Fossil Group Inc (NASDAQ:FOSL) does about 804.25K shares in volume on a normal day but saw 2072016 shares change hands in the recent trading day. The company now has a market cap of 112.24M USD. Its current market price is $2.11, marking a decrease of -10.21% compared to the previous close of $2.35. The 52 week high reached by this stock is $2.61 whilst the lowest price level in 52 weeks is $0.75.
Fossil Group Inc (FOSL) has a 20-day trading average at $1.38 and the current price is -19.16% off the 52-week high compared with 181.33% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.27 and its 200-day simple moving average is $1.16. If we look at the stock’s price movements over the week, volatility stands at 22.31%, which decreases to 13.64% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.26 to suggest the stock is overbought.
The consensus objective for the share price is $3.75, suggesting that the stock has a potential upside of 43.73% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 27, 2020 when Telsey Advisory Group reiterated the stock to “Market Perform” and issued a price target of between $7 and $5. Telsey Advisory Group reiterated its price target at $15-$12.
The current price level is 52.84%, 66.15%, and 82.16% away from its SMA20, SMA50, and SMA200 respectively, with the FOSL price moving below the 50-day SMA on current market day. Fossil Group Inc (FOSL) stock is up 63.57% over the week and 64.84% over the past month. Its price is 44.52% year-to-date and 88.39% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 43.73 percent from here.
Outstanding shares total 53.15M with insiders holding 12.11% of the shares and institutional holders owning 37.31% of the company’s common stock. The company has a return on investment of -26.90% and return on equity of -55.36%. The beta has a value of 2.22. Price to book ratio is 0.68 and price to sales ratio is 0.09.
