The price-to-earnings ratio for Ferrari N.V (NYSE: RACE) is 54.09x, which is above its average ratio. Moreover, the 36-month beta value for RACE is 0.99. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 3 as “sell.”
The public float for RACE is 120.99M and currently, short sellers hold a 1.10% of that float. On November 05, 2024, RACE’s average trading volume was 274.88K shares.
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RACE) stock’s latest price update
The stock price of Ferrari N.V (NYSE: RACE) has plunged by -5.74 when compared to previous closing price of 476.05, but the company has seen a -8.04% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-05 that Ferrari (RACE) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $1.98 per share a year ago.
RACE’s Market Performance
Ferrari N.V (RACE) has seen a -8.04% fall in stock performance for the week, with a -0.18% decline in the past month and a 7.36% surge in the past quarter. The volatility ratio for the week is 1.33%, and the volatility levels for the past 30 days are at 1.16% for RACE. The simple moving average for the last 20 days is -5.65% for RACE stock, with a simple moving average of 4.42% for the last 200 days.
Analysts’ Opinion of RACE
Many brokerage firms have already submitted their reports for RACE stocks, with JP Morgan repeating the rating for RACE by listing it as a “Overweight.” The predicted price for RACE in the upcoming period, according to JP Morgan is $525 based on the research report published on October 11, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see RACE reach a price target of $520, previously predicting the price at $400. The rating they have provided for RACE stocks is “Overweight” according to the report published on August 27th, 2024.
RACE Trading at -5.14% from the 50-Day Moving Average
After a stumble in the market that brought RACE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.94% of loss for the given period.
Volatility was left at 1.16%, however, over the last 30 days, the volatility rate increased by 1.33%, as shares sank -3.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.94% lower at present.
During the last 5 trading sessions, RACE fell by -8.49%, which changed the moving average for the period of 200-days by +32.44% in comparison to the 20-day moving average, which settled at $475.52. In addition, Ferrari N.V saw 32.59% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RACE
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.5 for the gross margin
The net margin for Ferrari N.V stands at 0.22. The total capital return value is set at 0.27. Equity return is now at value 47.62, with 16.47 for asset returns.
Based on Ferrari N.V (RACE), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 36.68.
Currently, EBITDA for the company is 2.31 billion with net debt to EBITDA at 0.76. When we switch over and look at the enterprise to sales, we see a ratio of 11.84. The receivables turnover for the company is 3.31for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.90.
Conclusion
To wrap up, the performance of Ferrari N.V (RACE) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
