Ferrari Stock Price

Stock Exchange: Borsa Italiana, NYSE | ISIN: NL0011585146 | Symbol: RACE | Type: Stock.
Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.

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Technical Analysis Ferrari Stock

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Fundamental Analysis Ferrari Stock

The widget displays fundamental data that will help you better understand the current state of the company than simple stock prices. Ferrari stock fundamentals include: Market Capitalization, Enterprise Value, Balance Sheet, Operating Metrics, Price History, Margins, Income Statement, Dividends and many others important data.

Ferrari Promotions for Investors

Ferrari stocks are traded in Milan on the Italian Stock Exchange (ISE). They are assigned the ticker RACE. The second most important platform on which Ferrari stocks are traded is the New York Stock Exchange (NYSE). The IPO on the NYSE took place on October 20, 2015. The volume of trading in the company's securities on the American site, although inferior to the Milan one, is still very large. Ferrari shares on the NYSE trade under their regular ticker RACE between 09:30 and 16:00 local time.

In total, Ferrari issued 257.272 million stocks. There are 193.293 million of them of class A, and 63.349 million of class B, and both types of securities are voting, 1 share corresponds to 1 vote. Type B stocks are not traded on exchanges.

The company owns 8.64 million class A stocks, with over 60% of the total number of securities in free float. 33.7% of Ferrari stocks are held by company insiders. 41.7% of securities are owned by institutional investors, including 63% of stocks in free float.

The first dividend payments to shareholders were made in 2017. The average yield is 0.40-0.70%.

The main shareholders are Exor NV, Baillie Gifford & Co., T. Rowe Price Associates Inc., The Vanguard Group, Inc. Also among the main shareholders is Piero Ferrari, which owns approximately 10% of the stocks.

The company's stocks are included in a number of stock indexes:

• In the US, stocks are included in the NYSE Composite;
• In Europe - STOXX 600, STOXX Europe Mid 200, EURO STOXX Mid EUR Price, Stoxx 600 Automobiles & Parts;
• MSCI Pan Euro Global Index;
• The stocks are included in Thomson Reuters Italy 50 basket.

The company's financial year ends at the same time as the calendar year - December 31. The publication of interim quarterly reports takes place at the end of March, June and September.

Investing in Ferrari securities is a smart idea, you can touch supercars and this business with just a small amount of money.

To buy Ferrari stocks, you need to find a broker with access to the Italian or American stock exchange, since stock exchanges do not work directly with clients - there are special intermediary companies (brokers) for this.

Recommendations

When predicting the price of Ferrari shares on the stock exchange, it is recommended to consider the following factors:

1. Quarterly reports. The financial year coincides with the calendar year, reports are published in early February (for the previous year), May (Q1), August (Q2) and November (Q3).

2. Plans for the release of new models and the number of pre-orders for them.

3. Automotive industry moving away from internal combustion engines.

4. Changes in legislation in the direction of tightening taxation, increasing duties, and environmental requirements.

Unlike other automakers, Ferrari stock hasn't been hit hard by the pandemic. It took only a few months to get out of the drawdown. This is due to the fact that compared to the millions of sales of conventional cars, Ferrari products diverge in a much smaller circulation.

Ferrari stock quotes show stable growth and this makes them a good component for medium- and long-term investment portfolios. Due to good volatility and liquidity, RACE shares are also suitable for active intraday trading.

Ferrari history

Ferrari has been known as a car manufacturer since 1947. But the foundation was laid much earlier - in 1929, when Enzo Ferrari founded the Scuderia Ferrari racing team. She had a full-fledged workshop, where mechanics and racers took the first steps towards becoming a full-fledged automaker.

In early September 1939, Enzo Ferrari left Alfa Romeo, and under the terms of the contract, he did not have the right to use the Ferrari brand for 4 years. Immediately after leaving Alfa Romeo, Enzo registered the company Auto Avio Costruzioni - in theory, it was supposed to produce parts for the needs of aircraft manufacturers and machine tools. But the very next year, the Auto Avio Costruzioni 815 racing car comes out.

During the Second World War, Auto Avio Costruzioni repurposed to copy German grinding machines. The plant was badly damaged as a result of the fighting, but was quickly restored after the end of the war.

In subsequent years, a series of cars was produced in racing and "civilian" versions. The popularity of the brand is ensured by the successful design and technical characteristics of cars. The pilots of cars regularly take prizes in competitions, the recognition of the Ferrari brand in the world is growing.

In 1969, Fiat SpA became the company's largest shareholder, and the concern acquired a 50% stake in Ferrari. In 1988, Ferrari became a Fiat subsidiary, as Fiat S.p.A. bought another 40% of the stocks.

In October 2014, Fiat withdrew Ferrari SpA from its membership. As a result, the Dutch company Ferrari N.V. appeared, and the withdrawal from Fiat Chrysler Automobiles N.V. ended in January 2016.

Ferrari still produces sports and racing cars. The specificity of this business is that only a few thousand cars are produced per year, but they are sold at prices many times higher than the cost of their “civilian” counterparts.

The headquarters is located in Maranello (Province of Modena, Italy). Ferrari employs more than 4,000 people.

The company has several subsidiaries. The most famous of them are mainly financial and consulting divisions, regional offices, for example, Ferrari Australasia Pty Limited, Ferrari Financial Services Inc., Ferrari Management Consulting (Shanghai) Co. L.t.d.

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