Ferrari Stock Symbol on NYSE:RACE Market Update

The Ferrari stock symbol on the NYSE is RACE, and it's a great time to talk about the market update. The NYSE, or New York Stock Exchange, is one of the largest stock exchanges in the world.

Ferrari, the iconic Italian sports car manufacturer, has been listed on the NYSE since 2015. The company's stock symbol RACE is widely recognized by investors and traders.

Investors can track the performance of Ferrari's stock using various financial tools and platforms.

Ferrari's revenue for 2023 was 5.97 billion, a 17.17% increase from the previous year's 5.10 billion.

This significant growth is a testament to the company's strong financial performance. In fact, Ferrari's earnings in 2023 were 1.25 billion, an increase of 34.25% compared to the previous year.

The company's revenue growth is impressive, and it's worth noting that Ferrari's 52 Week High was US$498.23, indicating a strong market performance.

Here is a summary of Ferrari's financial performance in 2023:

Ferrari will release its financial results for the second quarter of 2021 on August 2, 2021.

The financial results will be announced at 2:00 p.m. BST, 3:00 p.m. CEST, and 9:00 a.m. EDT.

A live audio webcast and conference call will occur on the same day, and registration is required to access the call details.

For those unable to attend, a replay will be available on the Ferrari corporate website for two weeks post-event.

Ferrari's financial performance has been on the rise in recent years. In 2023, the company's revenue reached a record high of $5.97 billion, a 17.17% increase from the previous year.

This growth is a testament to the company's successful strategy. Earnings also saw a significant boost, increasing by 34.25% to $1.25 billion.

Here's a breakdown of Ferrari's financial performance over the past few years:

As you can see, Ferrari's financial performance has been steadily improving over the years. The company's revenue and earnings have consistently increased, reflecting its growing success in the market.

Ferrari's stock price has had its fair share of ups and downs over the past year, with a 1 Year Change of 15.41%. This is a significant increase, and it's worth noting that the company's stock has been on an overall upward trend since its IPO.

The 52 Week High of $498.23 is a notable milestone, indicating that the stock has reached a peak value within the past year. On the other hand, the 52 Week Low of $368.80 shows that the stock has also hit a low point during this period.

Here's a summary of Ferrari's stock price changes over the past year:

When analyzing Ferrari's stock price, it's essential to consider its volatility. Ferrari's average weekly movement is relatively stable at 3.6%, which is lower than the market average of 6.4%.

In comparison to the auto industry, Ferrari's price movement is also relatively calm, with an average movement of 3.6% compared to 10.0% for the industry.

Ferrari's weekly volatility has been stable over the past year, with a consistent 4% weekly movement.

Here's a comparison of Ferrari's price volatility with the US market:

Ferrari's stable price movement is a positive sign for investors, indicating that the stock price is less likely to experience significant fluctuations.

Ferrari's momentum is indeed impressive, with total shipments nearly doubling from the previous year to 2,685 units.

The company's strong performance is a testament to its ability to adapt and grow in a competitive market. Ferrari's net revenues surged to €1,035 million, a 100% increase year-over-year.

Ferrari's financials are also looking healthier, with EBITDA tripling to €386 million and an EBITDA margin of 37.4%. This is a significant increase from previous years.

The company's improved industrial free cash flow guidance is also a positive sign, aiming for €450 million.

Ferrari N.V. has been actively buying back its own shares, with a total investment of €106,989,378.86 and $30,037,423.69 spent on 620,395 and 143,295 shares, respectively.

This share buyback program was initiated on March 11, 2021, and as of September 10, 2021, Ferrari has repurchased a total of 4,490,875 shares, costing €635,599,212.52.

Ferrari now holds 9,676,201 own shares, representing 3.76% of its total capital.

Ferrari has reiterated its guidance despite a sharp decline in deliveries in China. This is a significant development for the sports-car maker.

The company had initially increased its guidance earlier in the year, but the recent drop in shipments has put a damper on those plans. Ferrari's management team is likely reviewing its strategies to adapt to the changing market conditions.

Deliveries in China have fallen sharply, which is a key market for Ferrari. This decline is a major concern for the company's revenue and growth prospects.

Ferrari's management team is likely taking a close look at the situation to determine the best course of action. They may need to adjust their production and sales strategies to mitigate the impact of the decline.

Ferrari N.V. recently announced the completion of its fourth tranche of the share buyback program initiated on March 11, 2021.

The company made a total investment of €106,989,378.86 for 620,395 shares on MTA and $30,037,423.69 (about €25,187,600.49) for 143,295 shares on NYSE.

This brings the total shares repurchased since January 1, 2019, to 4,490,875, costing €635,599,212.52.

Ferrari now holds 9,676,201 own shares, representing 3.76% of its total capital.