Ferrari N.V. Stock Price and Chart

The company, Ferrari, is a world-famous sports car manufacturer. It was created at the beginning of the last century in 1928. The Italian Enzo Ferrari founded the future world giant. Initially, the company produced sports cars exclusively for participation in professional races. Ferrari NV shares are among the most liquid assets of the stock market.

Main characteristics

The company began producing sports cars suitable for driving on regular tracks. The main office of the company is in the Italian city of Maranello. The main production facilities are located there. The focus of the concern’s engineers is on Formula-1 racing cars.

The initial public offering of Ferrari N.V. equity securities occurred on the New York Stock Exchange in the fall of 2015. Then they could be bought at USD 52.0. The total placement volume reached USD 980 million. The sale of securities allowed specialists to assess the level of capitalization of the concern. It was estimated at USD 9.8 billion.

It was supposed to sell shares at USD 48.0 to USD 52.0. Their sale at the upper limit of this range was a real success for Ferrari management. After the IPO, experts concluded that investors rated the company not as a car manufacturer, but as a business for the production of luxury products.

New York Stock Exchange ticker Ferrari – RACE. They are also sold on the Milan Stock Exchange. The value of the shares is used in calculating the FTSE MIB stock index.

About 3 thousand employees work for Ferrari. The company’s annual turnover exceeds USD 2 billion. Ferrari pilots have become champions many times. The most recognizable pilot of the company is Michael Schumacher. He brought Ferrari consecutive victories from 2000 to 2005. In addition to selling cars for racing, the company promotes civilian sports cars on the market.

The company includes several subsidiaries. Among them is Scuderia Ferrari. This is a professional team of racers whose pilots have been participating in Formula 1 competitions since the 50s of the last century.

The largest shareholders of Ferrari NV are Exor S.p.A and Piero Ferrari (the son of the brand founder). The first shareholder accounts for 24% of the shares, and the other – 10%. The remaining holders of securities own 66% of the company’s assets.

Ferrari has been paying dividends since 2016. Payments were calculated based on profits earned over several years. The level of stock returns amounted to 0.8% of the market value of securities. Many analysts are convinced that the presence of dividends increases the popularity of the company’s assets.

Ferrari N.V. shares are in high demand among pension funds and collective investment organizations. This is a sought-after, liquid, and fairly profitable asset.

Ferrari N.V. stock trading requires standard trading strategies. It is recommended to buy an asset during the correction of the price movement, before the subsequent growth of quotations. During the bidding, use an adequate level of leverage. It is necessary to observe the rules of money management strictly. It is not recommended to use capital in one transaction that you are not ready to lose. Trade using pending take-profit and stop-loss orders. They will allow you to fix profit on time and prevent severe losses.

Stock quotes - current exchange rate and chart

Citigroup Stock Citigroup - course and charts672.03
Manchester United Stock Manchester United - course and charts1016.91
Exxon Mobil Stock Exxon Mobil - course and charts655.87
NIKE Stock NIKE - course and charts6172.25
Santander group Stock Santander group - course and charts83.74
COCA-COLA Stock COCA-COLA - course and charts657.4
JPmorgan Chase and CO Stock JPmorgan Chase and CO - course and charts6158.86
MICROSOFT Stock MICROSOFT - course and charts6294.58
Chevron Stock Chevron - course and charts6100.84
Banque Saudi Fransi Stock Banque Saudi Fransi - course and charts2540.73
Facebook Stock Facebook - course and charts6366.51
Arab National Bank Stock Arab National Bank - course and charts1522.89
BOEING Stock BOEING - course and charts10228.97
Saudi British Bank Stock Saudi British Bank - course and charts1033.53
General Electric Stock General Electric - course and charts6103.27
FERRARI Stock FERRARI - course and charts10225.65
Riyad Bank Stock Riyad Bank - course and charts827.28
AMAZON Stock AMAZON - course and charts243297.94
Goldman Sachs Group Stock Goldman Sachs Group - course and charts6408.01
Deutsche Bank Stock Deutsche Bank - course and charts812.65
Saudi Electricity Stock Saudi Electricity - course and charts627.33
Saudi Investment Bank Stock Saudi Investment Bank - course and charts817.03
Tesla Motors Stock Tesla Motors - course and charts14686.01
Intel Stock Intel - course and charts1053.39
WalMart Stock WalMart - course and charts6150.63
Something went wrong