Analysis Of The Weekly Performance Of Farfetch Limited (FTCH)


Farfetch Limited (NYSE:FTCH) finished Thursday with a subtraction of -$0.53 to close at $8.97, a downside of -5.58 percent. An average of 9,118,800 shares of common stock have been traded in the last five days. There was a fall of -$2.34 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 13,806,930 shares traded, while the 50-day average volume stands at 11,675,118.

FTCH stock has increased by 14.41% in the last month. The company shares reached their 1-month lowest point of $7.77 on 08/23/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $6.52 and a high of $47.30 in 52 weeks. It has reached a new high 1 time so far this year and lost -73.17% or -$24.46 in price. In spite of this, the price is down -81.04% from the 52-week high.

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Valuation Metrics

Farfetch Limited (FTCH) has a trailing price-to-earnings (P/E) ratio of 2.47. The stock’s beta is 2.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.59, the price-to-book (PB) ratio at 3.60.

Financial Health

The quick ratio of Farfetch Limited for the three months ended March 30 was 1.30, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.76 and a total debt to equity ratio of 0.80 for the quarter ending March 30. Its gross profit as reported stood at $1.02 billion compared to revenue of $2.26 billion.

Earnings Surprise

For the three-month period that ended March 30, Farfetch Limited had $10.2 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.47 billion in the quarter, while revenues were grew 328.48%. The analyst consensus anticipated Farfetch Limited’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.24, a 14.30% surprise. For the quarter, EBITDA amounted to $165.12 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 22 September was 37.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 97.96%.

As of today, FTCH’s price is $9.70 -20.69% or -$2.34 from its 5-day moving average. FTCH is currently trading -5.68% lower than its 20-day SMA and -19.91% lower than its 100-day SMA. However, the stock’s current price level is +26.69% above the SMA50 and -73.08% below the SMA200.

The stochastic %K and %D were 14.29% and 25.95%, respectively, and the average true range (ATR) was 0.93. With the 14-day stochastic at 4.80% and the average true range at 0.95, the RSI (14) stands at 43.76%. The stock has reached -1.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.91.

Analyst Ratings

Cowen downgraded Farfetch Limited (NYSE: FTCH) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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

Analysts predict a range of price targets between $9.00 and $32.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Farfetch Limited (FTCH) stock is $16.55.


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