How Farfetch Limited (FTCH) Is Doing Technically?

The stock of Farfetch Limited (NYSE:FTCH) decreased by decreased by -$2.07 on Friday to finish at $40.06, down -4.91 percent. The last five days have seen an average of 4,460,840 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$23.75. The average number of shares traded over the last 20 days was 3,804,180, while the average volume over the last 50 days totaled 4,154,614.

FTCH stock dropped -2.41% since last month. On 10/12/21, the company’s shares reached a one-month low of $34.29. The stock touched a high of $73.87 on 02/19/21, after rallying from a low of $27.08 in 52 weeks. The price of FTCH stock has declined by -37.22% or -$23.75 this year, reaching a new high 8 times. Still, the stock price is down -45.77% from the 52-week high.

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For the three months ended June 29, Farfetch Limited’s quick ratio was 2.10, while its current ratio was 2.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 45.80% percent. Farfetch Limited’s EBITDA margin for the year ended June 29 was -20.22%, whereas its operating margin stood at -32.30% for the same period. Based on annual data, it had gross profit of $770.93 million and revenue of $1.67 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FTCH’s return on assets (ROA) during the last 12 months has been -69.00%. There was a 59.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 233.10%.

Earnings Surprise

According to Farfetch Limited’s quarterly financial report for the quarter that ended June 29, it had $2.08 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.67 billion, while revenues rose by 39.0% to $0.0. It was predicted that Farfetch Limited’s quarterly earnings would be $0.24, but it ended up being -$0.38, beating the consensus by 163.20%. EBITDA was $158.18 million for the quarter. At the end of Farfetch Limited’s most recent quarter ended June 29, its liabilities totaled 4.15 billion, while its total debt was $823.46 million.

Technical Picture

Here’s a quick look at Farfetch Limited’s (FTCH) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 56.86%, suggesting the stock is Neutral, with a 57.58% historical volatility rate.

The stochastic %K and %D were 87.23% and 91.34% respectively, while the average true range (ATR) was 1.94. Based on the 14-day stochastic reading of 72.13%, the RSI (14) reading is 53.55%. On the 9-day MACD Oscillator, the stock is at 1.97, and the 14-day reading is at 2.93.

Analyst Ratings

In its analyst report released on October 05, 2021, Wedbush began covering Farfetch Limited (NYSE: FTCH). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Farfetch Limited (FTCH) an Overweight rating. FTCH is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 13 others recommend it as a buy.

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

The current consensus forecast for the stock is between $38.00 and $80.00, with a median target price of $57.50. In analyzing these forecasts, the average price target given by analysts for Farfetch Limited (FTCH) is $57.63.


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