Ferraci Stock $RACE swing long-term investment at weekly demandFerrari Stock NYSE:RACE swing long-term investment at weekly demand. The stock has reached a decent weekly demand level at $428 per share and it's trying to create a new bullish leg.
Ferrari
RACE (Ferrari N.V.) BUY TF M15 TP = 479.50On the M15 chart the trend started on Oct.3. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 479.50
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Can a Prancing Horse Outrun an Electric Future?In the ever-evolving landscape of luxury automobiles, Ferrari stands as a beacon of innovation and exclusivity. The recent upgrade from J.P. Morgan, elevating Ferrari's status from "Neutral" to "Overweight," underscores the company's resilience and strategic prowess in navigating complex market dynamics. This vote of confidence, coupled with a substantial increase in the price target to $525, reflects Ferrari's unique position in the luxury sector and its ability to maintain growth even in the face of global economic challenges.
At the heart of Ferrari's success lies a paradoxical strategy that defies conventional wisdom: deliberately producing fewer cars than the market demands. This approach, rooted in the vision of founder Enzo Ferrari, has cultivated an environment of perpetual desire and scarcity. With a staggering backlog of 24 to 30 months, Ferrari has not only engineered exceptional vehicles but has also orchestrated an "underappreciated cultural evolution" within the company. This disciplined approach to growth, combined with the power to command premium prices, provides unparalleled visibility into future earnings and sets Ferrari apart from its luxury peers.
As the automotive industry races towards electrification, Ferrari is poised to redefine the boundaries of performance and sustainability. The company's foray into the electric vehicle market, promising an "incredible driving experience" that remains true to the Ferrari ethos, demonstrates its commitment to innovation while preserving its core values. However, this journey is not without obstacles. Ferrari must navigate challenges such as an ongoing investigation into its chairman and the conclusion of a key partnership with Santander. Yet, with strong financial performance, positive investor sentiment, and a clear strategic vision, Ferrari appears well-equipped to maintain its pole position in the luxury automotive market, promising a future as thrilling and exclusive as its storied past.
Ferrari Reported an Increase in Core Earnings Stock Down 0.61%Ferrari reported a 13% increase in core earnings in the first quarter of 2021, but its shares fell as the luxury sports car maker failed to excite investors. The Italian company said its quarterly results were boosted by pricing power, the mix of product sales, and a greater contribution from personalized vehicles. It also cited rising deliveries of its 2 million euro ($2.2 million) limited-series Daytona SP3 model. CEO Benedetto Vigna said Ferrari ( NYSE:RACE ) had produced double-digit growth for both revenue and profits despite stable car deliveries.
The company's adjusted earnings before interest, tax, depreciation and amortization (EBITDA) reached 605 million euros in January-March, in line with analyst expectations. However, shipment fell by seven units to 3,560, dragged by a 20% drop in the China, Hong Kong, and Taiwan region. Ferrari confirmed its forecast for full-year adjusted EBITDA to increase to at least 2.45 billion euros in 2024.
The company's net revenues of Euro 1,585 million, up 10.9% versus the prior year, with total shipments of 3,560 units $1flat versus Q1 2023. Adjusted EBIT(1) of Euro 442 million, up 14.8% versus the prior year, with adjusted EBIT(1) margin of 27.9%. Adjusted net profit of Euro 352 million and adjusted diluted EPS(1) at Euro 1.95 were up 12.7% versus the prior year, with adjusted EBITDA(1) margin of 38.2%.
The product portfolio in the quarter included nine internal combustion engine (ICE) models and four hybrid engine models, which represented 54% and 46% of total shipments, respectively. Revenues from Cars and spare parts were Euro 1,382 million, up 11.4% or 13.5% at constant currency(1). Sponsorship, commercial, and brand revenues reached Euro 145 million, up 11.6% or 12.0% at constant currency(1) attributable to new sponsorships, partially offset by lower Formula 1 ranking in 2023 vs. 2022. Other revenues were flat, with higher revenues from financial services activities offset by the decreased contribution from the Maserati contract which expired in 2023.
