Ferrari N.V. (NYSE: RACE) is 28.81% higher on its value in year-to-date trading and has touched a low of $264.90 and a high of $442.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RACE stock was last observed hovering at around $439.16 in the last trading session, with the day’s loss setting it -3.22%.
Currently trading at $435.94, the stock is 2.41% and 10.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing -0.73% at the moment leaves the stock 27.99% off its SMA200. RACE registered 63.70% gain for a year compared to 6-month gain of 51.57%. The firm has a 50-day simple moving average (SMA 50) of $13.42 and a 200-day simple moving average (SMA200) of $34.94.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 1.72% loss in the last 1 month and extending the period to 3 months gives it a 28.85%, and is 1.12% 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 0.91% over the week and 1.20% over the month.
Ferrari N.V. (RACE) has around 4988 employees, a market worth around $78.65B and $6.45B in sales. Current P/E ratio is 58.43 and Fwd P/E is 46.80. Profit margin for the company is 20.97%. Distance from 52-week low is 64.57% and -1.55% from its 52-week high. The company has generated returns on investments over the last 12 months (25.54%).
Ferrari N.V. quarterly earnings per share for the current quarter are estimated at $2.01 with sales reaching $1.68B over the same period.The EPS is expected to grow by 11.05% this year, but quarterly earnings will post 9.40% year-over-year. Quarterly sales are estimated to grow 11.50% in year-over-year returns.
1,129 institutions hold shares in Ferrari N.V. (RACE), with institutional investors hold 58.32% of the company’s shares. The shares outstanding are 180.42M, and float is at 121.43M with Short Float at 1.41%. Institutions hold 38.48% of the Float.
The top institutional shareholder in the company is Baillie Gifford and Company with over 7.21 million shares valued at $2.35 billion. The investor’s holdings represent 3.90% of the RACE Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 4.38 million shares valued at $1.42 billion to account for 2.37% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 4.04 million shares representing 2.19% and valued at over $1.31 billion, while Bank of Italy holds 1.24% of the shares totaling 2.3 million with a market value of $678.53 million.
