Analysts Issue Research Notes On Farfetch Limited (FTCH)

Farfetch Limited (NYSE:FTCH) trading with an addition of $0.84 to $37.56 on Thursday, an upside of 2.29 percent. An average of 2,712,590 shares of common stock have been traded in the last five days. There was a gain of $1.26 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 3,262,733 shares traded, while the 50-day average volume stands at 3,888,093.

FTCH stock has decreased by -10.42% in the last month. The company shares reached their 1-month lowest point of $34.29 on 10/12/21. With the stock rallying to its 52-week high on 02/19/21, shares of the company touched a low of $26.35 and a high of $73.87 in 52 weeks. It has reached a new high 8 times so far this year and lost -42.45% or -$25.84 in price. In spite of this, the price is down -49.15% from the 52-week high.


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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 31.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.41.

The quick ratio of Farfetch Limited for the three months ended June 29 was 2.10, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. On the profitability front, the trailing 12-month gross margin is 45.80% against a 5-year average of 48.4%. Farfetch Limited’s EBITDA margin for the year ending June 29 is -20.22%, while its operating margin for the same period stands at -32.30%. Its gross profit as reported stood at $770.93 million compared to revenue of $1.67 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Farfetch Limited’s return on assets was -69.00%, compared to -42.8% over the last five years.

Earnings Surprise

For the three-month period that ended June 29, Farfetch Limited had $2.08 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.35 billion in the quarter, while revenues were grew 88.5%. The analyst consensus anticipated Farfetch Limited’s latest quarter earnings to come in at -$0.38 per share, but it turned out to be $0.24, a 163.20% surprise. For the quarter, EBITDA amounted to $158.18 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Farfetch Limited (FTCH) price momentum. RSI 9-day as of the close on 13 October was 52.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.64%.

As of today, FTCH’s price is $36.58 +3.43% or $1.26 from its 5-day moving average. FTCH is currently trading -5.50% lower than its 20-day SMA and -8.15% lower than its 100-day SMA. However, the stock’s current price level is -20.10% below the SMA50 and -39.56% below the SMA200.

The stochastic %K and %D were 33.09% and 24.28%, respectively, and the average true range (ATR) was 1.75. With the 14-day stochastic at 51.54% and the average true range at 1.74, the RSI (14) stands at 47.58%. The stock has reached 0.31 on the 9-day MACD Oscillator while the 14-day reading was at -0.40.

Analyst Ratings

Wedbush launched coverage on Farfetch Limited (NYSE: FTCH) in its analyst report released on October 05, 2021. The firm assigned the stock a a Neutral rating.The consensus rating for Farfetch Limited (FTCH) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FTCH, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 13 others rate it as a “buy”.

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

Analysts predict a range of price targets between $38.00 and $80.00, with a median target of $57.50. Taking a look at these predictions, the average price target given by analysts for Farfetch Limited (FTCH) stock is $57.63.

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