Currency had a negative net impact of Euro 26 million, mostly related to the Chinese Yuan, Japanese Yen, and US Dollar. Q1 2024 Adjusted EBITDA reached Euro 605 million, up 12.7% versus the prior year and with an Adjusted EBITDA(1) margin of 38.2%. Industrial free cash flow for the quarter was strong at Euro 321 million, driven by the increased Adjusted EBITDA, partially offset by capital expenditures of Euro 195 million and the increase in working capital, provisions, and other of Euro 71 million. As of March 31, 2024, the company was in a Net Industrial Cash position of Euro 38 million for the first time, compared to Net Industrial Debt of Euro 99 million as of December 31, 2023, also reflecting share repurchases of Euro 136 million.
Ferrari Races Higher, Bulls Eye $550 After Key Resistance BreakBuckle up, Ferrari (RACE) fans! The Italian Stallion is back in the driver's seat, and I am bullish after a crucial resistance level was shattered.
Ferrari stock surged past $370 resistance, a key technical hurdle that has capped the stock's potential for some time. This breakout suggests a bullish trend could be taking hold, with some expert analysts eyeing a potential surge to $550 in the coming months.
Ferrari Sets New Record Highs On Earnings
Ferrari (NYSE: NYSE:RACE ), the iconic luxury sports car manufacturer, is making headlines once again as its stock ( NYSE:RACE ) catapults to all-time highs, fueled by impressive Q4 earnings and the potential signing of Formula 1 legend Lewis Hamilton. The renowned racing driver, a seven-time World Drivers' Championship winner, could be donning the iconic red suit for Ferrari in the 2025 season, signaling a significant shift in the F1 landscape.
Earnings Triumph:
Ferrari ( NYSE:RACE ) reported Q4 adjusted earnings of 1.62 euros per share, exceeding forecasts with a 33% year-over-year increase. Net revenues for the quarter surged by 11% to 1.52 billion euros, surpassing FactSet analysts' expectations. The company delivered 1,493 cars to the EMEA market, while deliveries to the Americas rose by 6%. Despite a 25% drop in deliveries to China, Hong Kong, and Taiwan, Ferrari's ( NYSE:RACE ) overall performance paints a robust picture.
Full-year shipments rose by 3% to 13,663 vehicles, although China deliveries experienced a 4% decline. Notably, cars and spare parts revenue jumped by 12% to 1.29 billion euros for the quarter, showcasing the brand's enduring appeal and solid financial performance.
Strategic Guidance:
Ferrari ( NYSE:RACE ) provided optimistic guidance for 2024, expecting earnings to increase nearly 9% to 7.5 euros per share or more, with revenue projected to grow by about 7% to 6.4 billion euros or greater. Analysts at FactSet anticipate adjusted earnings of 7.53 euros per share on 6.45 billion euros in revenue, aligning with Ferrari's ( NYSE:RACE ) bullish outlook.
Lewis Hamilton's Potential Move:
In a surprising turn of events, reports suggest that Lewis Hamilton, a stalwart with Mercedes, might be on the verge of joining Ferrari ( NYSE:RACE ) for the 2025 season. The seven-time World Champion, who currently holds the record for the most Grand Prix victories at 103 wins, could form a formidable alliance with Ferrari's rising star, Charles Leclerc.
Hamilton's potential move adds an extra layer of excitement to the F1 narrative, as the partnership aims to challenge Red Bull's Max Verstappen, the current driver behind F1's dominance. If the speculated move materializes, it could mark a historic moment in the world of motorsports, bringing together one of the greatest drivers with one of the most iconic teams in the sport's history.
