Farfetch Limited [NYSE: FTCH] closed the trading session at $39.35 on 10/28/21. The day’s price range saw the stock hit a low of $37.51, while the highest price level was $40.00. The company report on October 28, 2021 that Farfetch to Announce Third Quarter 2021 Results.
Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, announced that the company’s third quarter 2021 financial results will be released after the U.S. market close on Thursday, November 18, 2021.
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Farfetch will host a conference call to discuss its results at 4:30 p.m. ET the same day. The live webcast of the call, along with the company’s earnings press release, can be accessed at the Farfetch Investor Relations website at www.farfetchinvestors.com. Following the call, a replay will be available at the same website.
The stocks have a year to date performance of -38.33 percent and weekly performance of -6.60 percent. The stock has been moved at -19.68 percent over the last six months. The stock has performed 6.64 percent around the most recent 30 days and changed -21.49 percent over the most recent 3-months.
If compared to the average trading volume of 3.87M shares, FTCH reached to a volume of 3181411 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Farfetch Limited [FTCH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTCH shares is $58.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTCH stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Farfetch Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 05, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $45 to $55. The new note on the price target was released on August 27, 2021, representing the official price target for Farfetch Limited stock. Previously, the target price had yet another raise to $65, while Morgan Stanley analysts kept a Overweight rating on FTCH stock.
The Average True Range (ATR) for Farfetch Limited is set at 1.80, with the Price to Sales ratio for FTCH stock in the period of the last 12 months amounting to 7.73.
FTCH stock trade performance evaluation
Farfetch Limited [FTCH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.60. With this latest performance, FTCH shares gained by 6.64% in over the last four-week period, additionally sinking by -19.68% over the last 6 months – not to mention a rise of 39.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTCH stock in for the last two-week period is set at 50.68, with the RSI for the last a single of trading hit 51.88, and the three-weeks RSI is set at 49.09 for Farfetch Limited [FTCH]. The present Moving Average for the last 50 days of trading for this stock 39.72, while it was recorded at 39.54 for the last single week of trading, and 49.12 for the last 200 days.
Farfetch Limited [FTCH]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Farfetch Limited [FTCH] shares currently have an operating margin of -33.20 and a Gross Margin at +33.08. Farfetch Limited’s Net Margin is presently recorded at -200.17.
Return on Total Capital for FTCH is now -182.89, given the latest momentum, and Return on Invested Capital for the company is -2,987.56.
Reflecting on the efficiency of the workforce at the company, Farfetch Limited [FTCH] managed to generate an average of -$615,809 per employee. Receivables Turnover for the company is 8.23 with a Total Asset Turnover recorded at a value of 0.58.Farfetch Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.40.
Earnings per share (EPS) analysis for Farfetch Limited [FTCH] stock
With the latest financial reports released by the company, Farfetch Limited posted -1.58/share EPS, while the average EPS was predicted by analysts to be reported at -0.4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -295.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTCH.
Farfetch Limited [FTCH]: Insider Ownership positions
There are presently around $11,741 million, or 96.50% of FTCH stock, in the hands of institutional investors. The top three institutional holders of FTCH stocks are: MORGAN STANLEY with ownership of 33,182,594, which is approximately 8.228% of the company’s market cap and around 5.18% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 32,757,891 shares of the stock with an approximate value of $1.26 billion in FTCH stocks shares; and INVESCO LTD., currently with $754.68 million in FTCH stock with ownership of nearly 6.941% of the company’s market capitalization.
Positions in Farfetch Limited stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 206 institutional holders increased their position in Farfetch Limited [NYSE:FTCH] by around 94,364,477 shares. Additionally, 151 investors decreased positions by around 87,715,135 shares, while 23 investors held positions by with 122,734,810 shares. The mentioned changes placed institutional holdings at 304,814,422 shares, according to the latest SEC report filing. FTCH stock had 71 new institutional investments in for a total of 30,892,575 shares, while 63 institutional investors sold positions of 31,902,819 shares during the same period.