tesla Inc (TSLA) Summary page.
