Fossil Group Inc (NASDAQ: FOSL)’s stock price has gone decline by -8.46 in comparison to its previous close of 1.30, however, the company has experienced a -1.65% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-09 that Fossil Group, Inc. (NASDAQ:FOSL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Christine Greany – The Blueshirt Group Franco Fogliato – Director & CEO Andrew Skobe – Interim CFO Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group Third Quarter 2024 Earnings Call. At this time, all parties are in listen-only mode.
Is It Worth Investing in Fossil Group Inc (NASDAQ: FOSL) Right Now?
The 36-month beta value for FOSL is at 2.24. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 as “hold,” and 2 as “sell.”
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The public float for FOSL is 46.81M, and currently, shorts hold a 3.01% of that float. The average trading volume for FOSL on November 20, 2024 was 312.13K shares.
FOSL’s Market Performance
FOSL’s stock has seen a -1.65% decrease for the week, with a 2.59% rise in the past month and a -7.03% fall in the past quarter. The volatility ratio for the week is 8.28%, and the volatility levels for the past 30 days are at 8.47% for Fossil Group Inc The simple moving average for the last 20 days is -3.90% for FOSL’s stock, with a simple moving average of 4.53% for the last 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 0.46% 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 -31.61% of loss for the given period.
Volatility was left at 8.47%, however, over the last 30 days, the volatility rate increased by 8.28%, as shares surge +3.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.00% upper at present.
During the last 5 trading sessions, FOSL fell by -1.65%, which changed the moving average for the period of 200-days by +10.19% in comparison to the 20-day moving average, which settled at $1.2383. In addition, Fossil Group Inc saw -18.49% 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:
- -0.06 for the present operating margin
- 0.5 for the gross margin
The net margin for Fossil Group Inc stands at -0.1. The total capital return value is set at 0.33. Equity return is now at value -55.36, with -13.15 for asset returns.
Currently, EBITDA for the company is -115.26 million with net debt to EBITDA at -2.52. When we switch over and look at the enterprise to sales, we see a ratio of 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
In conclusion, Fossil Group Inc (FOSL) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
