Farfetch Limited (FTCH) Insider Trading: What Insights Can Be Gained?

As of Thursday close, Farfetch Limited’s (NYSE:FTCH) stock was down -$0.24, moving down -2.59 percent to $9.03. The average number of shares traded per day over the past five days has been 7,344,260 shares. 5 times new highs have been achieved over the past 5 days, with a $1.07 gain in that time frame. In the last twenty days, the average volume was 9,752,445, while in the previous 50 days, it was 11,768,946.

Since last month, FTCH stock rose 20.88%. Shares of the company fell to $6.52 on 07/15/22, the lowest level in the past month. A 52-week high of $48.63 was reached on 01/03/22 after having rallying from a 52-week low of $6.52. Since the beginning of this year, FTCH’s stock price has dropped by -72.99% or -$24.40, and marked a new high 1 time. However, the stock has declined by -81.43% since its 52-week high.

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Valuation Metrics

Right now, Farfetch Limited (FTCH) has a P/E ratio of about 2.46. The stock’s beta is 3.03. Besides these, the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 3.96.

Financial Health

In the three months ended March 30, Farfetch Limited’s quick ratio stood at 1.70, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.82, and the total debt-to-equity ratio was 0.86. On the profitability front, the trailing twelve-month gross margin is 44.90% percent. In the year ended March 30, operating margins totaled -22.70%. Based on annual data, FTCH earned $1.02 billion in gross profit and brought in $2.26 billion in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FTCH’s revenue rose 25.82% during the quarter, while net income inched up to $2.26 billion. While analysts expected Farfetch Limited to report -$0.28 quarterly earnings, the actual figure was -$0.24 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated $828.9 million in EBITDA. The liabilities of Farfetch Limited were 2.82 billion at the end of its most recent quarter ended March 30, and its total debt was $752.31 million.

Technical Picture

This quick technical analysis looks at Farfetch Limited’s (FTCH) price momentum. With a historical volatility rate of 95.12%, the RSI 9-day stood at 62.96% on 04 August.

With respect to its five-day moving average, the current Farfetch Limited price is up by +13.44% percent or $1.07. At present, FTCH shares trade +14.16% above its 20-day simple moving average and -21.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately +18.66% above its SMA50 and -77.26% below its SMA200.

Stochastic coefficient K was 84.55% and Stochastic coefficient D was 77.41%, while ATR was 0.73. Given the Stochastic reading of 81.94% for the 14-day period, the RSI (14) reading has been calculated as 58.04%. As of today, the MACD Oscillator reading stands at 0.62, while the 14-day reading stands at 0.72.

Analyst Ratings

Farfetch Limited downgraded its rating on Farfetch Limited (NYSE: FTCH) to a Market perform in a note to investors on August 02, 2022. The analysts firm previously had an Outperform rating on the stock.Farfetch Limited (FTCH) has been rated Overweight by analysts. According to 0 brokerage firms, FTCH is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Farfetch Limited stock as buy, with 13 recommending it as overweight.

With a median target price of $16.00, the current consensus forecast for the stock is $8.00 – $34.00. Based on these forecasts, analysts predict Farfetch Limited (FTCH) will achieve an average price target of $17.21.


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