Farfetch Limited (NYSE:FTCH) saw an upside of 3.83% to close Monday at $2.71 after adding $0.1 on the day. The 5-day average trading volume is 54,168,641 shares of the company’s common stock. It has gained $5.17 in the past week and touched a new high 1 time within the past 5 days. An average of 20,516,135 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 14,369,172.
FTCH’s 1-month performance is -50.73% or -$2.79 on its low of $2.50 reached on 08/18/23. The company’s shares have touched a 52-week low of $2.50 and high of $12.89, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, FTCH has lost -42.71% or -$2.02 and has reached a new high 15 times. However, the current price is down -78.98% from the 52-week high price.
Valuation Metrics
FTCH stock has a beta of 3.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.74 while the price-to-book (PB) in the most recent quarter is 2.36.
. In terms of profitability, the gross margin trailing 12 months is 43.80%. The trailing 12-month EBITDA margin is -14.83%. 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 June 29 this year, Net income and sales went up 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 -$0.42 per share in earnings in its latest quarter, but it posted -$0.64, representing a -52.40% surprise. EBITDA for the quarter stood at more than -$138.09 million. FTCH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.89 billion, with total debt at $1.15 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 21 August was 13.94% to suggest the stock is trending oversold, with historical volatility in this time period at 296.66%.
The stock’s 5-day moving average is $3.96, reflecting a -48.48% or -$2.55 change from its current price. FTCH is currently trading -49.53% above its 20-day SMA, -36.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -50.55% and SMA200 by-67.74%.
Stochastic %K and %D was 5.28% and 7.38% and the average true range (ATR) pointed at 0.51. The RSI (14) points at 20.09%, while the 14-day stochastic is at 6.69% with the period’s ATR at 0.46. The stock’s 9-day MACD Oscillator is pointing at -1.14 and -1.39 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Farfetch Limited (NYSE: FTCH), KeyBanc Capital Markets downgraded it to a Sector weight rating. They previously had an Overweight rating on the stock. 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 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 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 $3.00 and a high of $20.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Farfetch Limited (FTCH) stock is $7.83.
