+Compare
RACE
Stock ticker: NYSE
AS OF
Loading...
Price
Loading...
Change
Loading...
Capitalization
66.57B

RACE Ferrari NV Forecast, Technical & Fundamental Analysis

an operator of an automobile company, which engages in the designing, engineering, producing and selling of sports cars

Industry MotorVehicles
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for RACE with price predictions
07:00 PM EST Dec 03, 2023

RACE sees MACD Histogram just turned negative

RACE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 30, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for RACE moved out of overbought territory on November 30, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 52 similar instances where the indicator moved out of overbought territory. In of the 52 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on December 04, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RACE as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RACE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

RACE broke above its upper Bollinger Band on November 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

RACE moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for RACE crossed bullishly above the 50-day moving average on November 02, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RACE advanced for three days, in of 363 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 357 cases where RACE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. RACE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (21.413) is normal, around the industry mean (6.567). P/E Ratio (51.813) is within average values for comparable stocks, (20.818). Projected Growth (PEG Ratio) (2.795) is also within normal values, averaging (5.781). RACE has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.043). P/S Ratio (10.504) is also within normal values, averaging (23.627).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 33.39B. The market cap for tickers in the group ranges from 1.89M to 784.3B. TSLA holds the highest valuation in this group at 784.3B. The lowest valued company is VLCN at 1.89M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -1%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was 109%. ELEK experienced the highest price growth at 30%, while CENN experienced the biggest fall at -92%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was 32%. For the same stocks of the Industry, the average monthly volume growth was 18% and the average quarterly volume growth was -5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 46
P/E Growth Rating: 67
Price Growth Rating: 57
SMR Rating: 67
Profit Risk Rating: 86
Seasonality Score: 32 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
Ad is loading...
A.I. Advisor
published Earnings

RACE is expected to report earnings to fall 13.74% to $1.57 per share on February 01

Ferrari NV RACE Stock Earnings Reports
Q4'23
Est.
$1.57
Q3'23
Beat
by $0.11
Q2'23
Missed
by $0.08
Q1'23
Beat
by $0.02
Q4'22
Missed
by $0.04
The last earnings report on November 02 showed earnings per share of $1.82, beating the estimate of $1.71. With 395.52K shares outstanding, the current market capitalization sits at 66.57B.
A.I.Advisor
published Dividends

RACE paid dividends on May 05, 2021

Ferrari NV RACE Stock Dividends
А dividend of $0.87 per share was paid with a record date of May 05, 2021, and an ex-dividend date of April 19, 2021. Read more...
A.I. Advisor
published General Information

General Information

an operator of an automobile company, which engages in the designing, engineering, producing and selling of sports cars

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
Motor Vehicles
Address
Via Abetone Inferiore n. 4
Phone
+39 536949111
Employees
4919
Web
https://www.ferrari.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
GRC33.091.27
+3.99%
Gorman-Rupp Company (The)
ZVRA5.070.11
+2.22%
Zevra Therapeutics
CAH107.460.30
+0.28%
Cardinal Health
OLK25.84N/A
N/A
Olink Holding AB (publ)
VAPO2.39-0.15
-5.91%
Vapotherm

RACE and

Correlation & Price change

A.I.dvisor indicates that over the last year, RACE has been closely correlated with GM. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if RACE jumps, then GM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RACE
1D Price
Change %
RACE100%
-0.94%
GM - RACE
68%
Closely correlated
+2.19%
F - RACE
67%
Closely correlated
+1.13%
TM - RACE
65%
Loosely correlated
-2.79%
HMC - RACE
64%
Loosely correlated
-2.92%
TSLA - RACE
60%
Loosely correlated
-1.37%
More

Groups containing RACE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RACE
1D Price
Change %
RACE100%
-0.94%
RACE
(undefined stocks)
98%
Closely correlated
+0.80%
top brands
(undefined stocks)
69%
Closely correlated
-0.08%
Motor Vehicles
(undefined stocks)
68%
Closely correlated
-0.10%
europe
(undefined stocks)
66%
Loosely correlated
-0.02%
sports
(undefined stocks)
56%
Loosely correlated
+0.73%
More