Farfetch Limited (NYSE:FTCH) has a beta value of 0 and has seen 4,460,017 shares traded in the last trading session. The company, currently valued at $8.9 Billion, closed the last trade at $26.17 per share which meant it gained $0.79 on the day or 3.11% during that session. The FTCH stock price is -21.82% off its 52-week high price of $31.88 and 77.11% 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 4.76 Million shares traded. The 3-month trading volume is 4.89 Million shares.
The consensus among analysts is that Farfetch Limited (FTCH) is an Overweight stock at the moment, with a recommendation rating of 2.1. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 16 have rated it as a Hold, with 12 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.4.
Farfetch Limited (NYSE:FTCH) trade information
Sporting 3.11% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Sep 09 when the FTCH stock price touched $27.22- or saw a rise of 3.86%. Year-to-date, Farfetch Limited shares have moved 152.85%, while the 5-day performance has seen it change 0.46%. Over the past 30 days, the shares of Farfetch Limited (NYSE:FTCH) have changed -8.37%. Short interest in the company has seen 35.53 Million shares shorted with days to cover at 7.27.
Wall Street analysts have a consensus price target for the stock at $30.17, which means that the shares’ value could jump 15.28% from current levels. The projected low price target is $13 while the price target rests at a high of $40. In that case, then, we find that the current price level is +52.85% off the targeted high while a plunge would see the stock lose -50.32% 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 +248.01% over the past 6 months, with this year growth rate of 91.74%, compared to -33.3% 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 -42.9% and 2.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be +50.1%.
10 analysts offering their estimates for the company have set an average revenue estimate of $366.44 Million for the current quarter. 10 have an estimated revenue figure of $482.94 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $255.48 Million and $382.23 Million respectively for this quarter and the next, and analysts expect sales will grow by 43.4% for the current quarter and 26.3% for the next.
Earnings growth for 2020 is a modest -132.9%.
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 43.07 Million shares worth more than $743.86 Million. As of June 29, 2020, Morgan Stanley held 14.5% of shares outstanding.
The other major institutional holder is Index Venture Associates V Ltd, with the holding of over 22.69 Million shares as of June 29, 2020. The firm’s total holdings are worth over $391.82 Million and represent 7.64% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Morgan Stanley Inst Fd Inc-Growth Port and Invesco American Franchise Fd. As of June 29, 2020, the former fund manager holds about 2.12% shares in the company for having 6302533 shares of worth $108.84 Million while later fund manager owns 6.14 Million shares of worth $85.05 Million as of May 30, 2020, which makes it owner of about 2.07% of company’s outstanding stock.