Ferrari NV RACE Stock Analysis

Ferrari NV stock trades under the ticker RACE & has shown recent bullishness that traders & investors should research further into.

RACE stock closed at $199.62/share on 9/14/2022.

Ferrari NV RACE Stock’s Technical Performance Broken Down

Ferrari NV RACE Stock's Technical Performance Over The Last Year

RACE Stock Price: $199.62

10 Day Moving Average: $195.19

50 Day Moving Average: $201.81

200 Day Moving Average: $213.45

RSI: 49.75

MACD: -2.127

Yesterday, RACE stock completed a bullish MACD crossover, gapping up 2.1%.

Their recent trading volumes have been below average, and their RSI is neutral, signaling uncertainty by market participants on their valuation.

They have support at the $196.22 & $192.06/share price levels, as they try to break above the $201.87 & $202.81/share resistance levels.

Ferrari NV RACE Stock As A Long-Term Investment

Long-term oriented investors may find RACE stock’s valuation metrics to be a bit high, with a 39.73 P/E (ttm) & a 15.85 P/B (mrq).

They recently reported 24.9% Quarterly Revenue Growth Y-o-Y, with 21% Quarterly Earnings Growth Y-o-Y.

Their balance sheet may require a more thorough review, with $1.24B of Total Cash (mrq) & $2.77B of Total Debt (mrq).

RACE stock pays a 0.7% dividend, which appears stable in the long-run, as their payout ratio is 27.63%.

44.38% of RACE stock’s outstanding share float is owned by institutional investors.

Ferrari NV RACE Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from movements in RACE stock’s price, while hedging against volatility.

I am looking at the contracts with the 10/21 expiration date.

The $195 calls are in-the-money, with the out-of-the-money $200 & $210 also having open interest.

The $200 & $210 puts are also in-the-money, with the former being more liquid than the latter strike price.

As they have weekly expirations, I expect to see more contracts written in the coming weeks as other contracts expire.

Tying It All Together

RACE stock has many interesting attributes that traders & investors are sure to like.

Investors will like their dividend yield, as well as their recent growth metrics.

Traders will like their current technicals, as well as their liquid, weekly option expirations.

All-in-all, it is worth taking a closer look into how RACE stock fits into your portfolio strategy.