Farfetch Limited [FTCH] Revenue clocked in at $2.29 billion, down -77.77% YTD: What’s Next?


Farfetch Limited [NYSE: FTCH] price plunged by -8.04 percent to reach at -$0.65. The company report on June 30, 2022 that Farfetch Publishes 2021 Environmental, Social and Governance Report.

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Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, announced today that it published its 2021 Environmental, Social and Governance (‘ESG’) report. The report highlights Farfetch’s ESG initiatives and the Company’s progress towards its 2030 sustainability goals.

The report can be accessed on the “ESG” tab of the Company’s investor relations website at http://farfetchinvestors.com where interested parties can also find a list of additional sources for further information on Farfetch’s business and policies.

A sum of 7349996 shares traded at recent session while its average daily volume was at 12.08M shares. Farfetch Limited shares reached a high of $7.825 and dropped to a low of $7.29 until finishing in the latest session at $7.43.

The one-year FTCH stock forecast points to a potential upside of 57.78. The average equity rating for FTCH stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $17.60 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 2.00. 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.

Piper Sandler have made an estimate for Farfetch Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 22, 2022. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on July 21, 2022, representing the official price target for Farfetch Limited stock. Previously, the target price had yet another drop from $13 to $10, while UBS kept a Neutral rating on FTCH stock.

The Average True Range (ATR) for Farfetch Limited is set at 0.71, with the Price to Sales ratio for FTCH stock in the period of the last 12 months amounting to 1.31. The Price to Book ratio for the last quarter was 3.26, with the Price to Cash per share for the same quarter was set at 2.58.

FTCH Stock Performance Analysis:

Farfetch Limited [FTCH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.25. With this latest performance, FTCH shares dropped by -21.21% in over the last four-week period, additionally sinking by -66.01% over the last 6 months – not to mention a drop of -84.53% 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 46.51, with the RSI for the last a single of trading hit 45.86, and the three-weeks RSI is set at 46.03 for Farfetch Limited [FTCH]. The present Moving Average for the last 50 days of trading for this stock 8.07, while it was recorded at 8.21 for the last single week of trading, and 20.66 for the last 200 days.

Insight into Farfetch Limited Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Farfetch Limited [FTCH] shares currently have an operating margin of -23.23 and a Gross Margin at +33.91. Farfetch Limited’s Net Margin is presently recorded at +64.99.

Farfetch Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.10.

Farfetch Limited [FTCH] Insider Position Details

There are presently around $2,440 million, or 97.10% of FTCH stock, in the hands of institutional investors. The top three institutional holders of FTCH stocks are: MORGAN STANLEY with ownership of 38,601,897, which is approximately 12.523% of the company’s market cap and around 4.69% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 30,590,531 shares of the stock with an approximate value of $247.17 million in FTCH stocks shares; and LONE PINE CAPITAL LLC, currently with $138.99 million in FTCH stock with ownership of nearly -29.618% of the company’s market capitalization.

Positions in Farfetch Limited stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 163 institutional holders increased their position in Farfetch Limited [NYSE:FTCH] by around 64,172,011 shares. Additionally, 154 investors decreased positions by around 92,531,571 shares, while 37 investors held positions by with 145,253,102 shares. The mentioned changes placed institutional holdings at 301,956,684 shares, according to the latest SEC report filing. FTCH stock had 61 new institutional investments in for a total of 24,934,554 shares, while 76 institutional investors sold positions of 21,909,144 shares during the same period.