Farfetch Limited (NYSE:FTCH) saw a downside of -2.68% to close Tuesday at $5.09 after subtracting -$0.14 on the day. The 5-day average trading volume is 9,771,900 shares of the company’s common stock. It has gained $5.64 in the past week and touched a new high 1 time within the past 5 days. An average of 10,582,615 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,022,942.
FTCH’s 1-month performance is -15.73% or -$0.62 on its low of $4.90 reached on 08/08/23. The company’s shares have touched a 52-week low of $3.64 and high of $12.89, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, FTCH has achieved 7.61% or $0.36 and has reached a new high 15 times. However, the current price is down -60.51% from the 52-week high price.
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Valuation Metrics
FTCH stock has a beta of 2.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.77 while the price-to-book (PB) in the most recent quarter is 3.12.
Farfetch Limited’s quick ratio for the period ended March 30 was 1.30, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending March 30 was 1.70, while the total debt to equity was 1.76.. In terms of profitability, the gross margin trailing 12 months is 43.80%. The trailing 12-month EBITDA margin is -14.83% while for the period ending March 30, Farfetch Limited’s operating margin was -36.70%. The firm’s gross profit as reported stood at $1.02 billion against revenue of $2.32 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Farfetch Limited’s cash and short-term investments amounted to $16.19 million against total debt of $1.14 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -308.16% to $359.29 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected FTCH to announce -$0.44 per share in earnings in its latest quarter, but it posted -$0.43, representing a 2.30% surprise. EBITDA for the quarter stood at more than -$90.69 million. FTCH stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 2.68 billion, with total debt at $1.14 billion.
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 08 August was 37.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.39%.
The stock’s 5-day moving average is $5.21, reflecting a -7.62% or -$0.42 change from its current price. FTCH is currently trading -18.04% above its 20-day SMA, +6.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.49% and SMA200 by-31.68%.
Stochastic %K and %D was 16.17% and 12.36% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 41.26%, while the 14-day stochastic is at 18.81% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -0.22 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Farfetch Limited (NYSE: FTCH), JMP Securities launched coverage with a Mkt perform 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 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 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 $4.30 and a high of $20.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Farfetch Limited (FTCH) stock is $9.76.
