As of Thursday close, Farfetch Limited’s (NYSE:FTCH) stock was down -$0.01, moving down -0.35 percent to $2.85. The average number of shares traded per day over the past five days has been 17,056,359 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.08 fall in that time frame. In the last twenty days, the average volume was 23,843,785, while in the previous 50 days, it was 15,638,696.
Since last month, FTCH stock retreated -46.73%. Shares of the company fell to $2.50 on 08/18/23, the lowest level in the past month. A 52-week high of $12.15 was reached on 02/02/23 after having rallying from a 52-week low of $2.50. Since the beginning of this year, FTCH’s stock price has dropped by -39.75% or -$1.88, and marked a new high 15 times. However, the stock has declined by -76.53% since its 52-week high.
Valuation Metrics
The stock’s beta is 3.02. Besides these, the trailing price-to-sales (P/S) ratio of 0.43, the price-to-book (PB) ratio of 2.48.
Financial Health
On the profitability front, the trailing twelve-month gross margin is 43.80% percent. Based on annual data, FTCH earned $1.02 billion in gross profit and brought in $2.32 billion in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FTCH’s revenue rose 2.59% during the quarter, while net income inched up to $2.32 billion. While analysts expected Farfetch Limited to report -$0.42 quarterly earnings, the actual figure was -$0.68 per share, beating the consensus estimate by -61.90%. During the quarter, the company generated -$138.09 million in EBITDA. The liabilities of Farfetch Limited were 2.89 billion at the end of its most recent quarter ended June 29, and its total debt was $1.15 billion.
Technical Picture
This quick technical analysis looks at Farfetch Limited’s (FTCH) price momentum. With a historical volatility rate of 46.34%, the RSI 9-day stood at 21.76% on 31 August.
With respect to its five-day moving average, the current Farfetch Limited price is down by -2.73% percent or -$0.08. At present, FTCH shares trade -45.30% below its 20-day simple moving average and -36.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -48.28% below its SMA50 and -72.22% below its SMA200.
Stochastic coefficient K was 12.53% and Stochastic coefficient D was 12.31%, while ATR was 0.32. Given the Stochastic reading of 12.56% for the 14-day period, the RSI (14) reading has been calculated as 25.14%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.58.
Analyst Ratings
Farfetch Limited downgraded its rating on Farfetch Limited (NYSE: FTCH) to an Equal-weight in a note to investors on August 29, 2023. The analysts firm previously had an Overweight rating on the stock.Farfetch Limited (FTCH) has been rated Overweight by analysts. According to 1 brokerage firm, FTCH is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Farfetch Limited stock as buy, with 8 recommending it as overweight.
With a median target price of $5.50, the current consensus forecast for the stock is $3.00 – $18.00. Based on these forecasts, analysts predict Farfetch Limited (FTCH) will achieve an average price target of $6.64.
