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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising

Last Price: 482.55 - Change: 7.59 - Change %: 1.598
02/12/2025 16:10:00 EST

Ferrari NV (RACE)

Industry: Auto Manufacturers

Price Support Resistance

In the past 20 trading days, RACE has been trading in a range between $459.30 and $418.37 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

RACE is trading below resistance at $496.79, about 3% to the upside. There is support at $469.09 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Ferrari NV $RACE entered a Green zone 20 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $471.2015, a potential upside of 5.55% from the recent price of 446.44. The stock is trading 11.6% (potential upside) below its 52 week high of $498.23 and 19.71 % (potential downside) above its 52 week low of $372.92 - based on the recent price.

Company Summary

Ferrari NV. , through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide.

RACE Website

News

Struggling Europe automakers have no choice but to 'take the situation as it is': Analyst
Horst Schneider of BofA Global Research discusses the struggles faced by Europe's auto sector due to the increasing Chinese competitiveness, made worse by potential Trump tariffs. Meanwhile he highlights that Europe may cut back on their emission regulation targets and reduce their push for electric vehicles.
Source: CNBC International TV
Tue, 11 Feb 2025 11:40:00 -0500
Sentiment: Negative
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), February 10, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on December 5, 2024, as the sixth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Sixth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:
Source: GlobeNewsWire
Mon, 10 Feb 2025 11:19:00 -0500
Sentiment: Neutral
Meet the Supercharged Auto Stock That's a Better Buy Than Tesla
Few stocks have generated investor wealth like Tesla . In the past decade, shares of the electric vehicle (EV) pioneer have soared 2,420%.
Source: The Motley Fool
Mon, 10 Feb 2025 06:30:00 -0500
Sentiment: Positive
Ferrari stock price forms a rare bullish pattern, but risks remain
Ferrari stock price has pulled back in the past few months as some investors question its growth trajectory and demand for its vehicles. RACE has crashed by 10% from its highest level in 2024, meaning that it is in a technical correction.
Source: Invezz
Mon, 10 Feb 2025 03:02:31 -0500
Sentiment: Negative
ALSN or RACE: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Automotive - Original Equipment sector might want to consider either Allison Transmission (ALSN) or Ferrari (RACE). But which of these two stocks offers value investors a better bang for their buck right now?
Source: Zacks Investment Research
Wed, 05 Feb 2025 12:41:30 -0500
Sentiment: Neutral
Instituions Institution %: 39.271
Last QTR Institution change: 429000

Insiders
Insiders %: 33.938
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 0
Insiders Net last QTR: 0

Analyst Ratings
Target Price: 471.2015
Overall Rating: 4.0714
Strong Buys (5): 6
Buys (4): 4
Holds (3): 3
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 498.23
52 Week Low: 386.355
Beta: 0.992
50 Day MA: 437.0132
200 Day MA: 440.1502

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.143
Qtr Revenue Growth YOY: 0.065
Forward PE: 51.0204
Trailing PE: 58.1386

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