The stock of Farfetch Limited (NYSE:FTCH) decreased by -$0.11 on Monday to finish at $2.82, down -3.75 percent. The last five days have seen an average of 17,589,020 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$1.91. The average number of shares traded over the last 20 days was 22,426,811, while the average volume over the last 50 days totaled 14,890,554.
FTCH stock dropped -49.46% since last month. On 08/18/23, the company’s shares reached a one-month low of $2.50. The stock touched a high of $12.89 on 02/02/23, after rallying from a low of $2.50 in 52 weeks. The price of FTCH stock has declined by -40.38% or -$1.91 this year, reaching a new high 15 times. Still, the stock price is down -78.12% from the 52-week high.
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Valuation Metrics
Beta for the stock is 3.05. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.42, the price-to-book (PB) ratio of 2.45.
Financial Health
As far as profitability goes, gross margin for the trailing twelve months is 43.80% percent. Based on annual data, it had gross profit of $1.02 billion and revenue of $2.32 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -45.50% return on investment (ROI) in the past year.
Earnings Surprise
According to Farfetch Limited’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.32 billion, while revenues rose by 2.59% to $0.0. It was predicted that Farfetch Limited’s quarterly earnings would be -$0.68, but it ended up being -$0.42, beating the consensus by -61.90%. EBITDA was -$138.09 million for the quarter. At the end of Farfetch Limited’s most recent quarter ended June 29, its liabilities totaled 2.89 billion, while its total debt was $1.15 billion.
Technical Picture
Here’s a quick look at Farfetch Limited’s (FTCH) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 20.15%, suggesting the stock is oversold, with a 303.03% historical volatility rate.
The stochastic %K and %D were 13.24% and 14.29% respectively, while the average true range (ATR) was 0.38. Based on the 14-day stochastic reading of 10.77%, the RSI (14) reading is 24.21%. On the 9-day MACD Oscillator, the stock is at -0.38, and the 14-day reading is at -1.04.
Analyst Ratings
Farfetch Limited (NYSE: FTCH) was downgraded by KeyBanc Capital Markets to a a Sector weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Farfetch Limited (FTCH) an Overweight rating. FTCH is a stock that is recommended for selling by 1 brokerage firm, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.
What is FTCH’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $20.00, with a median target price of $5.50. In analyzing these forecasts, the average price target given by analysts for Farfetch Limited (FTCH) is $7.52.
