Fossil Group Inc (NASDAQ: FOSL) is -38.36% lower on its value in year-to-date trading and has touched a low of $0.78 and a high of $3.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FOSL stock was last observed hovering at around $0.88 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.90, the stock is -5.44% and -16.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 2.02% at the moment leaves the stock -47.81% off its SMA200. FOSL registered -70.87% loss for a year compared to 6-month loss of -55.00%. The firm has a 50-day simple moving average (SMA 50) of $0.23 and a 200-day simple moving average (SMA200) of -$2.77.
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The stock witnessed a -16.67% gain in the last 1 month and extending the period to 3 months gives it a -41.18%, and is 5.34% 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 11.96% over the week and 9.55% over the month.
Fossil Group Inc (FOSL) has around 6100 employees, a market worth around $47.24M and $1.41B in sales. Profit margin for the company is -11.12%. Distance from 52-week low is 15.34% and -75.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.23%).
Fossil Group Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $435.5M over the same period., but quarterly earnings will post -27.30% year-over-year. Quarterly sales are estimated to shrink -19.30% in year-over-year returns.
Fossil Group Inc (FOSL) Top Institutional Holders
120 institutions hold shares in Fossil Group Inc (FOSL), with institutional investors hold 70.81% of the company’s shares. The shares outstanding are 52.49M, and float is at 46.95M with Short Float at 10.05%. Institutions hold 63.24% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.66 million shares valued at $3.29 million. The investor’s holdings represent 6.97% of the FOSL Shares outstanding. As of Dec 30, 2023, the second largest holder is Charles Schwab Investment Management, Inc. with 2.69 million shares valued at $2.42 million to account for 5.12% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 2.66 million shares representing 5.06% and valued at over $2.39 million, while Renaissance Technologies, LLC holds 3.52% of the shares totaling 1.85 million with a market value of $1.66 million.
