Ferrari N.V [RACE] stock is trading at $459.30, up 7.08%. An important factor to consider is whether the stock is rising or falling in short-term value. The RACE shares have gain 6.54% over the last week, with a monthly amount glided 10.30%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ferrari N.V [NYSE: RACE] stock has seen the most recent analyst activity on October 11, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $525 from $385. Previously, Morgan Stanley reaffirmed its Overweight rating on August 27, 2024, and elevated its price target to $520. On August 02, 2024, upgrade upgraded it’s rating to Overweight. Barclays downgraded its rating to a Equal Weight. Citigroup downgraded its rating to Sell for this stock on March 04, 2024. In a note dated December 13, 2023, HSBC Securities downgraded an Hold rating on this stock.
Ferrari N.V [RACE] stock has fluctuated between $368.80 and $498.23 over the past year. Currently, Wall Street analysts expect the stock to reach $542.5 within the next 12 months. Ferrari N.V [NYSE: RACE] shares were valued at $459.30 at the most recent close of the market. An investor can expect a potential return of 18.11% based on the average RACE price forecast.
Analyzing the RACE fundamentals
Ferrari N.V [NYSE:RACE] reported sales of 7.01B for the trailing twelve months, which represents a growth of 7.55%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.45 and Total Capital is 0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.93.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 451.87 points at the first support level, and at 444.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 468.45, and for the 2nd resistance point, it is at 477.59.
Ratios To Look Out For
For context, Ferrari N.V’s Current Ratio is 1.90. On the other hand, the Quick Ratio is 1.47, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 11.76, the price to book ratio is 22.13 and price to earnings (TTM) ratio is 53.39.
