Fossil Group Inc (NASDAQ: FOSL)’s stock price has plunge by 3.91relation to previous closing price of 0.78. Nevertheless, the company has seen a -9.70% plunge in its stock price over the last five trading sessions. Market Watch reported 2024-03-13 that Shares of fashion conglomerate Fossil Group Inc. jumped 8.5% in after-hours trading Wednesday after Kosta Kartsotis stepped down as chief executive and the company announced a strategic review amid pressure from an activist investor.
Is It Worth Investing in Fossil Group Inc (NASDAQ: FOSL) Right Now?
Company’s 36-month beta value is 2.09.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 2 as “sell.”
The public float for FOSL is 46.94M, and currently, short sellers hold a 10.64% ratio of that floaft. The average trading volume of FOSL on April 19, 2024 was 703.57K shares.
FOSL’s Market Performance
FOSL stock saw a decrease of -9.70% in the past week, with a monthly decline of -19.77% and a quarterly a decrease of -34.65%. The volatility ratio for the week is 10.38%, and the volatility levels for the last 30 days are 9.67% for Fossil Group Inc (FOSL). The simple moving average for the past 20 days is -12.61% for FOSL’s stock, with a -48.96% simple moving average for the past 200 days.
Analysts’ Opinion of FOSL
Many brokerage firms have already submitted their reports for FOSL stocks, with Telsey Advisory Group repeating the rating for FOSL by listing it as a “Market Perform.” The predicted price for FOSL in the upcoming period, according to Telsey Advisory Group is $5 based on the research report published on February 27, 2020 of the previous year 2020.
Telsey Advisory Group gave a rating of “Market Perform” to FOSL, setting the target price at $12 in the report published on August 05th of the previous year.
FOSL Trading at -16.95% from the 50-Day Moving Average
After a stumble in the market that brought FOSL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.80% of loss for the given period.
Volatility was left at 9.67%, however, over the last 30 days, the volatility rate increased by 10.38%, as shares sank -14.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.57% lower at present.
During the last 5 trading sessions, FOSL fell by -8.86%, which changed the moving average for the period of 200-days by -69.26% in comparison to the 20-day moving average, which settled at $0.9204. In addition, Fossil Group Inc saw -44.50% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FOSL
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.48 for the gross margin
The net margin for Fossil Group Inc stands at -0.11. The total capital return value is set at -0.19. Equity return is now at value -47.58, with -14.17 for asset returns.
Based on Fossil Group Inc (FOSL), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24. The debt to equity ratio resting at 0.99. The interest coverage ratio of the stock is -5.48.
Currently, EBITDA for the company is -77.49 million with net debt to EBITDA at -3.13. When we switch over and look at the enterprise to sales, we see a ratio of 0.22. The receivables turnover for the company is 5.76for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.08.
Conclusion
In a nutshell, Fossil Group Inc (FOSL) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
