Ford MTR Co. (F Stock)

Ford Motor Company and Tesla announced a collaboration benefiting the EV realm, and after months, F stock finally crossed Exponential Moving Average (EMA). Automobile giants Ford and Tesla should be arch rivals, but they have joined hands to boost the Electric Vehicle Industry. The collaboration shall begin in 2024. 

Ford Motor Company (F Stock) – Is Befriending a Rival Worthy?

As per the deal, Ford’s EVs will have access to around 12,000 Tesla Superchargers spread across North America. The Tesla-supplied adapter will be provided by 2024. Furthermore, by 2025 every new Ford EV will have Tesla’s North American Charging Standard (NACS) connector. Currently, most automakers use the CCS standard. 

The market was stunned by the announcement of the collaboration on June 7. Moreover, the deal may be a win-win situation for both automakers, as it would facilitate inter-compatibility in the EV charging scenario. 

As reported by Bloomberg, major automakers in the U.S. like General Motors (NYSE: GM), Ford Motor Company (NYSE: F), and Stellantis NV (NYSE: STLA), might have to lock horns shortly with workers of EV battery plants. 

The issue concerns pay and benefits as 18,000 workers are expected to work in plants under multiple joint ventures and they may not be covered under existing labor contracts. A new corporate structure and micromanagement will be required to avoid future clashes. 

For the second time in 2023, the F Share price managed to cross the EMA, but the candles are strong this time. Additionally, the RSI of 52.95 indicates that the price action is in neutral territory and that it could go anywhere. At press time, the F share price is $13.59 with a jump of 5.10%, while the 52-week change is reported to show a leap of 2.33%. 

Previous close and open were at $12.93 and $13.02, respectively. With an average volume of 66.59 Million shares, the market cap of Ford Motor Company stays strong at $54.37 Billion. Analysts provided a 2.21 rating for HOLD, placing the price target at $14.78 with an 8.8% upside. 

Concerning March 2023 data, the quarterly revenue gain is 20.30% at $41.47 Billion, while the trailing twelve-month (ttm) revenue stands at $165.06 Billion. Furthermore, the ttm revenue per share is $41.17, and the quarterly revenue growth is registered to be 20.30% year-over-year (YoY). 

Operating expenses jumped by 17.70% to $2.67 Billion, while profit margin surged by 1.75%, and operating margin swelled by 4.68%. Net income hiked by 156.50% to $1.76 Billion, and the net profit margin increased by 147.01% to $4.24. Total cash in hand at the end of last quarter was $28.62 Billion, and total debt is $139.29 Billion. 

The last earnings were reported on February 2, 2023, with reported revenue of $44 Billion, estimated to be $41.394 Billion. The surprise came with a hike of 6.30% to $2.606 Billion. Ttm EPS and P/E ratio is reported to be $0.73 and 18.62, respectively.

Ford Motor Company – Candle Examination

Since the start of 2023, the F share price has been consolidating in a range represented by the box. It tried to break out in February 2023 but could not sustain it as the candles were weak. This time a substantial break with strong candles and movement above EMA indicates positivity. 

If the trend continues, the price could enter the supply zone and might even go beyond the point. However, if it drops, the price would fall back in the range and consolidate till further break movement. 

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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 comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

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