Can Tesla Motors Inc’s (NASDAQ:TSLA) Surpass its 52 Week High?

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By Jessica Schultz on August 14, 2014 Technology & Software

On August 13, 2014, Tesla Motors Inc (NASDAQ:TSLA) went up to $265.35 and made a 52 week high after the successful opening of two new power stations in the region of U.K.

According to the sources, the company opened one of its new power stations in the Hyatt Regency region of London whereas it opened the other one in the Hyatt Regency region of Birmingham.

Tesla Motors Inc (NASDAQ:TSLA) further said that it planned on opening up at least 11 new supercharger power stations over the next year in the region of U.K.

Coming to the ratings of the stock, ratings team at Stocks.org gave the stocks ratings of ‘hold’ with a score of C-. When asked about their recommendation, the ratings team said that there were certain factors that it considered before giving the new score and ratings. It further said that the company’s positive points included its revenue growth, solid stock performance and remarkable ROE (returns on equity). However, it also listed down some of the negative points as well, which included comparatively higher debt levels, unimpressive profit margins and poor net income growth.

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Some other highlights from the Report:

The revenue growth of Tesla Motors Inc (NASDAQ:TSLA) is remarkable as it has surpassed the average of the industry. The revenues increased by 89.9 percent when compared with the figures of the same quarter a year back. However, this increase in the revenue has not reached the bottom line yet for the earnings are constantly on a decline.
The stocks of the company have gained more than 88 percent over a period of one year. However, the ‘hold’ ratings given by TheStreet team suggests that the prices of the stock are unlikely to increase in the near future; hence, additional financing would not be suggested.
Coming to the EPS (earnings per share) of Tesla Motors Inc (NASDAQ:TSLA), the figures are on a decline when compared with the numbers of the same quarter a year back. However, analysts are of the opinion that the earnings will rise over the next few quarters. The company reported total earnings of -$0.71 during the last fiscal year; this year, the market predicts the earnings to go up to $1.16.
Tesla Motors Inc (NASDAQ:TSLA), based on the net income figures, have underperformed in both the Automobile industry as well as the S&P 500 index. The company reported a net income of -$61.90 during the most recent quarter; a decrease of 102.9 percent can be seen when compared with the figures of the same quarter a year back.
Coming to the debt to equity ratio of the company, currently, the ratio is quite high with numbers touching the value of 2.57.

Coming to the stock price of the company, on the last trade day, August 13, 2014, Tesla Motors Inc (NASDAQ:TSLA) opened its stocks at a price of $262.01 and closed at a price of $260.31, after hitting the 52 week high of $265.64. The company has a market capitalization of 31.44 billion.