With over 6.06 million Farfetch Ltd (FTCH) shares trading Friday and a closing price of $1.73 on the day, the dollar volume was approximately $10.49 million. The shares have shown a negative half year performance of -63.81% and its price on 11/24/23 gained nearly 0.58%. Currently, there are 351.97M common shares owned by the public and among those 347.10M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for FTCH have a consensus price objective of $4.71. The analysts have set the share’s price value over the next 12 months at a high of $13.00 and a low of $1.50. The average price target is 63.27% above its recent price level and a downside to the estimated low will see the stock lose -15.33% over that period. But an upside of 86.69% will see the stock hit the forecast high price target while median target price for the stock is $3.75.
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The company’s stock has a 5-day price change of 0.00% and -40.96% over the past three months. FTCH shares are trading -63.42% year to date (YTD), with the 12-month market performance down to -76.30% lower. It has a 12-month low price of $1.31 and touched a high of $8.90 over the same period. FTCH has an average intraday trading volume of 12.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.45%, -2.58%, and -57.02% respectively.
Institutional ownership of Farfetch Ltd (NYSE: FTCH) shares accounts for 55.04% of the company’s 351.97M shares outstanding.
It has a market capitalization of $684.16M and a beta (3y monthly) value of 3.04. The earnings-per-share (ttm) stands at -$2.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.78% over the week and 9.32% over the month.
Analysts forecast that Farfetch Ltd (FTCH) will achieve an EPS of -$0.37 for the current quarter, -$0.35 for the next quarter and -$1.28 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.54 while analysts give the company a high EPS estimate of -$0.1. Comparatively, EPS for the current quarter was -$0.71 a year ago. Earnings per share for the fiscal year are expected to increase by 10.11%, and 8.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Farfetch Ltd (FTCH) as a “Moderate Buy” at a consensus score of 2.58. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 11 of the 19 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the FTCH, a number of firms have released research notes about the stock. Societe Generale stated their Sell rating for the stock in a research note on October 25, 2023, with the firm’s price target at $1.50.
