The stock of Ford Motor Company (NYSE:F) is now priced at $6.86 and the shares are -0.07 points down or -1.01% lower compared to its previous closing price of $6.93. The stock had 47.48 million contracts set over the past session. F shares’ daily volume is compared to its average trading volume at 86 million shares. However, it has a float of 3830 million and although its performance was 3.78% over the week, it’s one to watch. Analysts have given the F stock a yearly average price target of $7.41 per share. It means the stock’s upside potential is 8.02% with the F share price recently placing at $6.79 to $6.92. However, some brokerage firms have priced the stock below the average, including one that has called $3.5.
The shorts are running away from the Ford Motor Company stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the F shares have declined. Short interest in the stock represents just 3.45% of its float, but the volume has dropped by 0.
In the last trading session, Ford Motor Company (NYSE:F) raised by $0.25 over the week and gained $0.76 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $9.65. The stock recorded its established 52-week high on 09/09/19.
Since 03/23/20, the stock has traded to a low of $3.96 at 73.23%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.35. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Ford Motor Company’s two-week RSI is 54.09. This suggests that the stock is neutral at the moment and that F shares’ price movement remains stable. The stochastic readings are equally revealing at 73.46% meaning the F share price is currently in oversold territory.
The technical chart shows that the F stock will likely settle at between $6.92 and $6.99 per share. However, if the stock dips below $6.79, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $6.73.
Currently, the stock is trading in the green of MACD, with a reading of 0.07. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned F a rating of Neutral in their intiating review released on April 15. Wolfe Research analysts downgraded their recommendation of the stock from Outperform to Peer Perform in a flash note released to investors on April 03. UBS seeing the stock struggling downgraded it from Buy to Neutral on March 24 placing it at $13 to $4.30.
The average rating for the F equity is 2.84 and is currently gathering a bullish momentum. Of 19 analysts tracking Ford Motor Company polled by Reuters, 12 rated F as a hold. The remaining 7 analysts were split evenly. However, the split wasn’t equal as a majority (4) rated it as a buy or strong buy. 3 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the F stock price is 9.25X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 36.8. Ford Motor Company has its P/E ratio at 0.9, which means that the stock is currently trading at a discount relative to the 1.8 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Ford Motor Company (NYSE:F) will increase by about 71.65%, which will see them reach $33250 million. The company’s full-year revenues are, however, expected to diminish by about -20.44%, down from $143600 million to $114250 million. F’s expected adjusted earnings should drop almost -55.88% to end up at $0.15 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -155.46% to record -$0.66/share.