Farfetch Ltd (NYSE:FTCH) saw an upside of 4.95% to close Monday at $1.91 after adding $0.09 on the day. The 5-day average trading volume is 16,588,660 shares of the company’s common stock. It has gained $2.2600 in the past week and touched a new high 1 time within the past 5 days. An average of 14,982,130 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 17,237,727.
FTCH’s 1-month performance is -34.81% or -$1.0200 on its low of $1.7600 reached on 09/25/23. The company’s shares have touched a 52-week low of $1.82 and high of $10.88, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, FTCH has lost -59.62% or -$2.8200 and has reached a new high 15 times. However, the current price is down -82.44% 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 0.32 while the price-to-book (PB) in the most recent quarter is 1.64.
Farfetch Ltd’s quick ratio for the period ended June 29 was 1.02, with the current ratio over the same period at 1.47. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.41, while the total debt to equity was 2.50. In terms of profitability, the gross margin trailing 12 months is 28.08%. The trailing 12-month EBITDA margin is -14.83% while for the period ending June 29, Farfetch Ltd’s operating margin was -30.81%. 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 -$0.68, representing a -61.90% 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 Ltd (FTCH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 21.12% to suggest the stock is trending oversold, with historical volatility in this time period at 65.74%.
The stock’s 5-day moving average is $1.9960, reflecting a -12.79% or -$0.2800 change from its current price. FTCH is currently trading -34.81% above its 20-day SMA, -50.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -69.44% and SMA200 by-62.10%.
Stochastic %K and %D was 7.24% and 4.85% and the average true range (ATR) pointed at 0.1805. The RSI (14) points at 22.34%, while the 14-day stochastic is at 13.17% with the period’s ATR at 0.2131. The stock’s 9-day MACD Oscillator is pointing at -0.2467 and -0.4164 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Farfetch Ltd (NYSE: FTCH), Morgan Stanley downgraded it to an Equal-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 Hold. Currently, 1 brokerage advisors rate FTCH as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
