The stock of Farfetch Ltd (NYSE:FTCH) last traded at $1.50, up 1.35% 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 $1.50, we find $4.00. Given the previous closing price of $1.48, this indicates a potential upside of 170.27 percent. FTCH stock price is now -30.70% away from the 50-day moving average and -66.24% away from the 200-day moving average. The market capitalization of the company currently stands at $593.21M.
In total, 12 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $4.76 as their price target over the next twelve months.
With the price target maintained at $1.50, Societe Generale recently Downgraded its rating from Buy to Sell for Farfetch Ltd (NYSE: FTCH).
A total of 20.82% of the company’s stock is owned by insiders.
With an opening price of $1.4900 on Tuesday morning, Farfetch Ltd (NYSE: FTCH) set off the trading day. During the past 12 months, Farfetch Ltd has had a low of $1.46 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 $2.1402 and a two-hundred day moving average price translates $4.4217 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 $627.36M in revenue.
