Ford Motor Company (NYSE:F) shares, rose in value on Wednesday, 05/24/23, with the stock price down by -3.41% to the previous day’s close as strong demand from buyers drove the stock to $11.33.
Actively observing the price movement in the last trading, the stock closed the session at $11.73, falling within a range of $11.25 and $11.65. The value of beta (5-year monthly) was 1.56 whereas the PE ratio was 15.80 over 12-month period. Referring to stock’s 52-week performance, its high was $15.88, and the low was $10.10. On the whole, F has fluctuated by -3.74% over the past month.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
With the market capitalization of Ford Motor Company currently standing at about $45.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jul 25, 2023 – Jul 31, 2023. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 5.30%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.46, which is expected to increase to $0.52 for fiscal year $1.76 and then to about $1.65 by fiscal year 2024. Data indicates that the EPS growth is expected to be -6.40% in 2024, while the next year’s EPS growth is forecast to be -6.30%.
Analysts have estimated the company’s revenue for the quarter at $40.01 billion, with a low estimate of $37.45 billion and a high estimate of $42.5 billion. According to the average forecast, sales growth in current quarter could jump up 5.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $160.9 billion, representing an increase of 8.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that F’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
23 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 10 analyst(s), 6 recommend it as a Buy and 2 called the F stock Overweight. In the meantime, 1 analyst(s) believe the stock as Underweight and 4 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of F currently trading nearly -3.40% and -5.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.09, while the 7-day volatility ratio is showing 2.77% which for the 30-day chart, stands at 2.56%. Furthermore, Ford Motor Company (F)’s beta value is 1.55, and its average true range (ATR) is 0.34. The company’s stock has been forecasted to trade at an average price of $13.64 over the course of the next 52 weeks, with a low of $10.00 and a high of $22.00. Based on these price targets, the low is 11.74% off current price, whereas the price has to move -94.17% to reach the yearly target high. Additionally, analysts’ median price of $13.00 is likely to be welcomed by investors because it represents a decrease of -14.74% from the current levels.
A comparison of Ford Motor Company (F) with its peers suggests the former has fared considerably weaker in the market. F showed an intraday change of -3.41% in last session, and over the past year, it shrunk by -7.22%%. In comparison, Tesla Inc. (TSLA) has moved lower at -1.54% on the day and was down -18.70% over the past 12 months. The PE ratio stands at 15.80 for Ford Motor Company, compared to 53.84 for Tesla Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.73%. Meanwhile, the Dow Jones Industrial Slipped by -0.77%.
Data on historical trading for Ford Motor Company (NYSE:F) indicates that the trading volumes over the past 10 days have averaged 51.9 million and over the past 3 months, they’ve averaged 64.83 million. According to company’s latest data on outstanding shares, there are 3.99 billion shares outstanding.
Nearly 0.18% of Ford Motor Company’s shares belong to company insiders and institutional investors own 52.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 199.94 million shares as on Apr 27, 2023, resulting in a short ratio of 3.61. According to the data, the short interest in Ford Motor Company (F) stood at 5.00% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 189.91 million. The stock has risen by 2.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the F stock heading into the next quarter.