Ford Lagging Behind Rivian in Light EV Truck Sales

As reported by Barrons: "Ford Motor loves to sell trucks. It's F-150 has been the best-selling truck in America for 46 consecutive years and the best-selling vehicle in America for the past 41. Ford's all-electric F-150 Lightning truck, however, couldn't catch EV upstart Rivian Automotive ( ticker: RIVN ) in 2022." You can read more about it here. Ford Motor Company rose 1.7% during the afternoon session to $12.22 per share.

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, Ford Motor Company has a trailing 12 month P/E ratio of 5.4 and a P/B ratio of 1.2.

Ford Motor Company has moved -50.9% over the last year compared to -18.0% for the S&P 500 -- a difference of -32.9%. Ford Motor Company has a 52 week high of $25.87 and a 52 week low of $10.61. At today's price of $12.22 per share, Ford Motor Company is -15.55% away from its target price of $14.47, and on average, analysts give the stock a rating of hold. 3.3% of the company's shares are linked to short positions, and 52.7% of the shares are owned by institutional investors.

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