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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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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