FORD MOTOR COMPANY sales up 36.6% in July
August 4, 2022
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The strong sales report for the month of July helped fuel a gain for Ford ($NYSE:F) shares on Wednesday. In a sales update posted prior to the market open on Wednesday, the Michigan-based automaker reported that total vehicle sales increased 36.6% year over year, growing to 163.9K units sold in the month. This robust performance was driven by growth across nearly all of Ford’s key markets, with sales rising in the US, Europe, China, and other regions. Ford’s strong showing in July bodes well for the company’s earnings in the second half of the year, and investors are bullish on the stock in the long term.
This was a significant increase from the previous month, and caused FORD MOTOR COMPANY stock to open at $15.5 and close at $15.7, up by 3.5% from the previous closing price of 15.2. This trend is likely to continue in the coming months, as FORD MOTOR COMPANY continues to release new and innovative products that consumers are clamoring for.
Company’s fundamentals reflect its long term potential
The intrinsic value of FORD MOTOR COMPANY share is around $11.0
Now FORD MOTOR COMPANY stock is traded at $15.7, overvalued by 43%
This was driven by strong demand for the company’s vehicles in the US market. The stock price rose 3.5% the following day, on the back of this news. Investors are bullish on FORD MOTOR COMPANY’s prospects, given the strong sales growth. The company is expected to continue to benefit from strong demand for its vehicles in the US market. The stock is a good investment for those looking for growth in the automotive sector.
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