Ford Motor Company (NYSE: F) stock fell -3.41% on Wednesday to $11.33 against a previous-day closing price of $11.73. With 71.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 64.83 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $11.65 whereas the lowest price it dropped to was $11.25. The 52-week range on F shows that it touched its highest point at $15.88 and its lowest point at $10.10 during that stretch. It currently has a 1-year price target of $13.28. With its current market cap of 45.29 billion, F has annualized dividend of $0.60 while the current yield stands at 5.30%. Beta for the stock currently stands at 1.55.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of F was down-trending over the past week, with a drop of -1.48%, but this was down by -3.74% over a month. Three-month performance dropped to -6.13% while six-month performance fell -14.67%. The stock lost -7.22% in the past year, while it has gained 2.35% so far this year. A look at the trailing 12-month EPS for F yields 0.72 with Next year EPS estimates of 1.63. For the next quarter, that number is 0.45. This implies an EPS growth rate of -111.10% for this year and -6.75% for next year. EPS is expected to decline by -7.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.90%.
Float and Shares Shorts:
At present, 3.99 billion F shares are outstanding with a float of 3.88 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 199.94 million, which was 5.00% higher than short shares on Mar 30, 2023. In addition to Mr. William Clay Ford Jr. as the firm’s Exec. Chairman, Mr. James D. Farley Jr. serves as its Pres, CEO & Director.
Institutional Ownership:
Through their ownership of 52.69% of F’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 30.78% of F, in contrast to 25.75% held by mutual funds. Shares owned by individuals account for 1.13%. As the largest shareholder in F with 8.18% of the stake, The Vanguard Group, Inc. holds 320,349,780 shares worth 320,349,780. A second-largest stockholder of F, BlackRock Fund Advisors, holds 200,343,379 shares, controlling over 5.12% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in F, holding 163,477,481 shares or 4.18% stake. With a 3.11% stake in F, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 121,708,281 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.35% of F stock, is the second-largest Mutual Fund holder. It holds 91,898,935 shares valued at 1.09 billion. Schwab US Dividend Equity ETF holds 1.49% of the stake in F, owning 58,123,113 shares worth 690.5 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, F reported revenue of $40.19B and operating income of $4.24B. The EBITDA in the recently reported quarter was $6.61B and diluted EPS was $0.16.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for F since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With F analysts setting a high price target of $22.00 and a low target of $10.00, the average target price over the next 12 months is $13.64. Based on these targets, F could surge 94.17% to reach the target high and fall by -11.74% to reach the target low. Reaching the average price target will result in a growth of 20.39% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded F stock several times over the past three months with 35 Buys and 17 Sells. In these transactions, 2,273,042 shares were bought while 1,015,351 shares were sold. The number of buy transactions has increased to 58 while that of sell transactions has risen to 27 over the past year. The total number of shares bought during that period was 5,531,710 while 3,910,645 shares were sold.
