Home  »  Technologies   »  Farfetch Limited (NYSE: FTCH) Is Worth A Look At C...

Farfetch Limited (NYSE: FTCH) Is Worth A Look At Current Prices?

During the last session, Farfetch Limited (NYSE:FTCH)’s traded shares were 11.45 million, with the beta value of the company hitting 2.94. At the end of the trading day, the stock’s price was $4.78, reflecting an intraday loss of -4.40% or -$0.22. The 52-week high for the FTCH share is $12.89, that puts it down -169.67 from that peak though still a striking 23.85% gain since the share price plummeted to a 52-week low of $3.64. The company’s market capitalization is $1.47B, and the average intraday trading volume over the past 10 days was 24.43 million shares, and the average trade volume was 12.86 million shares over the past three months.

Farfetch Limited (FTCH) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.50. FTCH has a Sell rating from 2 analyst(s) out of 21 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.42.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.

Sponsored

Farfetch Limited (NYSE:FTCH) trade information

Farfetch Limited (FTCH) registered a -4.40% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -4.40% in intraday trading to $4.78 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 10.14%, and it has moved by 17.16% in 30 days. Based on these gigs, the overall price performance for the year is -29.81%. The short interest in Farfetch Limited (NYSE:FTCH) is 26.27 million shares and it means that shorts have 2.45 day(s) to cover.

The consensus price target of analysts on Wall Street is $9.32, which implies an increase of 48.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.30 and $20.00 respectively. As a result, FTCH is trading at a discount of -318.41% off the target high and 10.04% off the low.

Farfetch Limited (FTCH) estimates and forecasts

Statistics show that Farfetch Limited has outperformed its competitors in share price, compared to the industry in which it operates. Farfetch Limited (FTCH) shares have gone down -34.52% during the last six months, with a year-to-date growth rate more than the industry average at 17.39% against 0.50. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -333.30% this quarter and then jump 50.70% in the quarter after that. In the rating firms’ projections, revenue will increase 18.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $644.96 million as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to $726.59 million by the end of Sep 2023.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 32.00%. While earnings are projected to return -75.10% in 2023.

FTCH Dividends

Farfetch Limited is due to release its next quarterly earnings on May 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Farfetch Limited (NYSE:FTCH)’s Major holders

Farfetch Limited insiders own 2.09% of total outstanding shares while institutional holders control 74.86%, with the float percentage being 76.45%. Baillie Gifford and Company is the largest shareholder of the company, while 349 institutions own stock in it. As of Mar 30, 2023, the company held over 44.7 million shares (or 12.68% of all shares), a total value of $219.46 million in shares.

The next largest institutional holding, with 25.71 million shares, is of Dragoneer Investment Group, LLC’s that is approximately 7.29% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $126.24 million.

Also, the Mutual Funds coming in first place with the largest holdings of Farfetch Limited (FTCH) shares are Trust for Advised Port-Opportunity Trust and Vanguard Explorer Fund, Inc. Data provided on Mar 30, 2023 indicates that Trust for Advised Port-Opportunity Trust owns about 5.5 million shares. This amounts to just over 1.56 percent of the company’s overall shares, with a $27.0 million market value. The same data shows that the other fund manager holds slightly less at 5.35 million, or about 1.52% of the stock, which is worth about $36.5 million.

On Key

Related Posts