Market Reaction:
Investors responded swiftly to the positive earnings report and the Hamilton news, propelling Ferrari ( NYSE:RACE ) stock to a 12% surge to all-time highs. The move has positioned NYSE:RACE stock into a buy zone. The stock's strong ascent has also propelled it above its 50-day moving average, signaling continued market enthusiasm.
Conclusion:
Ferrari's ( NYSE:RACE ) record-breaking performance, both on the financial front and the potential addition of Lewis Hamilton to its roster, underscores the brand's enduring appeal and strategic vision for F1 dominance. As the luxury carmaker revs up for the future, investors and racing enthusiasts alike are eagerly anticipating the unfolding chapters in Ferrari's ( NYSE:RACE ) storied history. The convergence of financial success and high-profile partnerships positions Ferrari as a driving force in both the automotive and motorsports industries.
Porsche with one of the highest profit margins per carPorsche, one of the automotive manufacturers with one of the highest profit margins per car in the world. After RACE, Ferrari, it's Porsche, it seems to me.
This stock has returned to its IPO price...
Undervalued in my opinion.
- Price-To-Earnings ratio (12.9x) is below the German market (16.1x)
- Earnings are forecast to grow 5.77% per year
- Earnings grew by 3.3% over the past year
- Analysts in good agreement that stock price will rise by 33.9%
- No risks detected for P911
- Revenue is meaningful (€41B)
- Market cap is meaningful (€67B)
- The company’s earnings are high quality
- Debt level is low and not considered a risk
FERRARI: GARTLEY detected + Monitor GapsFERRARI: GARTLEY detected + Monitor Gaps
On the rise:
-possible rebound on the GAP around 327
On the decline :
-return to the EMA.50 around 314
-Then Gap, around 311
-and then EMA.200 around 288.
Pay attention to the GAP at the bottom, around 208
#RACE What recession? Ferrari racing away!i0.wp.com
Stock has broken out of this broadening pattern to reach new all-time highs with a measured target of at least $360.00 after beating expectations and and raising guidance.
Ferrari Stock Is on Track to Hit All-Time Highs — WSJ
Nov 3, 202321:31 GMT+2
RACE
+1.78%
By Hardika Singh
The company that makes some of the hottest cars in the world has a hot stock.
Ferrari shares recently rose 2.4% to $331 Friday, on course to set at a record high, after the Italian sports-car maker on Thursday reported earnings (www.wsj.com) that exceeded expectations.
The company raised its full-year guidance after profit jumped 45% and revenue grew 24% in the third quarter from a year ago, thanks to a better sales mix and higher demand for vehicle customization.
Ferrari shares are up 54% this year.
Ferrari to Start Accepting Crypto Payments in U.S: ReutersFerrari (RACE) will start accepting cryptocurrency as a payment method in the U.S., according to a report by Reuters on Saturday.
The Maranello, Italy-based luxury sports car manufacturer will subsequently extend the scheme to Europe in response to demand from its wealthy customers, Reuters reported, citing Chief Marketing and Commercial Officer Enrico Galliera.
Ferrari will use crypto payments provider BitPay to process transactions in bitcoin (BTC), ether (ETH) and stablecoin USD coin (USDC) in the initial rollout in the U.S.
Some are young investors who have built their fortunes around cryptocurrencies," Galliera said. "Some others are more traditional investors, who want to diversify their portfolios."
Despite crypto's popularity as an investment tool, for major companies to accept it as method of payment remains rare. In February 2021, Elon Musk's electric-car company Tesla (TSLA) began accepting bitcoin payments but discontinued the service only three months later, citing environmental concerns over the electricity usage involved in bitcoin mining.
Neither Ferrari nor BitPay immediately responded to CoinDesk's request for comment.
Ferrari begins accepting crypto currency as means of paymentThis is huge for Ferrari and we are expecting a surge in price for the RACE Ferrari stock
Race Ferrari:Hitting the Brakes on a Volatile Day
Race Ferrari (NYSE) presents an enticing opportunity for investors looking to go long in the luxury automotive sector. Ferrari, known for its iconic brand and high-performance vehicles, has demonstrated resilience amid economic uncertainties.
