Company’s 36-month beta value is 1.98.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for SFIX is 91.02M, and currently, short sellers hold a 7.06% ratio of that floaft. The average trading volume of SFIX on July 24, 2024 was 2.16M shares.
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SFIX) stock’s latest price update
The stock price of Stitch Fix Inc (NASDAQ: SFIX) has dropped by -1.13 compared to previous close of 4.44. Despite this, the company has seen a fall of -7.97% in its stock price over the last five trading days. zacks.com reported 2024-07-23 that Stitch Fix (SFIX) attracts investors with its successful AI-driven operations and strategic cost management. Strong technical indicators and an appealing valuation further highlight its growth potential.
SFIX’s Market Performance
Stitch Fix Inc (SFIX) has experienced a -7.97% fall in stock performance for the past week, with a 14.92% rise in the past month, and a 102.30% rise in the past quarter. The volatility ratio for the week is 6.31%, and the volatility levels for the past 30 days are at 6.46% for SFIX. The simple moving average for the past 20 days is 1.30% for SFIX’s stock, with a 36.90% simple moving average for the past 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 25.05% 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 -15.58% of loss for the given period.
Volatility was left at 6.46%, however, over the last 30 days, the volatility rate increased by 6.31%, as shares surge +12.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +109.52% upper at present.
During the last 5 trading sessions, SFIX fell by -7.76%, which changed the moving average for the period of 200-days by +41.25% in comparison to the 20-day moving average, which settled at $4.36. In addition, Stitch Fix Inc saw 22.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SFIX starting from O’Connor Casey, who sale 3,045 shares at the price of $4.96 back on Jul 17 ’24. After this action, O’Connor Casey now owns 447,175 shares of Stitch Fix Inc, valued at $15,103 using the latest closing price.
Lake Katrina, the Director of Stitch Fix Inc, sale 537,007 shares at $5.01 during a trade that took place back on Jul 16 ’24, which means that Lake Katrina is holding 0 shares at $2,689,905 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 -0.09. The total capital return value is set at -0.35. Equity return is now at value -48.33, with -18.68 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 0.14. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is -28.24.
Currently, EBITDA for the company is -134.5 million with net debt to EBITDA at 1.04. When we switch over and look at the enterprise to sales, we see a ratio of 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.
Conclusion
In a nutshell, Stitch Fix Inc (SFIX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
