UPDATE: Farfetch Stock Continues to Slide Lower
Farfetch (FTCH) is a great website for selling high-end clothing items. But the company looses money, and the stock is in decline.
Farfetch (FTCH) is a great website for selling high-end clothing items. But the company looses money, and the stock is in decline.
Farfetch (FTCH), an online luxury retailer, has great revenue growth. But the stock is declining. Is this FTCH a deal?
Last qtr, Farfech (FTCH) sold 6% more high-end clothing on its company websites, and 50% more goods over all outlets.
During the past week, shares of Farfetch have fallen from $61 to $41 and back to $51 as a hedge fund blew up.
Last qtr, gross merchandise value of goods sold increased 62% on Farfetch (FTCH), much better than 48% growth two qtrs ago.
Farfetch — the #1 Global Online Luxury Fashion Platform — might be gearing up to make a run this Holiday Season.