Shares of Fiat Chrysler Automobiles N.V. edged higher by 103.12% since sharply dropping at $5.45 in July last year. It appears that the stock significantly rallied at nearly 0.45% in the last five sessions and is now up 21.38% so far on the year, marking a strong territory.
On an average basis, the brokerage firm is recommending market participants to hold Fiat Chrysler Automobiles N.V. stocks with a price target of $15.59.
The company’s revenue growth plummeted at an average annualized rate of 0% during the last five years. However, the auto maker’s most recent quarter rallied 4.5%, which looks unattractive.
The net profit margin of the Fiat Chrysler for the last 12 months stood at 0%, compared to the rival’s net margin, which grew at 13.29%, while the sector’s average is 12.49%. Thus, it seemed that the stock is in a weak territory compared to its peers and sector.
Analysts issued a mean recommendation on the stock with 2.30 score. The company is expected to post an earnings per share (EPS) of 80.50% this year, while the earnings per share growth is estimated to record at 9.50% in the next year.
Meanwhile, the annual earnings per share settled at 86.70% in the last five years, while the long-term annual earnings per share growth was then estimated to post an 18.16% in the next five years.
Fiat 124 Spider
Fiat Chrysler unveiled its most powerful production car ‘the 2018 Dodge Challenger Demon’ at the recent show in New York. It appears that this isn’t the first time the auto maker used the Demon name.
Looking back in the early 1970s Dart, the name Demon has first appeared on those variants, including the two-seat roadster concept in 2007. However, the latter Demon has failed to undergo production, but its spirit lives on in the form of the new Fiat 124 Spider.
The chart below illustrates Fiat Chrysler Automobile N.V. stock movement. Meanwhile, the stock is currently trading at $10.240 in a light trading volume. The RSI at 49.765 suggests that the stock is in a neutral territory.
Given that the stock is in a neutral path, it is also currently testing resistance at 10.037, following a downward trend. Thus, investors are recommended to wait on the sidelines until the stock breaks through below its nearest resistance.
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