Charming Stock: Ferrari N.V. (NYSE: RACE)

On 26 Nov 2019, Ferrari N.V. stock identified change of 81.18% away from 52-week low price and recently located move of -1.65% off 52-week high price. It has market worth of $31604.65M. RACE stock has been recorded 7.96% away from 50 day moving average and 13.72% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.48% off 20-day moving average.

Ferrari N.V. (RACE) recently stated its consolidated preliminary results for the third quarter and nine months ended September 30, 2019, summarized as follows.

Total shipments of 2,474 units, up +9.4%

Net revenues of Euro 915M, up +9.2% or +7.1% at constant currency

Adj. EBITDA of Euro 311M, up +11.5% with an EBITDA margin of 33.9%

Adj. diluted EPS of Euro 0.90 (+16.9%)

Industrial free cash flow generation of Euro 138M

The Guidance 2019 is upgraded as follows:

Net revenues: ~Euro 3.7B (from > Euro 3.5B)

Adj. EBITDA: ~Euro 1.27B (from Euro 1.2-1.25B)

Adj. EBIT: ~Euro 0.92B (from Euro 0.85-0.9B)

Adj. diluted EPS: Euro 3.70-3.75(3) per share (from Euro 3.50-3.70 per share)

Industrial free cash flow: > Euro 0.6B (from > Euro 0.55B)

Ferrari N.V. noticed change of 1.42% to $170.04 along volume of 314571 shares in recent session compared to an average volume of 411.03K. RACE’s shares are at 7.86% for the quarter and driving a 55.69% return over the course of the past year and is now at 71.00% since this point in 2018. The average volatility for the week at 1.08% and for month was at 1.06%.


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