How to Buy Ferrari Nv Stock
Ferrari Nv
Ferrari Nv is a auto company located in Italy, which is part of the Consumer Cyclical sector, and is traded under the ticker RACE on the NYSE exchange.
Ferrari Nv stock last closed at $262.48, up 1.27% from the previous day, and has increased 26.47% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.52 percentage points. Ferrari Nv stock is currently +56.75% from its 52-week low of $167.45, and -4.23% from its 52-week high of $274.08.
As of Mar 20, 2023, there are 245.3M RACE shares outstanding. The market value of RACE is $64.39B. In the past 24 hours, 262,439 RACE shares were traded.
How to Buy Ferrari Nv Stock
Wondering how to invest in Ferrari Nv stock? Here's how.
- Decide where to buy Ferrari Nv stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Ferrari Nv stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your method of payment and add your details.
- Research Ferrari Nv stock: The Ferrari Nv ticker symbol is RACE. Is Ferrari Nv stock a good investment? Should you buy shares of RACE? How do RACE's underlying business fundamentals look? Do top analysts think Ferrari Nv is a good buy? Why has RACE's stock price moved recently? (Hint: Our stock market research website can help you decide if RACE is a good stock to buy).
- Place your RACE trade: Decide if you will purchase RACE shares at the current market price or use a limit order to buy RACE stock at a specific price.
- Monitor your RACE position: Create a watchlist to track your investment in Ferrari Nv shares.
Step 1: Decide where to buy Ferrari Nv stock
You need a brokerage account in order to access the NYSE market and buy RACE stock.
Our favorite brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global markets: From Technology to Industrials, New York to Shanghai — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal info so you are able to buy RACE today.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal details to open a new brokerage account.
- Submit your information by clicking the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you have finished signing up on the best stock app, your next step is to transfer the money for your investment:
Check out the tutorial below for more details depositing funds into your investment account.
Step 4: Research Ferrari Nv stock
Once you have chosen the best place to buy Ferrari Nv stock, it's important to research their stock before you invest, so you truly wrap your head around the risk and upside.
Ferrari Nv stock at a glance
RACE Due Diligence Checks
WallStreetZen was built to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on RACE's stock page.
What is the fair value of RACE stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RACE's intrinsic value.
Using relative valuations ratios:
- RACE could be overvalued based on its P/E ratio of 47.77x, relative to Auto Manufacturers industry P/E ratio of 26.24x
- RACE could be overvalued based on its P/B ratio of 23.09x, relative to Auto Manufacturers industry P/B ratio of 1.96x
- RACE may be overvalued based on its PEG ratio of 11.78x
You can do more valuation research on RACE's stock here.
RACE Financial Summary
Passed Health Checks:
- RACE earnings of $1.31B is not enough to cover its interest payments.
- RACE's operating cash flow of $1.51B allows it to safely service it's debt of $3.04B.
- Total RACE debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- RACE has a relatively high debt to equity ratio of 1.99.
- RACE profit margin has gone down from 19.5% to 18.3% in the past year.
Is it a good time to buy RACE stock, according to analysts?
Out of 4 Wall Street analysts who give ratings on RACE, the consensus analyst rating on RACE is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent RACE Analyst Forecasts
Adam Jonas, a top 14% analyst from Morgan Stanley maintains RACE with a strong buy rating and raises their RACE price target from $280.00 to $310.00, on Mar 7, 2023.
Maintaining his Strong Buy rating, Jonas raised his price target on Ferrari N.V. by 10.7%.
The analyst said Ferrari is now his top U.S. autos pick, replacing Tesla.
Although his view of auto sector fundamentals is "relatively bearish," Ferrari is the company with "the longest order backlog, greatest earnings visibility, and highest pricing power of any company we cover," Jonas explained.
Acknowledging the stock "ain't cheap," the analyst argued that "that's the price for security."
Ferrari is "the most defensive auto name that avoids much of the EV hype and EV risk," Jonas concluded.
Michael Binetti, a bottom 4% analyst from Credit Suisse maintains RACE with a buy rating and raises their RACE price target from $290.00 to $310.00, on Feb 3, 2023.
Henning Cosman, a top 45% analyst from HSBC upgrades RACE to a strong buy rating, on Oct 27, 2022.
Susy Tibaldi, a top 37% analyst from UBS maintains RACE with a strong buy rating and raises their RACE price target from $255.00 to $270.00, on Aug 3, 2022.
An analyst from Morgan Stanley maintains RACE with a strong buy rating and lowers their RACE price target from $350.00 to $300.00, on May 24, 2022.
You can dig deeper into what analysts are saying on the Ferrari Nv stock forecast page.
RACE Trading Indicators
RACE Performance Numbers
Last year, RACE earnings were $1.00B. In the past 5 year, RACE's earnings have gone up by 9.86% per year. This was slower than the Auto Manufacturers industry average of 160.05%.
Last year, RACE revenue was $5.48B. Over the last 5 year, RACE's revenue has grown by 5.73% per year. This was slower than the Auto Manufacturers industry average of 81.53%.
Dive into RACE's earnings and revenue performance here.
Are RACE executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at RACE have not bought or sold any shares.
Get more info about who owns RACE shares here.
Does RACE provide a stable income stream?
Ferrari Nv pays a dividend of 0.56%, compared to the Auto Manufacturers industry's average dividend yield of 4.68%. If you owned $1,000 worth of RACE stock, you would have been paid $5.60 in the past year.
Ferrari Nv dividend payments have consistently grown over the past 5 years and have remained stable.
Find more analysis about Ferrari Nv dividend yield and history here.
Get opinions from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your RACE trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, use a limit order.
Press the Open Trade button and your broker will place your order.
If you require additional help buying stocks on eToro, click the how to video below:
Step 6: Monitor your RACE position
Now that you own some RACE shares, you'll want to keep up with your new investment.
Put RACE on a watchlist to track your RACE stock.
RACE Feed
How to Buy Stock in Ferrari Nv
To reiterate, here are the 6 steps you need to take to buy Ferrari Nv stock right now:
- Decide where to buy Ferrari Nv stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Research Ferrari Nv stock
- Place your RACE trade
- Monitor your RACE position
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Ferrari Nv, create a watchlist today.
More Content You Might Like
FAQ
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.