28-Mar-2024
At 51.8x Forward Earnings, Can Ferrari Stock (NYSE:RACE) Keep Rising?
TipRanks (Thu, 28-Mar 11:03 PM ET)
Ferrari (RACE) Receives a Buy from RBC Capital
TipRanks (Thu, 28-Mar 10:35 AM ET)
Kepler Capital Sticks to Their Hold Rating for Ferrari (RACE)
TipRanks (Wed, 27-Mar 9:35 PM ET)
Ferrari N.V. Progresses with Major Share Buyback
TipRanks (Mon, 25-Mar 2:27 PM ET)
Ferrari N.V.: Periodic Report on the Buyback Program
Globe Newswire (Mon, 25-Mar 1:05 PM ET)
TipRanks (Mon, 25-Mar 5:40 AM ET)
Ferrari Publishes Agenda for the 2024 AGM
Globe Newswire (Tue, 5-Mar 12:41 PM ET)
Ferrari Releases Its 2023 Annual Report and Files Annual Report on Form 20-F
Globe Newswire (Thu, 22-Feb 4:03 PM ET)
Dividend Distribution Proposal
Globe Newswire (Thu, 22-Feb 2:29 PM ET)
Record 2023 Results Strengthen the Foundation for Continuous Growth
Globe Newswire (Thu, 1-Feb 6:13 AM ET)
Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.
Ferrari N.V. Common Shares trades on the NYSE stock market under the symbol RACE.
As of March 28, 2024, RACE stock price declined to $435.94 with 170,528 million shares trading.
RACE has a beta of 1.24, meaning it tends to be more sensitive to market movements. RACE has a correlation of 0.32 to the broad based SPY ETF.
RACE has a market cap of $78.57 billion. This is considered a Large Cap stock.
Last quarter Ferrari N.V. Common Shares reported $2 billion in Revenue and $1.74 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.12.
In the last 3 years, RACE stock traded as high as $442.80 and as low as $167.45.
The top ETF exchange traded funds that RACE belongs to (by Net Assets): GSIE, DFAI, DIHP, DFIC, DFAX.
RACE has outperformed the market in the last year with a price return of +64.5% while the SPY ETF gained +33.6%. RACE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +28.8% and +3.2%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
RACE support price is $433.95 and resistance is $444.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RACE stock will trade within this expected range on the day.