LTN Favorite Ferrari (NYSE:RACE) Above Key Resistance Turned Support

LTN Favorite Ferrari (NYSE:RACE) Above Key Resistance Turned Support

LTN Favorite Ferrari (NYSE:RACE) Above Key Resistance Turned Support


Ferrari (NYSE:RACE) with a market cap near 12-B has been on the stock market since its IPO date on the 21 October 2015. Ferrari is in the Auto Manufacturers – Major industry and Consumer Goods sector and trade as a Luxury brand.

Average volume for Ferrari N.V., is 452.55, and Friday it saw light volume at 230,700 following Thursday’s volume of 95500.

Performance YTD since the 10/21/2015 is 6.40%.

To help you determine whether Ferrari is undervalued the following values will help you decide.

P/E is 32.04 and forward P/E is 27.37.

PEG perhaps more useful shows that Ferrari has a value for PEG of 1.83. P/S ratio is 3.65 and the P/B ratio is 47.95. The P/Cash and P/Free cash flow is 22.23 and 29.41 respectively.

At the current price Ferrari is trading at, 62.01, and  has a dividend yield of 0.82%, this is covered by a payout ratio of 0.00%.

EPS is 1.93, and this is looking to grow in the next year to 10.95% after growing 10.10% this past year. EPS growth Q-Q is 20.10%, and 8.40% for sales growth Quarter over the number of shares outstanding is 189.86, and the number of shares float is 168.55.

Senior management bring insider ownership to *TBA, and institutional ownership is at 62.60%. The float short is 2.52%, with the short ratio at a value of 9.37.

Management has seen a ROA (return on assets) of 8.30%, and also a ROI (return on investment) of 13.40%.

The ability for Ferrari to deal with debt, means it current ratio is 1.6, and quick ratio is 1.4. Long term debt/equity is 9.6 and total debt/equity is 0.

In terms of margins, Ferrari has a gross margin of 48.40%, with its operating margin at 17.40%, and has a profit margin of 11.30%.

The 52 wk high is -1.72%, with 97.81% being its 52 wk low. The 20-Day SMA is 7.74% and the 200-Day SMA is 26.05%.

It has more room to go, the overhead resistance is NIL and the support is strong at 61.27

ymbol Last Trade Date Change Open High Low Volume
NYSE:RACE 62.01 27 January 2017 0.15 62.03 62.14 61.82 230,70
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.48) Bullish (0.27) Bullish (0.46) Very Bullish (0.71)

Have a terrific weekend.

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