Farfetch Limited [FTCH] stock is trading at $4.77, saw in change for the day. Until recently, the best way to gauge how the stock has performed was to look at its short-term value.
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On 8, March 2023, Farfetch Announces Filing of Annual Report on Form 20-F. In a post published today on Yahoo Finance, Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today announced that its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 has been filed with the Securities and Exchange Commission.
From an analyst’s perspective:
Farfetch Limited [NYSE: FTCH] stock has seen the most recent analyst activity on September 26, 2022, when Citigroup initiated its Sell rating and assigned the stock a price target of $6. Previously, Cowen downgraded its rating to Market Perform on August 02, 2022, and dropped its price target to $9. On July 22, 2022, Piper Sandler initiated with a Neutral rating and assigned a price target of $9 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $11 on July 21, 2022. UBS downgraded its rating to a Neutral and reduced its price target to $10 on June 28, 2022. Societe Generale upgraded its rating to Buy for this stock on March 25, 2022, but kept the price target unchanged to $22. In a note dated March 18, 2022, Jefferies initiated an Buy rating and iterated a target price of $25 on this stock.
Farfetch Limited [FTCH] stock has fluctuated between $3.64 and $17.73 over the past year. Currently, Wall Street analysts expect the stock to reach $9.73 within the next 12 months. Farfetch Limited [NYSE: FTCH] shares were valued at $4.77 at the most recent close of the market. An investor can expect a potential return of 103.98% based on the average FTCH price forecast.
Analyzing the FTCH fundamentals
Farfetch Limited [NYSE:FTCH] reported sales of 629.17 billion for the most recent quarter, which represents a drop of -5.50%. Gross Margin for this corporation currently stands at +29.80% with Operating Margin at -29.19%, Pretax Margin comes in at +14.73%, and Net Margin reading is +15.51%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.63 points at the first support level, and at 4.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.86, and for the 2nd resistance point, it is at 4.94.
Farfetch Limited [FTCH] reported earnings per share of -$0.71 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.28/share, meaning a difference of -$0.43 and a surprise factor of -153.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.18 per share as compared to estimates of -$0.32 per share, a difference of $0.5 representing a surprise of 156.20%.
Ratios To Look Out For
For context, Farfetch Limited’s Current Ratio is 1.80. As well, the Quick Ratio is 1.41, while the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 0.95 and the P/E (TTM) ratio is 8.14.