Shares of Farfetch Limited Class A (NYSE:FTCH) traded at a new 52-week high today of $66.72. Approximately 1.3 million shares have changed hands today, as compared to an average 30-day volume of 4.4 million shares.
Farfetch is an online platform connecting sellers and buyers of personal luxury goods. It was founded in 2008. The company partners with over 1,000 luxury goods sellers to offer their inventory on the platform. When making the retailers’ stock available to almost a million active customers, the company charges a cut of around 30% (third-party take rate). Geographically, Europe, the Middle East, and Africa account for 37% of the company’s sales, the Asia-Pacific 36%, and the Americas 27%. The company operates digital marketplace platform Farfetch, Browns stores and acquired branded company New Guard Group.
Farfetch Limited Class A (NYSE:FTCH) is currently priced 67.9% above its average consensus analyst price target of $20.98.
Farfetch Limited Class A share prices have moved between a 52-week high of $66.72 and a 52-week low of $5.99 and are now trading 992% above that low price at $65.39 per share.
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