Ford Motor stock reached a new 52-week high of $12.44, currently trading at $12.48, reflecting a significant milestone for the $49.27 billion market cap company. InvestingPro analysis indicates the stock is currently trading above its Fair Value. Over the past year, Ford’s stock has experienced a notable increase, with a six-month return of 31.71% and an attractive dividend yield of 6.14%. This upward trend highlights the company’s resilience and strategic initiatives in the automotive industry, with annual revenue reaching $185.25 billion. InvestingPro subscribers have access to 13 additional key insights about Ford’s performance. Investors are closely watching Ford’s performance as it continues to navigate the evolving market dynamics and capitalize on growth opportunities in the electric vehicle sector. Trading at a P/E ratio of 15.79, Ford’s comprehensive analysis is available through the InvestingPro Research Report, part of their coverage of 1,400+ US stocks.
In other recent news, Ford Motor Company announced a recall of over 115,000 trucks in the United States due to a defect that could cause the steering column’s upper shaft to detach, potentially leading to a loss of steering control. The U.S. National Highway Traffic Safety Administration highlighted this issue in their announcement. Additionally, Ford is expanding a recall of certain 2021 model year Ford Expedition and Lincoln Navigator SUVs to include 2020 models due to a potential electrical short that could cause an underhood fire. In a strategic move, Ford is establishing a new subsidiary in China to handle marketing, sales, and service for its vehicles, with operations set to begin on October 1. This development aims to strengthen Ford’s presence in the Chinese market. Meanwhile, options trading for Ford surged, with significant call volume indicating heightened investor interest. In related policy news, President Trump is considering tariff relief for U.S. auto production, which could benefit major car companies like Ford. These developments reflect ongoing changes and challenges for Ford in both domestic and international markets.
