Ford Motor Company’s Stock Price Dips to $11.16, Marking a Steep 18.36% Drop: Is it Time to Buy?

Ford Motor Company (F)

11.16 USD -2.51 (-18.36%) Volume: 258.54M

Ford Motor Company’s stock price stands at 11.16 USD, experiencing a significant drop of 18.36% this trading session with a high trading volume of 258.54M. The automotive giant’s stock continues to struggle with a year-to-date decrease of 8.45%, reflecting the ongoing challenges in the market.

Latest developments on Ford Motor Company

Today, Ford Motor Co stock price took a hit as disappointing Q2 adjusted profit results rattled investors. The company’s Q2 earnings missed expectations, with stubborn warranty costs eroding profits and causing a significant stock plunge in after-hours trading. Despite revenue being up 6%, Ford’s net profits for the quarter fell, leading to a sharp decline in stock value. CEO Jim Farley highlighted the impact of warranty costs and EV losses on the company’s performance, with Ford’s stock heading for its worst decline since 2009. The company aims to focus on smaller, affordable EVs moving forward, even amidst quality issues and rising warranty costs.

Ford Motor Company on Smartkarma

Analysts at Baptista Research are bullish on Ford Motor Co, as they delve into the company’s strategic shifts and focus on hybrid and electric vehicles. In their report titled “Ford Motor Company: Will Its Expansion Of Hybrid Vehicles Compensate For The EV Demand Slowdown? – Major Drivers,” they highlight the transformation theme in Ford’s first-quarter 2024 earnings. The report emphasizes the challenges in the electrification segment, particularly Model e’s losses, and aims to independently evaluate the company’s valuation using a Discounted Cash Flow (DCF) methodology.

In another report by Baptista Research, titled “Ford Motor Company: Multifaceted Approach to the Current EV Market,” CEO Jim Farley’s remarks on Ford’s fourth-quarter 2023 earnings call are highlighted. The report showcases Ford’s significant achievements in the hybrid and electric vehicle space, with a focus on the company’s increased sales figures. With a positive outlook on Ford’s approach to the current EV market, analysts are optimistic about the company’s future performance.

A look at Ford Motor Company Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking ahead, Ford Motor Co appears to have a solid long-term outlook based on its Smartkarma Smart Scores. With a high score of 5 in Dividend, investors can expect consistent and reliable dividend payments from the company. Additionally, scoring a 4 in both Value and Momentum, Ford shows promising signs of being undervalued and having positive price momentum. However, with lower scores in Growth and Resilience at 3 and 2 respectively, the company may face challenges in expanding its business and weathering market downturns.

Ford Motor Company, known for designing, manufacturing, and servicing cars and trucks, also offers vehicle-related financial services through its subsidiary. With a strong emphasis on providing dividends to investors and showing signs of value and positive price momentum, Ford’s overall outlook is promising. Despite facing potential obstacles in terms of growth and resilience, the company’s commitment to its core business and financial stability bodes well for its future prospects in the automotive industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma