Stitch Fix Inc (NASDAQ:SFIX) does about 1.59M shares in volume on a normal day but saw 2094019 shares change hands in Monday trading. The company now has a market cap of 287.21M USD. Its current market price is $2.39, marking a decrease of -2.85% compared to the previous close of $2.46. The 52 week high reached by this stock is $5.46 whilst the lowest price level in 52 weeks is $2.15.
Stitch Fix Inc (SFIX) has a 20-day trading average at $2.61 and the current price is -56.23% off the 52-week high compared with 10.90% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.07 and its 200-day simple moving average is $3.59. If we look at the stock’s price movements over the week, volatility stands at 7.96%, which decreases to 7.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 37.62 to suggest the stock is neutral.
The consensus objective for the share price is $3.31, suggesting that the stock has a potential upside of 27.79% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 19, 2024 when Mizuho initiated the stock to “Underperform” and issued a price target of $2. Wells Fargo upgraded the stock to “Equal Weight” from Underweight on January 06, 2023 at a price target of $4.
Stitch Fix Inc (SFIX) stock is up 5.29% over the week and -26.23% over the past month. Its price is -33.05% year-to-date and -53.23% over the past year.
The stock last released its quarterly earnings report for quarter ended 1/30/2024, with the company’s earnings per share (EPS) of -$0.29 below consensus estimates by -$0.09. SFIX’s earnings per share are forecast to grow by 37.30% this year and 25.50% over next year. Expected sales for next quarter are $305.77 million, which analysts say will come at $1.31 billion for the current fiscal year and next year at $1.3 billion. In addition, estimates put the company’s current quarterly revenue at an average of $306.25 million.
To reach the target analysts have set, the stock logically needs to grow 27.79 percent from here.
Outstanding shares total 87.92M with insiders holding 5.76% of the shares and institutional holders owning 85.43% of the company’s common stock. The company has a return on investment of -37.36% and return on equity of -47.64%. The beta has a value of 1.90. Price to book ratio is 1.35 and price to sales ratio is 0.20.
