The stock of Farfetch Ltd (NYSE:FTCH) last traded at $1.91, up 4.95% from the previous session.
Data from the available sources indicates that Farfetch Ltd (NYSE:FTCH) is covered by 20 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $3.00, we find $5.00. Given the previous closing price of $1.82, this indicates a potential upside of 174.73 percent. FTCH stock price is now -51.96% away from the 50-day moving average and -60.24% away from the 200-day moving average. The market capitalization of the company currently stands at $755.35M.
In total, 13 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $5.28 as their price target over the next twelve months.
With the price target reduced from $20 to $5, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Farfetch Ltd (NYSE: FTCH).
A total of 22.57% 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 Ltd shares was purchased by NISHKAMA CAPITAL, LLC during the first quarter worth $4,567,000. HOLOCENE ADVISORS, LP invested $4,117,000 in shares of FTCH during the first quarter. In the first quarter, ARDMORE ROAD ASSET MANAGEMENT LP acquired a new stake in Farfetch Ltd valued at approximately $4,011,000. PORTOLAN CAPITAL MANAGEMENT, LLC acquired a new stake in FTCH for approximately $2,403,000. KCL CAPITAL, L.P. purchased a new stake in FTCH valued at around $1,910,000 in the second quarter. In total, there are 314 active investors with 58.00% ownership of the company’s stock.
With an opening price of $1.8000 on Monday morning, Farfetch Ltd (NYSE: FTCH) set off the trading day. During the past 12 months, Farfetch Ltd has had a low of $1.82 and a high of $10.88. As of last week, the company has a debt-to-equity ratio of 2.50, a current ratio of 1.47, and a quick ratio of 1.02. The fifty day moving average price for FTCH is $3.8892 and a two-hundred day moving average price translates $4.7877 for the stock.
The latest earnings results from Farfetch Ltd (NYSE: FTCH) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at -$0.68, missing analysts’ expectations of -$0.42 by -0.26. This compares to $0.15 EPS in the same period last year. The net profit margin was -37.83% and return on equity was -125.77% for FTCH. The company reported revenue of $572.09 million for the quarter, compared to $579.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.25 percent. For the current quarter, analysts expect FTCH to generate $628.79M in revenue.
Farfetch Ltd(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.
