Ferrari (NYSE:RACE) Stock: Looking at the Technical’s

Ferrari (NYSE:RACE) Stock: Looking at the Technical’s

Ferrari (NYSE:RACE) Stock: Looking at the Technical’s

$RACE

Ferrari (NYSE:RACE) based in Maranello, Italy, Ferrari N.V. has a market cap of nearly $21-B. Friday in New York it closed at  101.47 with the volume at 470,500/shares exchanged.

Investors has seen a ROE (return of equity) of 104.40%. Performance YTD of 89.51%.

Currently Ferrari, has an EPS of 3.17, which has grown by 38.50% this year. EPS is also projected to grow 8.36% next year, and 11.30% for the next 5 years.

Sales growth Q-Q is 6.70%, with EPS growth Q-Q at 24.20%.

As with most large market cap Aristocrat stocks, it has a good dividend yield of 0.63%.

The ability for Ferrari to pay for the 0.63% dividend yield is 23.50% payout ratio. Also generally volatility for large market cap stocks are lower so for Ferrari, volatility for the week has been 1.02%, and for the month 1.35%.

Investors see that Ferrari, has a long term debt/equity of 2.78, with total debt/equity coming to 2.78. The ability for Ferrari to pay these debts is as follows; current ratio is 1.6 and quick ratio comes to 1.3.

In terms of value

Ferrari has a luxury products P/E value of 34.71, combined with a forward P/E of 36.95. While PEG ratio ideally wants to be as low as possible, and it is 3.07. The same goes for P/S and P/B, you want these value to be lower, to represent a potential undervalued company, and they have a P/S and P/B of 5.22 and 27.41 respectively.

There is a P/Cash flow of 28.56 and a P/Free cash flow of 22.95.

Company management has seen, a ROI (return of investment0 of 19.70% and return on assets of 12.90%.

Insiders own 34.32% of Ferrari, and institutional ownership is at 39.80%.

With a gross margin of 50.70% and operating margin of 21.60% it  means there is a profit margin of 15.00%.

Total shares outstanding is 190.42-M, with shares float coming to 124-M. The 200-Day SMA is 19.10% and the 20-Day SMA is at  -3.23%.

Recently Ferrari has seen performance on the week at -0.24%. While on the month it has been -3.86%.

Longer term we see that it has been -4.34% for the Quarter and for 2-H Y 2017 at + 29.94%, on the year performance has come to _ 108.83%.

Ferrari has an EPS growth projection for the next 5 years of 11.30%.

The future for Ferrari looks Bullish to me.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 107.47 1 December 2017 -1.13 107.6 108.21 106 490,500
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (-0.11) Neutral (-0.06) Neutral (-0.15) Neutral (-0.12)

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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