Fossil Group Inc. (NASDAQ:FOSL) finished Friday with a subtraction of -$0.12 to close at $2.13, a downside of -5.33 percent. An average of 719,460 shares of common stock have been traded in the last five days. There was a fall of -$0.44 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 366,570 shares traded, while the 50-day average volume stands at 488,334.
FOSL stock has decreased by -19.32% in the last month. The company shares reached their 1-month lowest point of $1.90 on 08/10/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $1.89 and a high of $6.33 in 52 weeks. It has reached a new high 12 times so far this year and lost -50.58% or -$2.18 in price. In spite of this, the price is down -66.33% from the 52-week high.
Valuation Metrics
Fossil Group Inc. (FOSL) stock’s beta is 2.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.07, the price-to-book (PB) ratio at 0.30.
Financial Health
The quick ratio of Fossil Group Inc. for the three months ended June 29 was 1.50, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.64 and a total debt to equity ratio of 0.64 for the quarter ending June 29. Fossil Group Inc.’s EBITDA margin for the year ending June 29 is 5.87%, while its operating margin for the same period stands at -1.50%. Its gross profit as reported stood at $830.68 million compared to revenue of $1.68 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, Fossil Group Inc.’s return on assets was -5.20%.
Earnings Surprise
For the three-month period that ended June 29, Fossil Group Inc. had $243.03 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$26.53 million in the quarter, while revenues of -$41.26 million were grew 28.12%. The analyst consensus anticipated Fossil Group Inc.’s latest quarter earnings to come in at -$1.71 per share, but it turned out to be -$0.23, a 86.50% surprise. For the quarter, EBITDA amounted to -$30.51 million. Shareholders own equity worth $52.47 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fossil Group Inc. (FOSL) price momentum. RSI 9-day as of the close on 11 August was 24.19%, suggesting the stock is oversold, with historical volatility in this time frame at 86.43%.
As of today, FOSL’s price is $2.39 -17.12% or -$0.44 from its 5-day moving average. FOSL is currently trading -20.82% lower than its 20-day SMA and -33.23% lower than its 100-day SMA. However, the stock’s current price level is +4.93% above the SMA50 and -38.26% below the SMA200.
The stochastic %K and %D were 25.30% and 24.60%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 23.83% and the average true range at 0.18, the RSI (14) stands at 31.75%. The stock has reached -0.24 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.
Analyst Ratings
Telsey Advisory Group reiterated its a Market perform rating on Fossil Group Inc. (NASDAQ: FOSL), but raised their price target to $7, indicating a potential price increase of 69.57% for the stock. The consensus rating for Fossil Group Inc. (FOSL) among analysts is Underweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FOSL, while 0 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is FOSL’s price target for the next 12 months?
Analysts predict a range of price targets between $2.50 and $2.50, with a median target of $2.50. Taking a look at these predictions, the average price target given by analysts for Fossil Group Inc. (FOSL) stock is $2.50.
