Ford Motor Co. (F Stock)

Ford Motor Co. (NYSE: F) slashed its F-150 Lightning EV’s price by around 17%, causing the F stock price to fall by 5.94%. The company clarified the reason behind the price cut and cited the increase in plant capacity, production scaling, and improvement in the raw material cost for batteries. Ford Motors will release its Q2 earnings report on July 27, 2023, at 4.05 p.m. ET, as announced in a press conference. 

Ford Motor Co. (F Stock) – Financial Analysis

The company is ready to bring around 30 new Electric Vehicle (EV) models into showrooms in 2023. Although EV sales are gaining traction lately to an yearly 48% in Q2 2023, compared to Q2 2022, the growth must be faster to accommodate new vehicles arriving from the assembly line. 

To attract customers, manufacturers are even slashing prices. For instance, Ford Motors cut the cost of its lowest-priced Pro model by around 16.6%, while the highest-priced Platinum Extended Range saw a price drop of 6.2%. The company even offered a $1,000 bonus to retail customers who build their own Lariat, XLT, or Platinum truck via a dealer or on Ford’s website after July 31, 2023. 

Ford Motors Co. – Technical Analysis

NYSE: F at press time is trading at $14.09 with a fall of 5.94%. Its previous close and open were at $14.98 to $14.58, respectively. The 52-week range is from $10.98 to $16.68. With an average volume of 63.75 million shares, the market cap is $56.371 billion. 

The trailing twelve-month (ttm) price-to-earnings (P/E) ratio is 19.30, indicative of an undervalued share price. At the same time, the (ttm) earnings per share (EPS) is $0.73. Analysts placed a price target at $15.18 with a 7.8% upside and provided a 2.29 rating for HOLD. 

Analyst Ratings for NYSE: F; MarketBeat

Ford reported its Q1 earnings on February 2, 2023, where the reported revenue of $44 billion surpassed the estimated figure of $41.394 billion by 6.30%. At the same time, the reported earnings of $0.51 per share failed to beat the estimated value of $0.623 per share by 18.08%. This caused the NYSE: F to fall by 9%. 

The subsequent earnings will be reported on July 27, 2023, where the estimated earnings are $0.534 per share, while the expected revenue is $43.032 billion. As per the quarterly data, the revenue swelled by 20.30% to $41.47 billion, while the (ttm) revenue is reported to be $165.06 billion, with year-over-year (YoY) quarterly revenue growth gaining 20.30%. 

Operating expenses gained 17.10% to $2.67 billion while operating margin (ttm) hiked by 4.68%. The net income increased by 156.50% to $1.76 billion, the net profit margin jumped 147.10% to 4.24, and the profit margin gained by 1.75%. Total cash in hand at the end of the most recent quarter (mrq) is $28.62 billion, while total debt (mrq) is $139.29 billion. 

Ford Motor Co. (F Stock) – Candle Exploration

The price has been consolidating in a range since September 2022, and it tried to break out in June 2023 to reach the selling zone but failed to stabilize and dropped to its current value. The trendline also denotes a steep ascending momentum and the price crossed the trendline to reach the current level. The price shall consolidate in the expected range until the subsequent earnings. 

A slightly upward-moving EMA hints at upcoming momentum, but the dropping RSI value of 45.08 foreshadows a rejection. Moreover, the price should bounce from S1 at $13.10, but negative earnings could make it fall further. The next bullish momentum can be expected after the price crosses and stabilizes over the selling zone. 

Disclaimer:

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets and stocks comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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