How should investors evaluate Farfetch Ltd (NYSE:FTCH)?

Stocks of Farfetch Ltd (NYSE:FTCH) traded higher last session on Wall Street, up 4.24% to $1.72.

According to the data, Farfetch Ltd (NYSE:FTCH) has 20 analysts covering its stock. 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 $1.65, this indicates a potential upside of 142.42 percent. FTCH stock price is now -17.51% away from the 50-day moving average and -60.69% away from the 200-day moving average. The market capitalization of the company currently stands at $680.21M.

A total of 12 analysts have issued 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.

Friday’s opening bell rang with an opening price of $1.7100 for Farfetch Ltd (NYSE: FTCH). During the past 12 months, Farfetch Ltd has had a low of $1.40 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 $2.0608 and a two-hundred day moving average price translates $4.3548 for the stock.

The latest earnings results from Farfetch Ltd (NYSE: FTCH) was released for Jun, 2023. 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.

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, 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.

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