Fossil Group Inc. (NASDAQ:FOSL) currently has a daily average trading volume of 643.86K but it saw 1002408 shares traded on Wednesday. With a market cap of 120.41M USD, stock’s current market price of $2.19 came falling about -4.78 while comparing to the previous closing price of $2.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.55 and as low as $1.89. In the recent trading on the day, stock has struck highest price mark of $2.34 while lowest mark touched by it was $2.17.
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Taking a look at 20-day trading activity of Fossil Group Inc. (FOSL) gives us an average price of $2.74, while its current price level is -70.99% below from 52-week high level whereas it is 15.87% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.05 while that of 200 days or SMA-200 reads an average of $4.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.87% during that period while stretching the period over a month that decreases to 8.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.59 which implies that the stock is in neutral territory.
Fossil Group Inc. (FOSL)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $2.50 and $2.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $2.50. Average price target assigned by them is $2.50 which highlights an upside potential of 12.4% for the stock over that period. And to attain the median price target of $2.50 assigned by those analysts, stock has to add about 12.4% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Underweight for the stock and that issued by Wall Street to investors is Hold.
Over the week, FOSL’s stock price is moving 6.83% up while it is -35.78% when we observe its performance for the past one month. Year-to-date it is -49.19% down and over the past year, the stock is showing a downside performance of -67.46%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of -$0.23 beat the consensus estimate of -$1.71 for the same. In next quarter, company is expected to be making quarterly sales of $528.1 million as analysts are expecting the sales for current fiscal year at $1.61 billion and seeing the company making $1.59 billion in sales next year. Moreover, analysts are in estimates of $435.5 million for current-quarter revenue.
Currently, Fossil Group Inc.’s total number of outstanding shares is 51.84M with 9.69% of that held by the insiders while 71.70% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -3.80% and return on equity (ROE) at -16.30%. Stock’s beta reads 2.04. Stock has a price to book (P/B) ratio of 0.31 while price to sale or P/S ratio amounts to 0.07. Its return on asset (ROA) is -5.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Contrarius ICAV – Global Equity F came shrinking its share ownership by 0.63% in the Fossil Group Inc. (FOSL) increasing its stake to 7.77% with control over 25144.0 shares in the company. As per SEC documents, Contrarius ICAV – Global Equity F shunned 4,025,490 of company’s common stock of worth $13.53 million as per recent closing price of the stock. Contrarius ICAV – Global Equity F is not the only institutional holder which restructured its stake in Fossil Group Inc., as Fidelity Low Priced Stock Fund dumped 2,662,129 shares of worth $8.94 million to bring its holdings to a total of -0.89 million shares. In the most recent quarter, Classic Global Equity Fund came rising its stake by 29.38% in the company and now holds 2.29 million or 4.41% of the company’s stake having worth of about 7.68 million.
