Stitch Fix Inc (NASDAQ: SFIX)’s stock price has decreased by -0.45 compared to its previous closing price of 2.24. However, the company has seen a -4.29% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-20 that Stitch Fix’s (SFIX) commitment to operational efficiency, customer satisfaction and cutting-edge technology sets it on a path to success amid challenges in maintaining active client numbers.
Is It Worth Investing in Stitch Fix Inc (NASDAQ: SFIX) Right Now?
Additionally, the 36-month beta value for SFIX is 1.93. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for SFIX is 86.00M and currently, short sellers hold a 10.03% ratio of that float. The average trading volume of SFIX on April 18, 2024 was 1.64M shares.
SFIX’s Market Performance
SFIX stock saw a decrease of -4.29% in the past week, with a monthly decline of -1.76% and a quarterly a decrease of -30.96%. The volatility ratio for the week is 4.66%, and the volatility levels for the last 30 days are 6.45% for Stitch Fix Inc (SFIX). The simple moving average for the last 20 days is -7.64% for SFIX stock, with a simple moving average of -35.78% for the last 200 days.
Analysts’ Opinion of SFIX
Many brokerage firms have already submitted their reports for SFIX stocks, with UBS repeating the rating for SFIX by listing it as a “Neutral.” The predicted price for SFIX in the upcoming period, according to UBS is $2.80 based on the research report published on April 08, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see SFIX reach a price target of $2. The rating they have provided for SFIX stocks is “Underperform” according to the report published on March 19th, 2024.
Wells Fargo gave a rating of “Equal Weight” to SFIX, setting the target price at $4 in the report published on January 06th of the previous year.
SFIX Trading at -20.64% from the 50-Day Moving Average
After a stumble in the market that brought SFIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.12% of loss for the given period.
Volatility was left at 6.45%, however, over the last 30 days, the volatility rate increased by 4.66%, as shares sank -2.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.31% lower at present.
During the last 5 trading sessions, SFIX fell by -4.29%, which changed the moving average for the period of 200-days by -42.08% in comparison to the 20-day moving average, which settled at $2.41. In addition, Stitch Fix Inc saw -37.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SFIX starting from Barkema Sarah, who sale 16,311 shares at the price of $2.24 back on Mar 14 ’24. After this action, Barkema Sarah now owns 138,535 shares of Stitch Fix Inc, valued at $36,542 using the latest closing price.
O’Connor Casey, the Chief Legal Officer of Stitch Fix Inc, sale 4,692 shares at $3.24 during a trade that took place back on Jan 18 ’24, which means that O’Connor Casey is holding 483,755 shares at $15,183 based on the most recent closing price.
Stock Fundamentals for SFIX
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.42 for the gross margin
The net margin for Stitch Fix Inc stands at -0.08. The total capital return value is set at -0.35. Equity return is now at value -47.64, with -18.62 for asset returns.
Based on Stitch Fix Inc (SFIX), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -195.32.
Currently, EBITDA for the company is -134.5 million with net debt to EBITDA at 1.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
Conclusion
In conclusion, Stitch Fix Inc (SFIX) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
