The price of Farfetch Ltd (NYSE:FTCH) shares last traded on Wall Street rose 0.78% to $1.29.
Based on available information, 13 analysts follow Farfetch Ltd (NYSE:FTCH). 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 $3.50. Given the previous closing price of $1.28, this indicates a potential upside of 173.44 percent. FTCH stock price is now -23.75% away from the 50-day moving average and -66.88% away from the 200-day moving average. The market capitalization of the company currently stands at $510.16M.
Among analysts, 10 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $4.42 as their price target over the next twelve months.
A total of 12.23% of the company’s stock is owned by insiders.
A candlestick chart of Farfetch Ltd (NYSE: FTCH) showed a price of $1.2500 on Monday morning. During the past 12 months, Farfetch Ltd has had a low of $0.92 and a high of $8.02. 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 $1.6918 and a two-hundred day moving average price translates $3.8954 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 $622.07M in revenue.
