Ferrari N.V (NYSE: RACE) is 27.52% higher on its value in year-to-date trading and has touched a low of $330.15 and a high of $498.23 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 $431.70 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $431.57, the stock is -2.77% and -6.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing -0.03% at the moment leaves the stock -0.93% off its SMA200. RACE registered 17.19% gain for a year compared to 6-month gain of 5.52%. The firm has a 50-day simple moving average (SMA 50) of $461.0988 and a 200-day simple moving average (SMA200) of $435.34924.
The stock witnessed a -11.55% loss in the last 1 month and extending the period to 3 months gives it a -12.03%, and is 1.03% 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 1.18% over the week and 1.55% over the month.
Ferrari N.V (RACE) has around 4988 employees, a market worth around $77.42B and $7.01B in sales. Current P/E ratio is 50.17 and Fwd P/E is 44.83. Profit margin for the company is 22.14%. Distance from 52-week low is 30.72% and -13.38% from its 52-week high. The company has generated returns on investments over the last 12 months (26.81%).
The EPS is expected to grow by 17.01% this year
The shares outstanding are 180.42M, and float is at 120.75M with Short Float at 1.10%.
The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 6.02 million shares valued at $2.46 billion. The investor’s holdings represent 3.3394 of the RACE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.59 million shares valued at $1.87 billion to account for 2.5465 of the shares outstanding. The other top investors are BANK OF AMERICA CORP /DE/ which holds 2.6 million shares representing 1.4431 and valued at over $1.06 billion, while AMUNDI holds 1.3395 of the shares totaling 2.41 million with a market value of $1.02 billion.
