Fossil Group Inc (NASDAQ: FOSL) is 2.05% higher on its value in year-to-date trading and has touched a low of $0.75 and a high of $1.74 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 FOSL stock was last observed hovering at around $1.42 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $1.49, the stock is 16.61% and 22.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 4.93% at the moment leaves the stock 30.16% off its SMA200. FOSL registered 35.45% gain for a year compared to 6-month loss of 22.13%. The firm has a 50-day simple moving average (SMA 50) of $1.214 and a 200-day simple moving average (SMA200) of $1.1449.
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The stock witnessed a 27.35% gain in the last 1 month and extending the period to 3 months gives it a 33.04%, and is 24.17% 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 14.56% over the week and 10.99% over the month.
Fossil Group Inc (FOSL) has around 6100 employees, a market worth around $83.17M and $1.22B in sales. Profit margin for the company is -10.07%. Distance from 52-week low is 98.67% and -14.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.90%).
80.0 institutions hold shares in Fossil Group Inc (FOSL), with institutional investors hold 42.23% of the company’s shares. The shares outstanding are 52.49M, and float is at 46.81M with Short Float at 2.85%. Institutions hold 37.31% of the Float.
The top institutional shareholder in the company is AMERIPRISE FINANCIAL INC with over 2.27 million shares valued at $3.27 million. The investor’s holdings represent 4.3206 of the FOSL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.22 million shares valued at $3.19 million to account for 4.2215 of the shares outstanding. The other top investors are NANTAHALA CAPITAL MANAGEMENT, LLC which holds 1.91 million shares representing 3.6297 and valued at over $2.7 million, while RENAISSANCE TECHNOLOGIES LLC holds 2.8302 of the shares totaling 1.49 million with a market value of $2.14 million.
