Fossil Group, Inc. (NASDAQ:FOSL) is one of the worst performers on the stock market today. At current price of $6.41, the shares have already lost -0.17 points (-2.58% lower) from its previous close of $6.58. Should you buy or avoid them? The stock sets an active trading volume day with a reported 305626 contracts so far this session. FOSL shares had a relatively better volume day versus average trading capacity of 1.24 million shares, but with a 46.15 million float and a -3.09% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for FOSL stock indicates that the average analyst price target is $7.5 per share. This means the stock has a potential increase of 17% from where the FOSL share price has been trading recently.
During the recent trading session for Fossil Group, Inc. (NASDAQ:FOSL), the company witnessed their stock drop by $-0.16 over a week and tumble down $-1.6 from the price 20 days ago. When compared to their established 52-week high of $16.52, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/26/19. The recent low of $5.91 stood for a -61.2% since 07/02/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.34 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Fossil Group, Inc., the two-week RSI stands at 35.47. This figure suggests that FOSL stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current FOSL readings is similarly very revealing as it has a stochastic reading of 30.12% at this stage. This figure means that FOSL share price today is being neutral.
Technical chart claims that Fossil Group, Inc. (FOSL) would settle between $6.75/share to $6.93/share level. However, if the stock price goes below the $6.37 mark, then the market for Fossil Group, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $6.17 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.08. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at KeyBanc Capital Markets lowered their recommendation on shares of FOSL from Overweight to Sector Weight in their opinion released on November 07. Telsey Advisory Group analysts again handed out a Market Perform recommendation to Fossil Group, Inc. (NASDAQ:FOSL) stock but they lifted target price for the shares in a flash note issued to investors on August 05. The target price has been raised from $15 to $12. Analysts at Telsey Advisory Group are sticking to their Market Perform stance. However, on February 14, they lifted price target for these shares to $15 from $17.
FOSL equity has an average rating of 3.33, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 0 analysts rated Fossil Group, Inc. (NASDAQ:FOSL) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, FOSL stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 109.7 while for the average stock in the same group, the multiple is 27.2. Fossil Group, Inc. current P/B ratio of 0.7 means it is trading at a discount against its industry’s 2.8.
Fossil Group, Inc. (FOSL)’s current-quarter revenues are projected to climb by nearly -7.9% to hit $724650, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -12.2% from $2.54 billion to a noteworthy $2.23 billion. At the other end of the current quarter income statement, Fossil Group, Inc. is expected to see its adjusted earnings surge by roughly -21.8% to hit $0.79 per share. For the fiscal year, FOSL’s earnings are projected to climb by roughly -56.4% to hit $0.34 per share.