|Bid||39.70 x 1300|
|Ask||40.15 x 800|
|Day's range||39.53 - 42.02|
|52-week range||27.08 - 73.87|
|Beta (5Y monthly)||3.24|
|PE ratio (TTM)||N/A|
|Earnings date||08 Nov 2021 - 12 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||58.38|
Luxury e-commerce stock Farfetch Limited (NYSE: FTCH) dropped 10% in September, according to data from S&P Global Market Intelligence. Add to that Farfetch's 2020 run-up, and it's a recipe for a price correction. Gross margin grew 0.3% to 44%, but losses also widened, from $87 million in 2020 to $436 million in 2021.For the full year, Farfetch expects GMV to increase 35% to 40% year over year.
In this video, I'm going to talk about Farfetch (NYSE: FTCH), the $15 billion luxury goods company. According to Verified Market Research, the global personal luxury goods market will grow at a 5.20% compound annual growth rate from 2020 to 2028, by which time it will be worth $120 billion. Farfetch directly gains from a popular secondary market because it will create FOMO (fear of missing out) and make people buy the shoes as fast as they can.
LONDON, September 14, 2021--Farfetch Publishes 2020 Environmental, Social and Governance Report