Investors are poised to add Fossil Group Inc (FOSL) Stock to their long term portfolios

At the time of writing, Fossil Group Inc [FOSL] stock is trading at $0.93, up 8.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The FOSL shares have gain 8.44% over the last week, with a monthly amount drifted -10.58%, and not seem to be holding up well over a long-time horizon.

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On 13, March 2024, Fossil Group, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results. In a post published today on Yahoo Finance, Worldwide Net Revenue and Adjusted Operating Margin in Line with GuidanceAnnounces Strategic Review to Maximize Shareholder ValueCompany Provides Full Year 2024 Outlook.

From an analyst’s perspective:

Fossil Group Inc [NASDAQ: FOSL] stock has seen the most recent analyst activity on February 27, 2020, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $5 from $7. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on November 07, 2019. On August 05, 2019, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $12 on the stock. Telsey Advisory Group reiterated its Market Perform rating and decreased its price target to $15 on February 14, 2019. Telsey Advisory Group reiterated its recommendation of a Market Perform and reduced its price target to $17 on February 08, 2019. Telsey Advisory Group reiterated a Market Perform rating for this stock on August 03, 2018, and upped its price target to $27. In a note dated February 14, 2018, Telsey Advisory Group reiterated an Market Perform rating on this stock and boosted its target price from $7 to $15.

For the past year, the stock price of Fossil Group Inc fluctuated between $0.78 and $3.65. Fossil Group Inc [NASDAQ: FOSL] shares were valued at $0.93 at the most recent close of the market.

Analyzing the FOSL fundamentals

According to Fossil Group Inc [NASDAQ:FOSL], the company’s sales were 1.41B for trailing twelve months, which represents an -15.59% plunge. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.51 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.99.

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 0.8743 points at the first support level, and at 0.8185 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9604, and for the 2nd resistance point, it is at 0.9907.

Fossil Group Inc [FOSL] reported earnings per share of -$0.23 for its fiscal quarter that ended on 6/29/2020. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.71/share, meaning a difference of $1.48 and a surprise factor of 86.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2020 were -$1.46 per share as compared to estimates of -$1.51 per share, a difference of $0.05 representing a surprise of 3.30%.

Ratios To Look Out For

It is important to note that Fossil Group Inc [NASDAQ:FOSL] has a current ratio of 2.08. On the other hand, the Quick Ratio is 1.34, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 0.03, the price to book ratio is 0.19.

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