A Bullish 2024 Outlook For Ford Motor Co (NYSE: F) Shares

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Ford Motor Co (NYSE:F) shares, rose in value, with the stock price down by -0.63% to the previous day’s close as strong demand from buyers drove the stock to $10.32.

Actively observing the price movement in the recent trading, the stock is buoying the session at $10.39, falling within a range of $10.32 and $10.415. The value of beta (5-year monthly) is 1.636 whereas the PE ratio is 11.78 over 12-month period. Referring to stock’s 52-week performance, its high was $14.85, and the low was $9.49. On the whole, F has fluctuated by -6.98% over the past month.

With the market capitalization of Ford Motor Co currently standing at about $41.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 5.81%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that F’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 3.85, with the price of F currently trading nearly -4.61% and -4.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.95, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 2.34%. Furthermore, Ford Motor Co (F)’s beta value is 1.63, and its average true range (ATR) is 0.26.

A comparison of Ford Motor Co (F) with its peers suggests the former has fared considerably weaker in the market. F showed an intraday change of -0.63% in today’s session so far, and over the past year, it shrunk by -6.80%%.

Data on historical trading for Ford Motor Co (NYSE:F) indicates that the trading volumes over the past 10 days have averaged 51.12 and over the past 3 months, they’ve averaged 52.85 million. According to company’s latest data on outstanding shares, there are 3.90 billion shares outstanding.

Nearly 2.04% of Ford Motor Co’s shares belong to company insiders and institutional investors own 54.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 94.09 million shares as on 2024-11-29, resulting in a short ratio of 1.58. According to the data, the short interest in Ford Motor Co (F) stood at 262.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 106.07 million. The stock has fallen by -14.07% 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.

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