Published on 18 Dec 2023 on Simply Wall St. via Yahoo Finance
It's Down 61% But Farfetch Limited (NYSE:FTCH) Could Be Riskier Than It Looks
Farfetch Limited (NYSE:FTCH) shareholders that were waiting for something to happen have been dealt a blow with a 61% share price drop in the last month. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 83% loss during that time.
Although its price has dipped substantially, you could still be forgiven for feeling indifferent about Farfetch's P/S ratio of 0.1x, since the median price-to-sales (or "P/S") ratio for the Specialty Retail industry in the United States is also close to 0.4x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
See our latest analysis for Farfetch