One compelling reason to consider a long position is Ferrari's strong brand loyalty and demand for its premium cars, which has shown no signs of waning. Additionally, as the global economy recovers, luxury car sales tend to rebound strongly.
With a track record of steady growth and a commitment to sustainability, Ferrari is well-poised for future success. Its expansion into electric vehicles and continued focus on innovation ensures it remains at the forefront of the automotive industry.
Furthermore, technical analysis reveals positive signals, including moving averages and relative strength index (RSI), supporting a bullish outlook.
While no investment is without risks, Ferrari's unique market position and promising future prospects make it an attractive choice for those considering a long-term investment strategy in the automotive industry.
FERRARI ($RACE) at the resistance area!From a technical point of view, Ferrari ( NYSE:RACE ) Stock Trend is bullish, but at the same time it has reached an important resistance area around $300/320, and from here it could trigger a short-term corrective structure. The minor structure 12345 might be completed, but as we can see from the chart, it might be a wave 5 of 3 (major), so once the correction is completed, I don't rule out a new bullish leg.
Trade with care!
Like if my analysis is useful.
Cheers!
Ferrari Rising Wedge in Long TermWhen we look at the Ferrari graph on an annual basis, we see a rising wedge. Generally, assuming the wedge has broken downwards, the next target will be the $150 level. If we need to support this technical analysis with fundamental analysis, it is striking that especially the PEG ratio is too high. As long as the wedge doesn't break higher ($218), I will keep the $150 level as a target. When it reaches the $150 level, I will analyze the target again on my page for a buying opportunity.
RACE-Ferrari Ferrari symbol in the stock market.
The price has broken the downtrend line and will correct.
To notify the analysis, follow me and contact me if you have any comments or questions.
RACE- Ferrari N.VI analyzed the Ferrari symbol in the stock market.
Follow me, like, comment, and ask questions.
For the Long-term time frame, there is still an upward trend.
However, the price in the mid-term time frame is corrected in a wedge.
So it can find an entry zone to buy after the end of the correction.
Observe the money management and the stop loss.
RACE | Ferrari A Ditching CarMy position and play is marked on the chart. Expecting selling to continue and target is the bottom zone at $206-$209 level.
FERRARI (RACE) in support Ferrari (RACE) is near 192€ former resistance, that should work as a support this time. It's also at the bottom of a 3 year channel.
Could be an entry point if we see any interesting pattern.
Ferrari: the downside prevails as long 234.2 is resistance.The RSI is below its neutrality area at 50.
The MACD is below its signal line and negative.
The configuration is negative.
Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 226.445 and 228.974).
Our preference: The downside prevails as long as 234.2 is resistance.
Alternative scenario: The upside breakout of 234.2 would call for 243.2 and 248.7.
RACE Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
10% in ten daysFerrari rides 7% in next 7days…
Purosangue presentation happening soon…. Long trend happening soon… NYSE:RACE
Ferrari (RACE) In a week of uncertainty, especially on the Nasdaq, which is on a critical point, see the article I posted last week for a more in-depth analysis, Ferrari finally seems to have started its bullish phase, after the long decline that the 'led to a loss of 36% from the beginning of 2021 to the beginning of March.
The price strongly breaks the bearish trendline on Monday, then tries to continue quickly on Tuesday, and then retraces with a two-day pullback.
The stock closed up at € 173.40 yesterday.
My idea about Ferrari in the long term, especially after the post-pandemic economic recovery is clearly Bullish, while in the medium term I believe that the title can easily reach the 178-180 area.
If the uptrend line were to keep and the global situation, also thanks to the summer period, were to improve, as we all hope, the second target is in the 190 area.
LazyBull
RACE 3:1 tradeI missed the Euro trade session, NYSE:RACE gapped up in the US. A possible 1:3 risk:reward trade; stop near the close of the gap.
