Investors Getting Picky When It Comes To Buying Stitch Fix Inc (SFIX)

Stitch Fix Inc (NASDAQ:SFIX) does about 2.00M shares in volume on a normal day but saw 2826267 shares change hands in Monday trading. The company now has a market cap of 517.50M USD. Its current market price is $4.23, marking an increase of 1.44% compared to the previous close of $4.17. The 52 week high reached by this stock is $5.20 whilst the lowest price level in 52 weeks is $2.06.

Stitch Fix Inc (SFIX) has a 20-day trading average at $3.89 and the current price is -18.65% off the 52-week high compared with 105.34% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.98 and its 200-day simple moving average is $3.14. If we look at the stock’s price movements over the week, volatility stands at 7.51%, which increases to 7.64% 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 66.40 to suggest the stock is neutral.

The consensus objective for the share price is $3.73, suggesting that the stock has a potential downside of -13.4% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 08, 2024 when UBS resumed the stock to “Neutral” and issued a price target of $2.80. Wells Fargo upgraded its price target at $4.

Stitch Fix Inc (SFIX) stock is up 1.93% over the week and 22.43% over the past month. Its price is 18.49% year-to-date and 12.50% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -13.4 percent from here.

The company has a return on investment of -38.53% and return on equity of -48.33%. The beta has a value of 1.98. Price to book ratio is 2.48 and price to sales ratio is 0.37.