Is Buying Stock In Farfetch Limited (FTCH) A Good Move Today?

Farfetch Limited (NYSE:FTCH) saw a downside of -0.28% to close Tuesday at $35.31 after subtracting -$0.1 on the day. The 5-day average trading volume is 3,729,040 shares of the company’s common stock. It has gained $38.07 in the past week. An average of 3,595,610 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,005,616.

FTCH’s 1-month performance is -17.42% or -$6.94 on its low of $34.29 reached on 10/12/21. The company’s shares have touched a 52-week low of $26.31 and high of $73.87, with the stock’s rally to the 52-week high happening on 02/19/21. YTD, FTCH has lost -44.66% or -$28.50. However, the current price is down -52.20%% from the 52-week high price.


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Valuation Metrics

Farfetch Limited (FTCH) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 30.86 for the sector.FTCH stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.17.

Farfetch Limited’s quick ratio for the period ended June 29 was 2.10, with the current ratio over the same period at 2.40 meaning that FTCH stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 45.80%. The trailing 12-month EBITDA margin is -20.22% while for the period ending June 29; Farfetch Limited’s operating margin was -32.30%. The firm’s gross profit as reported stood at $770.93 million against revenue of $1.67 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Farfetch Limited’s cash and short-term investments amounted to $2.08 million against total debt of $823.46 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FTCH to announce -$0.38 per share in earnings in its latest quarter, but it posted $0.24, representing a 163.20% surprise. EBITDA for the quarter stood at more than $158.18 million. FTCH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.15 billion, with total debt at $823.46 million

Technical Picture

Let’s look briefly at Farfetch Limited (FTCH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 34.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 50.14%.

The stock’s 5-day moving average is $36.00, reflecting a -1.73% or -$0.62 change from its current price. FTCH is currently trading -13.86% above its 20-day SMA, -11.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -29.66% and -44.83% respectively.

Stochastic %K and %D was 20.92% and 23.51% and the average true range (ATR) pointed at 1.68. The RSI (14) points at 35.74%, while the 14-day stochastic is at 14.11% with the period’s ATR at 1.70. The stock’s 9-day MACD Oscillator is pointing at -0.32 and -1.54 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Farfetch Limited (NYSE: FTCH), Wedbush launched coverage with a Neutral rating. Analysts offering their rating for FTCH stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate FTCH as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 13 have offered a “buy” rating.

What is FTCH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $38.00 and a high of $80.00, with their median price target at $57.50. Looking at these predictions, the average price target given by analysts is for Farfetch Limited (FTCH) stock is $57.63.

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