Fossil Group Inc (NASDAQ:FOSL) plunged -1.18% during previous trade, a total of 2.68M shares exchanged hands compared with its average trading volume of 2.28M shares whereas its relative volume is 66. The stock has a market capitalization of $901.39M along with 48.13M outstanding shares. Stock’s intraday price range hit the peak level of $19.48 and touched the lowest level of $18.84.
Most recently Fossil Group Inc (NASDAQ:FOSL)’s price target was revised on 02/15/17 and according to 11 analysts stock’s price will reach at $19.45 during 52 weeks with standard deviation of 7.33. Stock’s minimum price target estimates has been figured out at $15 while the maximum price target forecast is established at $38, if we look at the price target with an optimistic approach it has upside potential of 98% from its latest closing price of $19.19.
Historically, if we look at price target revisions, one week ago Fossil Group Inc (NASDAQ:FOSL)’s price target was revised on 2/15/17 by the analysts, however the bullish price estimates of the stock set at $38 while the bearish estimates kept at $16 over the next one year. Stock’s 52-week target was retained at $23.80, the estimates indicates a standard deviation of 7.18.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 3.54. ABR value is precisely based on brokerage recommendations, where out of 13 brokerage recommendations 1 rate Fossil Group Inc (NASDAQ:FOSL) stock a Strong Buy, 0 rate the stocks of the company a Buy, 7 rate Hold, 1 rate Sell and 4 recommend a Strong Sell. Most recently on 2/15/17 the stock of Fossil Group Inc (NASDAQ:FOSL) downgraded by Wells Fargo from Market Perform to Underperform. However previously on 2/10/17 it was downgraded by Mizuho from Neutral to Underperform. A research note issued on 11/21/16 the stock was upgraded by Piper Jaffray from Underweight to Neutral.
Fossil Group Inc (NASDAQ:FOSL) performance over the past one year plunged -58.65% whereas its year to date (YTD) performance indicated a bearish trend of -25.79%. During the last six months the stock slipped -36.22%. Quarterly performance of the company shows declining momentum of -47.11% while its last one month trend is negative with -27.56%. Stock’s weekly performance expressed down trend of -5.19%.
The company’s price sits -24.11% below from its 50-day moving average of $23.90 and -32.75% below from the stock’s 200-day moving average which is $28.29. Fossil Group Inc (NASDAQ:FOSL)’s shares are currently trading -63.05% away from the 52-week high price of $51.93 and +6.02% far from the 52-week low price of $18.10.
According to consensus agreement of 11 analysts Fossil Group Inc (NASDAQ:FOSL) will report earnings per share of $-0.34 in their quarterly report and it is expected to announce the company’s results on 5/9/17. For the current quarter the company has high EPS estimates of $-0.15 in contradiction of low EPS estimates of $-0.6. However a year ago for the same quarter the company has reported $0.12 EPS. Current year EPS projections for Fossil Group Inc (NASDAQ:FOSL) set at $0.94 according to the sentiments of 11 analysts, while its lowest earnings estimates are $0.73 and highest earnings estimates are $1.15.
According to 13 analysts, Fossil Group Inc (NASDAQ:FOSL)’s revenue estimates for the current quarter are $590.97M meanwhile the company has high revenue estimates of $608M in contradiction of low revenue estimates of $571M. For the current year the company’s revenue estimates are $2.92B compared to low analyst estimates of $2.84B and high estimates of $3.04B according to the projection of 13 analysts.