Ferrari N.V [RACE] stock prices are up 3.07% to $474.96 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RACE shares have gain 3.41% over the last week, with a monthly amount glided 10.64%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Barclays downgraded its rating to Equal Weight on February 05, 2025. On October 11, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $525 on the stock. Morgan Stanley reiterated its Overweight rating and increased its price target to $520 on August 27, 2024. Barclays upgraded its rating to a Overweight. In a note dated April 04, 2024, Barclays downgraded an Equal Weight rating on this stock.
The stock price of Ferrari N.V [RACE] has been fluctuating between $375.31 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 $474.96 at the most recent close of the market. An investor can expect a potential return of 14.22% based on the average RACE price forecast.
Analyzing the RACE fundamentals
The Ferrari N.V [NYSE:RACE] reported sales of 7.22B for trailing twelve months, representing a surge of 13.06%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.93.
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 468.31 points at the first support level, and at 461.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 479.31, and for the 2nd resistance point, it is at 483.65.
Ratios To Look Out For
It’s worth pointing out that Ferrari N.V [NYSE:RACE]’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 11.80, the price to book ratio is 22.88 and price to earnings (TTM) ratio is 51.88.
