Ferrari N.V (NYSE: RACE) kicked off on Tuesday, up 3.07% from the previous trading day, before settling in for the closing price of $460.80. Over the past 52 weeks, RACE has traded in a range of $375.31-$498.23.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 12.01%. While this was happening, its average annual earnings per share was recorded 6.46%. With a float of $120.69 million, this company’s outstanding shares have now reached $179.40 million.
The extent of productivity of a business whose workforce counts for 4988 workers is very important to gauge. In terms of profitability, gross margin is 49.8%, operating margin of 27.78%, and the pretax margin is 27.54%.
Ferrari N.V (RACE) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Auto Manufacturers Industry. The insider ownership of Ferrari N.V is 32.73%, while institutional ownership is 36.39%.
Ferrari N.V (RACE) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.46% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.43% during the next five years compared to 17.11% growth over the previous five years of trading.
Ferrari N.V (NYSE: RACE) Trading Performance Indicators
Take a look at Ferrari N.V’s (RACE) current performance indicators. Last quarter, stock had a quick ratio of 1.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.80. Likewise, its price to free cash flow for the trailing twelve months is 54.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.15, a number that is poised to hit 2.38 in the next quarter and is forecasted to reach 10.75 in one year’s time.
Technical Analysis of Ferrari N.V (RACE)
The latest stats from [Ferrari N.V, RACE] show that its last 5-days average volume of 0.46 million was superior to 0.34 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 76.84%. Additionally, its Average True Range was 10.40.
During the past 100 days, Ferrari N.V’s (RACE) raw stochastic average was set at 79.09%, which indicates a significant decrease from 96.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.33% in the past 14 days, which was higher than the 28.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $437.01, while its 200-day Moving Average is $440.15. Now, the first resistance to watch is $479.31. This is followed by the second major resistance level at $483.65. The third major resistance level sits at $490.31. If the price goes on to break the first support level at $468.31, it is likely to go to the next support level at $461.65. Assuming the price breaks the second support level, the third support level stands at $457.31.
Ferrari N.V (NYSE: RACE) Key Stats
The company with the Market Capitalisation of 85.21 billion has total of 243,751K Shares Outstanding. Its annual sales at the moment are 7,226 M in contrast with the sum of 1,647 M annual income. Company’s last quarter sales were recorded 1,852 M and last quarter income was 410,710 K.
