Ferrari N.V. : The underlying trend is in force again
Entry price | Target | Stop-loss | Potential |
---|
US$214.33 |
US$245 |
US$200 |
+14.31% |
---|
Shares in Ferrari N.V. show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Historically, the company has been releasing figures that are above expectations.
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● The company's "enterprise value to sales" ratio is among the highest in the world.
● With an expected P/E ratio at 50.34 and 45.38 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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