Ferrari N.V. : The underlying trend is in force again
Entry price | Target | Stop-loss | Potential |
---|
US$52.01 |
US$56 |
US$50.7 |
+7.67% |
---|
Shares in Ferrari NV show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● The tendency within the weekly time frame is positive above the technical support level at 43.18 USD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at USD 53.49.
● The stock is close to a major daily resistance at USD 53.84, which should be gotten rid of so as to gain new appreciation potential.
● With an enterprise value anticipated at 3.2 times the sales for the current fiscal year, the company turns out to be overvalued.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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