Ferrari N.V (NYSE: RACE) is 19.49% higher on its value in year-to-date trading and has touched a low of $391.54 and a high of $509.13 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 $491.56 in the last trading session, with the day’s loss setting it -1.36%.
Currently trading at $490.2, the stock is 2.86% and 2.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing -0.28% at the moment leaves the stock 7.37% off its SMA200. RACE registered 15.38% gain for a year compared to 6-month gain of 14.86%. The firm has a 50-day simple moving average (SMA 50) of $477.2594 and a 200-day simple moving average (SMA200) of $456.56076.
The stock witnessed a 3.04% loss in the last 1 month and extending the period to 3 months gives it a 11.78%, and is 2.65% 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 1.37% over the week and 1.40% over the month.
Ferrari N.V (RACE) has around 5435 employees, a market worth around $87.35B and $7.39B in sales. Current P/E ratio is 51.85 and Fwd P/E is 41.63. Profit margin for the company is 22.99%. Distance from 52-week low is 25.20% and -3.72% from its 52-week high. The company has generated returns on investments over the last 12 months (28.14%).
with sales reaching $1.83B over the same period.The EPS is expected to grow by 17.44% this year, but quarterly earnings will post 7.69% year-over-year. Quarterly sales are estimated to grow 6.72% in year-over-year returns.
1399.0 institutions hold shares in Ferrari N.V (RACE), with institutional investors hold 59.90% of the company’s shares. The shares outstanding are 178.20M, and float is at 126.06M with Short Float at 1.70%. Institutions hold 41.64% of the Float.
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 3.345 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 2.5507 of the shares outstanding. The other top investors are BANK OF AMERICA CORP /DE/ which holds 2.6 million shares representing 1.4455 and valued at over $1.06 billion, while AMUNDI holds 1.3418 of the shares totaling 2.41 million with a market value of $1.02 billion.
