Ferrari (RACE) Rises As Market Takes a Dip: Key Facts
From Nasdaq:
Ferrari (RACE) saw a 0.44% increase in stock price to $338.43 in the most recent trading day. Luxury sports car maker shares lost 6.13% in the past month, lagging Auto-Tires-Trucks sector’s 3.74% gain and the S&P 500’s by 5.24% in that time. Analysts expect Ferrari to post $1.55 per share earnings with a 25% growth YoY and estimate a revenue of $1.61 billion.
Investors tracking Ferrari should keep an eye on recent analyst forecasts and revisions, as these influence stock price performance. Ferrari has a Zacks Rank of #2 (Buy), and company valuation shows a Forward P/E ratio of 47.77, indicating a premium compared to its industry. The Automotive – Original Equipment industry, of which Ferrari is a part, ranks in the bottom 43% of all industries.
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