Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Ferrari N.V’s current trading price is -12.52% away from its 52-week high, while its distance from the 52-week low is 32.02%. The stock’s price range during this period has varied between $330.15 and $498.23. The company, active in the Consumer Cyclical sector, saw a trading volume of around 0.17 million for the day, considerably lower average daily volume of 0.28 million observed over the last three months.
Ferrari N.V’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $498.23 on 09/03/24, and the lowest price during that time was $330.15, recorded on 01/25/24.
How Financial Performance Impacts Market Capitalization
Ferrari N.V (RACE) has experienced a quarterly decline of -7.65% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 78.20B and boasts a workforce of 4988 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 454.68, with a change in price of -48.07. Similarly, Ferrari N.V recorded 278,886 in trading volume during the last 100 days, posting a change of -9.93%.
How RACE’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for RACE stands at 0.93. Similarly, the long-term debt-to-equity ratio is also 0.55.
RACE Stock Stochastic Average
As of today, the raw stochastic average of Ferrari N.V over the past 50 days is 50.10%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 88.98%. Additionally, the Stochastic %K and %D values for the company were 76.39% and 52.99%, respectively, over the past 20 days.
RACE Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 2.60%. However, over the past six months, we’ve seen a weaker performance of 3.18%. The price of RACE leaped by -0.25% over the last 30 days. And in the last five days, it has surged by 1.53%.
