Fiat Chrysler Automobiles N.V. (FCAU) shares are trading at higher $13.18 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $16.13.
To add more color to this target, the company’s high over the last year is $16.25 and the low is $6.00. Over the last 52 weeks, FCAU is up 0.08% while the S&P 500 is up 15.12%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, FCAU reported a profit of $731.13 million. Fiat Chrysler Automobiles N.V. also saw revenues increase to $12.89 billion. In addition, FCAU has free cash flow of -$11.04 billion as of 06-2020. The company’s EBITDA came in at $346.25 million which compares well with its peers.
Find out when FCAU reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
FCAU has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.91 million and more growth is possible in the weeks ahead. Fiat Chrysler Automobiles N.V. FCAU also noted assets of $103.07 billion at the end of the last quarter. Investors should also keep an eye on sector updates as FCAU has historically followed its peers on positive news.
All told, Fiat Chrysler Automobiles N.V. FCAU has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FCAU represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
FCAU is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FCAU stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in FCAU, either long or short, and we have not been compensated for this article.