Additionally, the 36-month beta value for SFIX is 1.92. 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 92.50M and currently, short sellers hold a 7.91% ratio of that float. The average trading volume of SFIX on September 18, 2024 was 1.63M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
SFIX) stock’s latest price update
Stitch Fix Inc (NASDAQ: SFIX) has seen a rise in its stock price by 9.04 in relation to its previous close of 3.76. However, the company has experienced a 14.21% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-10 that SAN FRANCISCO, Sept. 10, 2024 (GLOBE NEWSWIRE) — Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, today announced that it will release financial results for its fourth quarter and full fiscal year 2024 ended August 3, 2024 after market close on Tuesday, September 24, 2024.
SFIX’s Market Performance
Stitch Fix Inc (SFIX) has seen a 14.21% rise in stock performance for the week, with a 15.82% gain in the past month and a 11.72% surge in the past quarter. The volatility ratio for the week is 7.19%, and the volatility levels for the past 30 days are at 5.67% for SFIX. The simple moving average for the last 20 days is 11.96% for SFIX stock, with a simple moving average of 24.36% 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 3.21% 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 -18.73% of loss for the given period.
Volatility was left at 5.67%, however, over the last 30 days, the volatility rate increased by 7.19%, as shares surge +8.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.07% lower at present.
During the last 5 trading sessions, SFIX rose by +14.21%, which changed the moving average for the period of 200-days by +8.47% in comparison to the 20-day moving average, which settled at $3.68. In addition, Stitch Fix Inc saw 14.85% 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 Bacos Anthony, who proposed sale 20,720 shares at the price of $3.78 back on Sep 13 ’24. After this action, Bacos Anthony now owns shares of Stitch Fix Inc, valued at $78,424 using the latest closing price.
Bacos Anthony, the Chief Prod/Technology Officer of Stitch Fix Inc, sale 20,720 shares at $3.78 during a trade that took place back on Sep 13 ’24, which means that Bacos Anthony is holding 579,707 shares at $78,322 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 0.31. The receivables turnover for the company is 1393716000.0for trailing twelve months and the total asset turnover is 2.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.
Conclusion
In conclusion, Stitch Fix Inc (SFIX) has seen better 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.
