Down 30%, Ford Looks like a Buy
The awards keep rolling in for Ford (NYSE: F). Ford recently won the prestigious awards for 2022 North American Truck of the Year (for the Ford Maverick) and 2022 North American Utility Vehicle of the Year (for the Ford Bronco) from the North American International Auto Show in Detroit. The Mustang Mach-E also just beat out Tesla's (NASDAQ: TSLA) Model 3 for the title of Consumer Reports' top EV for 2022, a watershed moment given the company's ambitions in the electric vehicle space .
With a 60% rally off of its 52-week low set over the summer, things have been pretty good for Ford and its shareholders overall. But the present looks like a good entry point for investors as shares are down 30% from their 52-week high. Ford still looks incredibly cheap on a variety of metrics, and there is plenty of room for upside ahead.
Image source: Getty Images.
Source Fool.com
