Ferrari NV (RACE) Accelerating Ahead of Rivals


The automotive sector is experiencing a revolution in the last few years. From the transition toward environment-friendly electric vehicles to huge advancements in racing cars, we are seeing tremendous changes in this sector as compared to a year ago. In this age of advancement in the automotive sector, one company has been able to leave a significant and lasting impression on the market. It’s Ferrari NV (NYSE: RACE).

The excellent performance of the company could be depicted from the investor interest in the stock as well, as RACE stock has rocketed more than 185% during the last five years. Signs are depicting that it would continue to grow at a similar pace in the future.

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RACE Signing MoU with MISE

Ferrari has always been known for its keenness to invest in technology and production. In this regard, weeks ago, the company announced that it had signed a Memorandum of Understanding with MISE (Italian Ministry of Economic Development), Invitalia (the National Agency for Inward Investment and Economic Development S.p.A.), and the region of Emilia-Romagna. As per the MoU, the involved parties would provide support to the RACE plan to invest in the tech sector as well as in production, while focusing on innovation.

Insider Trading of RACE Stock

The insiders of Ferrari own a 10% stake in the company, which translates to about 44.24 billion. In 2021, insiders were net sellers of RACE stock. The biggest trade was made by the Executive Chairman of the company, John Elkann, who sold $2 million worth of the shares at the price of $202 per share, which was well below the current price of $220. This trend of insiders selling at a lower price than the current price doesn’t leave a great impression on the stock among investors. The net purchase of RACE shares by insiders during 2021 stood at zero.

Concluding Remarks

The Balance sheets of Ferrari reveal that it is going through a serious debt problem, which is evident from a relatively higher debt to equity ratio of 1.19 as well. In the coming time, the debt issue could prove to be because of concern for RACE. However, apart from that, the company is in excellent shape and is expected to remain so in the future as well.


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