Ferrari N.V. (NYSE:RACE) stock fell on Tuesday as investors weighed the company’s ambitious electric vehicle strategy against broader uncertainty in the luxury EV market.
Ferrari Unveils First Fully Electric Vehicle
Investor attention centered on Ferrari’s unveiling of the Luce, the company’s first fully electric vehicle developed with former Apple Inc. (NASDAQ:AAPL) design chief Jony Ive and his collective LoveFrom.
The four-door EV, priced at about $640,000, delivers more than 1,000 horsepower and over 500 kilometers of range.
Ferrari emphasized preserving its traditional luxury identity through physical controls and premium materials, positioning the Luce differently from more screen-focused EV competitors.
Q1 Results And 2026 Guidance
Earlier this month, Ferrari reported first-quarter 2026 net profit of 413 million euros, while diluted earnings per share rose to 2.33 euros from 2.30 euros a year earlier. The company reaffirmed its full-year guidance, supported by strong demand across its automotive, racing and lifestyle businesses.
Ferrari also continued returning capital to shareholders under its 3.5 billion-euro multi-year share buyback program. Between May 18 and May 20, the company repurchased 20,321 shares for about 5.66 million euros.
The stock decline came during a mixed trading session for U.S. equities, with the Russell 2000 rising 1.71% while the Dow Jones Industrial Average fell 0.15%, indicating investors were focused on company-specific developments.
RACE Technical Analysis: Trend And Key Moving Averages
Ferrari’s stock price is currently at $329.41, which is 1.8% below its 20-day simple moving average (SMA) of $335.75 and 3% below its 50-day SMA of $339.72.
The stock has declined 31.83% over the past 12 months, reflecting broader market challenges and company-specific issues.
The moving averages present a bearish picture, with the 20-day SMA below the 50-day SMA, indicating a potential downtrend.
Additionally, the death cross, which occurred in October 2025 when the 50-day SMA crossed below the 200-day SMA, further underscores the stock’s bearish sentiment.
Ferrari Earnings Preview: Next Update And Analyst Estimates
Ferrari will provide its next financial update on July 30, 2026 (estimated).
- EPS Estimate: $2.84 (Up from $2.70)
- Revenue Estimate: $2.15 billion (Up from $2.03 billion)
- Valuation: P/E of 33.3x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $465.00. Recent analyst moves include:
- UBS: Buy (Lowers forecast to $483.00) (April 1)
- JP Morgan: Overweight (Raises forecast to $447.00) (March 3)
- UBS: Buy (Lowers forecast to $555.00) (Jan. 9)
RACE Stock Price Activity: Ferrari shares were down 5.30% at $329.79 at the time of publication on Tuesday, according to Benzinga Pro data.
Photo via Shutterstock
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