Ford snaps six straight sessions of losses

Ford Motor Company (NYSE:F) shares snapped six straight sessions of losses, as the stock closed 0.6% higher on $9.78 on Tuesday.

The Michigan-based company lost about 12% in the preceding six sessions. Overall, the stock has lost 19% so far this year, compared to the over 8% rise in the broader S&P 500 Index.

F is down 25% over the past one month. The stock closed 3.2% lower on Monday at $9.71.

Looking at Seeking Alpha’s Quant Rating, F has a Hold rating with a score of 3.22 out of 5. The company received A+ in the prospect of profitability, while it got a D- in growth.

Turning to the Wall Street community, nine analysts gave F a Buy and above. 14 analysts have given the stock a Hold recommendation, and three recommended Strong Sell.

Seeking Alpha analysts are also cautious and see the stock as a Hold.

Last month, the company’s profitability eroded in the second quarter as increased warranty costs and losses associated with its electric vehicle division left the carmaker with an adjusted profit of $0.47 per share, down $0.25 from the same quarter last year and $0.21 below Wall Street’s expectations.

Moreover, the company’s July sales also came 0.2% down year-over-year, due to softer sales in SUVs and transit vans.

“We think Ford’s balance sheet must be considered, as its debt levels and liquidity ratios are in unfavorable territory,” pointed out a recent Seeking Alpha analysis, adding that strong growth in Ford’s “EV segment and possible input cost-cutting prospects might cushion against top-line pressure.”