The price of Farfetch Limited (NYSE:FTCH) shares last traded on Wall Street rose 3.59% to $5.48.
Based on available information, 20 analysts follow Farfetch Limited (NYSE:FTCH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $4.30, we find $7.00. Given the previous closing price of $5.29, this indicates a potential upside of 32.33 percent. FTCH stock price is now 21.70% away from the 50-day moving average and -13.02% away from the 200-day moving average. The market capitalization of the company currently stands at $1.91B.
Among analysts, 8 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $9.32 as their price target over the next twelve months.
A total of 2.09% 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 CONTRARIUS INVESTMENT MANAGEMENT LTD during the first quarter worth $37,224,000. ANOMALY CAPITAL MANAGEMENT, LP invested $26,671,000 in shares of FTCH during the first quarter. In the first quarter, MAPLE ROCK CAPITAL PARTNERS INC. acquired a new stake in Farfetch Limited valued at approximately $14,692,000. KUVARI PARTNERS LLP acquired a new stake in FTCH for approximately $10,028,000. MAXI INVESTMENTS CY LTD purchased a new stake in FTCH valued at around $4,384,000 in the second quarter. In total, there are 349 active investors with 92.80% ownership of the company’s stock.
A candlestick chart of Farfetch Limited (NYSE: FTCH) showed a price of $5.25 on Thursday morning. During the past 12 months, Farfetch Limited has had a low of $3.64 and a high of $12.89. As of last week, the company has a debt-to-equity ratio of 1.76, a current ratio of 1.70, and a quick ratio of 1.30. The fifty day moving average price for FTCH is $4.53 and a two-hundred day moving average price translates $6.29 for the stock.
The latest earnings results from Farfetch Limited (NYSE: FTCH) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at -$0.43, beating analysts’ expectations of -$0.44 by 0.01. This compares to $1.56 EPS in the same period last year. The net profit margin was -23.20% and return on equity was -70.80% for FTCH. The company reported revenue of $556.39 million for the quarter, compared to $514.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.08 percent. For the current quarter, analysts expect FTCH to generate $645.19M in revenue.
Farfetch Limited(FTCH) Company Profile
Farfetch Limited, together with its subsidiaries, operates a platform for the luxury fashion industry in the United States, the United Kingdom, and internationally. It operates through three segments: Digital Platform, Brand Platform, and In-Store. The company operates The Farfetch Marketplace, a global digital luxury fashion marketplace that connects consumers from approximately 190 countries and territories with merchandise from sellers, including brands, boutiques and department stores; New Guards, a platform that designs, manufactures, and distributes luxury fashion brands; Browns, a fashion and luxury goods retailer; Stadium Goods, a premium sneaker and streetwear marketplace and retailer; and VioletGrey.com, Luxclusif, Farfetch Future Retail, and other online sales channel. It also offers Farfetch Platform Solutions comprising building and operation of e-commerce and technology solutions for luxury brands and retailers; and ancillary services, including digital marketing, production, and customer services. In addition, the company operates Browns, Stadium Goods, Violet Grey, Off-White, Palm Angels, Ambush, and other brand stores; and Farfetch app. Further, the company engages in the web design, build, development, and retail distribution for retailers and brands. Farfetch Limited was founded in 2007 and is headquartered in London, the United Kingdom.