Porsche share: relaxation after crash - does the turning point come?

Porsche share: relaxation after crash - does the turning point come?

Porsche Automobil Holding SE, Deutschland - On December 20, 2024, Porsche Automobil Holding SE shows a mixed picture on the Xetra parquet. After a decline by 0.7 % to EUR 35.62 on December 13, the first serious warning signal in the form of a "shooting star" candletting, the stock has attracted the share in the past few days. The course rose from yesterday's trading day by 1.0 % to EUR 34.33, which represents a remarkable increase from the opening price of EUR 34.00. However, in view of a 52-week low of EUR 33.40, the location remains tense, since the paper is still 2.78 % because Stock-world.de The drastic decline of over 34 % has been striking since the high in April 2024, when the share noted at EUR 52.32. The market capitalization is currently 5.3 billion EUR, which indicates the challenging market conditions. Despite these problems, analysts are optimism for the future of Porsche. You expect an increase in the dividend from EUR 2.56 to EUR 3.06 per share in this financial year, which could meet potential investors. The average price targets of the experts are EUR 47.33, which has significant upward potential for the share, such as finanzen.net

investors in view

The high expectations go hand in hand with the forecast profits of EUR 13.77 per share for the 2024 financial year, whereby the next quarterly figures for March 25, 2025 are scheduled. It remains to be seen whether Porsche automobile will be able to fulfill this hope and to stabilize its position in competition.