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Ferrari N.V. (RACE) Is Now En Route to Higher Prices

Ferrari N.V. (NYSE: RACE) is -24.63% lower on its value in year-to-date trading and has touched a low of $167.45 and a high of $278.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RACE stock was last observed hovering at around $193.47 in the last trading session, with the day’s gains setting it 1.61% off its average median price target of $209.92 for the next 12 months. It is also 34.97% off the consensus price target high of $300.00 offered by analysts, but current levels are -26.9% lower than the price target low of $153.73 for the same period.

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Currently trading at $195.08, the stock is 4.25% and 3.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.55 million and changing 0.83% at the moment leaves the stock -11.88% off its SMA200. RACE registered -5.71% loss for a year compared to 6-month loss of -22.28%. The firm has a 50-day simple moving average (SMA 50) of $8.22 and a 200-day simple moving average (SMA200) of $22.95.

The stock witnessed a 10.30% gain in the last 1 month and extending the period to 3 months gives it a -11.32%, and is 2.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.50% over the week and 2.38% over the month.

Ferrari N.V. (RACE) has around 4609 employees, a market worth around $35.86B and $4.27B in sales. Current P/E ratio is 36.33 and Fwd P/E is 33.46. Distance from 52-week low is 16.50% and -30.02% from its 52-week high.

The EPS is expected to grow by 6.20% this year.

Ferrari N.V. (RACE) Top Institutional Holders

The shares outstanding are 183.84M, and float is at 118.21M with Short Float at 1.18%.

Ferrari N.V. (RACE) Insider Activity

A total of 4 insider transactions have happened at Ferrari N.V. (RACE) in the last six months, with sales accounting for 2 and purchases happening 2 times.

Ferrari N.V. (RACE): Who are the competitors?

The company’s main competitors (and peers) include Ferrari N.V. (RACE) that is trading -5.71% down over the past 12 months.

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