Farfetch Limited (NYSE:FTCH) finished Thursday with a subtraction of -$0.04 to close at $2.93, a downside of -1.35 percent. An average of 54,725,703 shares of common stock have been traded in the last five days. There was a fall of -$1.83 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 22,162,465 shares traded, while the 50-day average volume stands at 14,784,380.
FTCH stock has decreased by -46.14% in the last month. The company shares reached their 1-month lowest point of $2.50 on 08/18/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $2.50 and a high of $12.89 in 52 weeks. It has reached a new high 15 times so far this year and lost -38.05% or -$1.80 in price. In spite of this, the price is down -77.27% from the 52-week high.
Valuation Metrics
Farfetch Limited (FTCH) stock’s beta is 3.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.80, the price-to-book (PB) ratio at 2.55.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Farfetch Limited’s EBITDA margin for the year ending June 29 is -14.83%. Its gross profit as reported stood at $1.02 billion compared to revenue of $2.32 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $359.29 million in the quarter, while revenues were shrunk -308.16%. The analyst consensus anticipated Farfetch Limited’s latest quarter earnings to come in at -$0.42 per share, but it turned out to be -$0.68, a -61.90% surprise. For the quarter, EBITDA amounted to -$138.09 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 24 August was 21.33%, suggesting the stock is oversold, with historical volatility in this time frame at 304.97%.
As of today, FTCH’s price is $2.83 -38.45% or -$1.83 from its 5-day moving average. FTCH is currently trading -44.19% lower than its 20-day SMA and -40.33% lower than its 100-day SMA. However, the stock’s current price level is -51.57% below the SMA50 and -64.48% below the SMA200.
The stochastic %K and %D were 14.70% and 11.59%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 14.48% and the average true range at 0.42, the RSI (14) stands at 25.09%. The stock has reached -0.83 on the 9-day MACD Oscillator while the 14-day reading was at -1.32.
Analyst Ratings
KeyBanc Capital Markets downgraded Farfetch Limited (NYSE: FTCH) to a a Sector weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Farfetch Limited (FTCH) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FTCH, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is FTCH’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $20.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Farfetch Limited (FTCH) stock is $7.65.
