Farfetch Limited (NYSE:FTCH) has seen 1,803,305 shares traded in the recent trading session. The company, currently valued at $5.77 Billion, closed the recent trade at $17.01 per share which meant it lost -$0.5 on the day or -3.03% during that session. The FTCH stock price is -29.98% off its 52-week high price of $22.11 and 64.79% above the 52-week low of $5.99. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.04 Million shares traded. The 3-month trading volume is 4.71 Million shares.
The consensus among analysts is that Farfetch Limited (FTCH) is an Overweight stock at the moment, with a recommendation rating of 2.4. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 15 have rated it as a Hold, with 10 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.34.
Farfetch Limited (NYSE:FTCH) trade information
Despite being -4.09% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the FTCH stock price touched $18.53- or saw a rise of 8.53%. Year-to-date, Farfetch Limited shares have moved 63.77%, while the 5-day performance has seen it change 4.63%. Over the past 30 days, the shares of Farfetch Limited (NYSE:FTCH) have changed 22.29%. Short interest in the company has seen 37.43 Million shares shorted with days to cover at 7.95.
Wall Street analysts have a consensus price target for the stock at $17.29, which means that the shares’ value could jump 1.65% from current levels. The projected low price target is $9.6 while the price target rests at a high of $23. In that case, then, we find that the current price level is +35.21% off the targeted high while a plunge would see the stock lose -43.56% from current levels.
Farfetch Limited (FTCH) estimates and forecasts
Figures show that Farfetch Limited shares have outperformed across the wider relevant industry. The company’s shares have gained +71.91% over the past 6 months, with this year growth rate of 2.48%, compared to -27.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -17.2% and -25% for the next quarter. Revenue growth from the last financial year stood is estimated to be +34.2%.
10 analysts offering their estimates for the company have set an average revenue estimate of $313.04 Million for the current quarter. 10 have an estimated revenue figure of $303.64 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $199.07 Million and $255.48 Million respectively for this quarter and the next, and analysts expect sales will grow by 57.3% for the current quarter and 18.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -132.9% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Farfetch Limited (NYSE:FTCH)’s Major holders
Insiders own 18.6% of the company shares, while shares held by institutions stand at 90.11% with a share float percentage of 110.71%. Investors are also buoyed by the number of investors in a company, with Farfetch Limited having a total of 180 institutions that hold shares in the company. The top two institutional holders are Morgan Stanley with over 40.92 Million shares worth more than $323.27 Million. As of March 30, 2020, Morgan Stanley held 13.78% of shares outstanding.
The other major institutional holder is Index Venture Associates V Ltd, with the holding of over 28.36 Million shares as of March 30, 2020. The firm’s total holdings are worth over $224.04 Million and represent 9.55% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Morgan Stanley Inst Fd Inc-Growth Port and Trust for Advised Port-Miller Opportunity Trust. As of March 30, 2020, the former fund manager holds about 2.11% shares in the company for having 6266121 shares of worth $49.5 Million while later fund manager owns 5.7 Million shares of worth $45.03 Million as of March 30, 2020, which makes it owner of about 1.92% of company’s outstanding stock.