Farfetch Limited (NYSE: FTCH) is 36.58% higher on its value in year-to-date trading and has touched a low of $3.64 and a high of $23.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FTCH stock was last observed hovering at around $6.29 in the last trading session, with the day’s gains setting it 0.17% off its average median price target of $10.00 for the next 12 months. It is also 67.7% off the consensus price target high of $20.00 offered by 21 analysts, but current levels are -19.63% lower than the price target low of $5.40 for the same period.
Currently trading at $6.46, the stock is 28.93% and 7.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.08 million and changing 2.70% at the moment leaves the stock -23.04% off its SMA200. FTCH registered -71.93% loss for a year compared to 6-month loss of -22.73%.
The stock witnessed a 63.96% gain in the last 1 month and extending the period to 3 months gives it a -13.17%, and is 12.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.73% over the week and 8.24% over the month.
Farfetch Limited (FTCH) has around 6464 employees, a market worth around $2.32B and $2.35B in sales. Current P/E ratio is 5.00. Profit margin for the company is 26.90%. Distance from 52-week low is 77.47% and -72.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-58.50%).
Farfetch Limited (FTCH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Farfetch Limited (FTCH) is a “Overweight”. 21 analysts offering their recommendations for the stock have an average rating of 2.30, where 8 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Farfetch Limited is expected to release its quarterly report on 05/18/2023.The EPS is expected to grow by 132.00% this year.
Farfetch Limited (FTCH) Top Institutional Holders
The shares outstanding are 384.96M, and float is at 327.35M with Short Float at 8.05%.