Why Fossil Group, Inc. (NASDAQ:FOSL) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $28.33 on Fossil Group, Inc. (NASDAQ:FOSL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.06 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Fossil Group, Inc. (NASDAQ:FOSL) stands at 8.25.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Fossil Group, Inc., the PEG ratio for coming 3-5 years is -6.36.

Technical Analysis

The technical analysis highlights that Fossil Group, Inc. current is trading $2.51 points away or +8.46% from its 50-day moving average of $29.67. Further it is trading $-3.55 or -9.95% away its 200-day moving average of $35.73.

The 52-week high of Fossil Group, Inc. (NASDAQ:FOSL) was $62.72 while lowest point recorded in 52-week was $26.03. It implies if stock price makes a movement of over $-30.54, it will record a new 52-week high. In the case of +23.63% drop, it will touch a new 52-week low.

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