In yesterday’s Wall Street session, Farfetch Limited (NYSE:FTCH) shares traded at $7.30, down -2.54% from the previous session.
FTCH stock price is now -14.36% away from the 50-day moving average and -30.65% away from the 200-day moving average. The market capitalization of the company currently stands at $3.13B.
With the price target of $6, Citigroup recently initiated with Sell rating for Farfetch Limited (NYSE: FTCH). On August 02, 2022, Cowen Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $11 to quote $9, while ‘Piper Sandler’ rates the stock as ‘Neutral’.
A total of 2.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FTCH stock. A new stake in Farfetch Limited shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $64,833,000. CANDLESTICK CAPITAL MANAGEMENT LP invested $32,622,000 in shares of FTCH during the first quarter. In the first quarter, SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in Farfetch Limited valued at approximately $12,622,000. ARDMORE ROAD ASSET MANAGEMENT LP acquired a new stake in FTCH for approximately $5,840,000. INTERVAL PARTNERS, LP purchased a new stake in FTCH valued at around $3,796,000 in the second quarter. In total, there are 357 active investors with 92.70% ownership of the company’s stock.
Tuesday morning saw Farfetch Limited (NYSE: FTCH) opened at $7.40. During the past 12 months, Farfetch Limited has had a low of $6.52 and a high of $39.49. As of last week, the company has a debt-to-equity ratio of 1.02, a current ratio of 1.40, and a quick ratio of 1.10. The fifty day moving average price for FTCH is $8.52 and a two-hundred day moving average price translates $10.53 for the stock.
The latest earnings results from Farfetch Limited (NYSE: FTCH) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at -$0.21, beating analysts’ expectations of -$0.32 by 0.11. This compares to $1.64 EPS in the same period last year. The net profit margin was 27.00% and return on equity was 95.30% for FTCH. The company reported revenue of $593.36 million for the quarter, compared to $582.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.85 percent. For the current quarter, analysts expect FTCH to generate $600.33M in revenue.
Farfetch Limited(FTCH) Company Profile
Farfetch Limited, together with its subsidiaries, provides an online marketplace for luxury fashion goods in the United States, the United Kingdom, and internationally. It operates through three segments: Digital Platform, Brand Platform, and In-Store. The company operates Farfetch.com, an online marketplace, as well as Farfetch app for retailers and brands. It also offers web design, build, development, and retail distribution solutions for retailers and brands. As of December 31, 2021, operates two Browns retail stores; two Stadium Goods retail stores; and twelve New Guards Off-White stores, as well as three Ambush stores, two Palm Angels stores, and three Off-White outlets. In addition, it operates approximately sixty New Guards franchised retail stores and four seasonal stores under various brands. Farfetch Limited was founded in 2007 and is headquartered in London, the United Kingdom.