Why Fossil Group Inc (NASDAQ: FOSL) Stock Shouldn’t Be Sold In 2024

In the last trading session, 29.42 million Fossil Group Inc (NASDAQ:FOSL) shares changed hands as the company’s beta touched 2.26. With the company’s per share price at $2.35 changed hands at $0.89 or 60.96% during last session, the market valuation stood at $122.48M. FOSL’s last price was a premium, traded about 25.96% off its 52-week high of $1.74. The share price had its 52-week low at $0.75, which suggests the last value was 68.09% up since then. When we look at Fossil Group Inc’s average trading volume, we note the 10-day average is 0.45 million shares, with the 3-month average coming to 346.37K.

Fossil Group Inc (NASDAQ:FOSL) trade information

Instantly FOSL was in green as seen at the end of in last trading. With action 100.85%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 60.96%, with the 5-day performance at 100.85% in the green. However, in the 30-day time frame, Fossil Group Inc (NASDAQ:FOSL) is 85.04% up. Looking at the short shares, we see there were 1.34 million shares sold at short interest cover period of 3.61 days.

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Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -111.68%.

FOSL Dividends

Fossil Group Inc is expected to release its next quarterly earnings report in January.

Fossil Group Inc (NASDAQ:FOSL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 11.64% of Fossil Group Inc shares while 37.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 42.23%. There are 37.31% institutions holding the Fossil Group Inc stock share, with AMERIPRISE FINANCIAL INC the top institutional holder. As of 2024-06-30, the company held 4.3206% of the shares, roughly 2.27 million FOSL shares worth $3.27 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.2215% or 2.22 million shares worth $3.19 million as of 2024-06-30.