Ford closes in red for a seventh consecutive day

Update: headline, closing share price

Ford (NYSE:F) continued its red spell and closed negatively for a seventh consecutive session, after declining 4.3% over the last six trading sessions.

Shares of the U.S. automobile manufacturer closed down 0.1% at $12.13 on Thursday. The stock rose marginally during trading hours, as much as 0.8%, to $12.24, still below its 52-week high of $15.42. The stock has lost 0.5% in value in the last 12 months.

Ford has closed in the red for eight trading days in February so far. In January, it closed negatively for 11 out of 21 sessions.

Seeking Alpha’s Quant rating system has given F a Hold rating with a score of 3.44 out of 5.

The Dearborn, Michigan-based company has been graded A+ for profitability and B for momentum, while its growth and valuation prospects have been graded D+ and B+, respectively.

Turning to the Wall Street community, four analysts have given F a Strong Buy, while four are Buy on the stock. 12 analysts have given the stock a Hold recommendation, and four have rated it a Strong Sell.

Seeking Alpha analysts, on average, see the stock as a Buy. SA contributor JR Research said in their February 15 report, “Ford has continued its remarkable recovery since mid-January 2024, corroborating the strength in its previous bottom in October/November 2023. The market has returned its focus to Ford’s core automotive business after the UAW debacle late last year. Ford’s management is reassessing its aggressive push into EVs and plans to temper its EV-related investments in 2024, given the recent seismic change. With F forming its long-term lows in late 2023, the recovery momentum looks set to carry on. Maintain Buy.”

SA contributor Doron Levin said in his February 8 report that “Ford aims for profitability in the first 12 months of launching its next generation of battery electric vehicles (BEVs). The automaker plans to invest less capital in large BEVs and focus on geographies and product segments where it has a dominant advantage, such as trucks and vans. Ford is adjusting its capital to be more focused on smaller EV products and is testing fuel cell feasibility for commercial vehicles in the UK.”

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