Tesla Motors Inc TSLA shares have had yet another magical run to the upside – making it to $258.75 last Monday from $181.30 as recently as March 30.
However, technicians are warning of a potential bearish set-up developing on the charts – one that can only be negated by even more upside on the part of an already stretched-out stock.
Does Mr. Musk have enough genius moves up his sleeve to power Tesla's stock through the dreaded "right shoulder" resistance of the developing "head & shoulders" formation (more on that below)?
Below is a look at the fundamentals and technicals for Tesla to find out:
What the bulls see in Tesla
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- An enterprise value of $32.82 billion that just eclipses the stock's market capitalization of $31.37 billion
- A PE of 70 that is trumped by estimated revenue and EPS growth for next year of 53% and 17,000%
- An OK short-term balance sheet picture as evidenced by the current ratio of 1.30
- A company that has only gotten as far as it has by the good graces of government grants – not on running a profitable business.
- A price-to-book ratio of 38.35
- A price-to-sales ratio of 9.01
- Negative profit margins
- Negative management effectiveness ratios
- Negative operating and levered free cash flows annually
- Total cash of only $1.51 billion that is trumped by the total debt of $2.65 billion
- A debt-to-equity ratio of 320.32
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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