In the past week, SFIX stock has gone down by -27.92%, with a monthly decline of -23.66% and a quarterly plunge of -31.57%. The volatility ratio for the week is 14.01%, and the volatility levels for the last 30 days are 7.83% for Stitch Fix Inc The simple moving average for the last 20 days is -21.29% for SFIX’s stock, with a simple moving average of -13.55% for the last 200 days.
Is It Worth Investing in Stitch Fix Inc (NASDAQ: SFIX) Right Now?
The 36-month beta value for SFIX is also noteworthy at 1.91. 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.”
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The public float for SFIX is 97.31M, and at present, short sellers hold a 7.11% of that float. The average trading volume of SFIX on September 30, 2024 was 2.14M shares.
SFIX) stock’s latest price update
The stock price of Stitch Fix Inc (NASDAQ: SFIX) has jumped by 12.25 compared to previous close of 2.53. Despite this, the company has seen a fall of -27.92% in its stock price over the last five trading days. accesswire.com reported 2024-09-29 that NEW YORK, NY / ACCESSWIRE / September 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Stitch Fix, Inc. (“Stitch Fix, Inc.”) (NASDAQ:SFIX) concerning possible violations of federal securities laws. Stitch Fix issued a press release on September 24, 2024, “announc[ing] its financial results for the fourth quarter and full fiscal year 2024, ended August 3, 2024.
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 -25.33% 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 -43.71% of loss for the given period.
Volatility was left at 7.83%, however, over the last 30 days, the volatility rate increased by 14.01%, as shares sank -25.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.18% lower at present.
During the last 5 trading sessions, SFIX fell by -27.92%, which changed the moving average for the period of 200-days by -29.53% in comparison to the 20-day moving average, which settled at $3.56. In addition, Stitch Fix Inc saw -20.45% 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 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:
- -0.09 for the present operating margin
- 0.43 for the gross margin
The net margin for Stitch Fix Inc stands at -0.1. The total capital return value is set at -0.42. Equity return is now at value -54.74, with -21.59 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 0.05.
Currently, EBITDA for the company is -88.94 million with net debt to EBITDA at 0.6. When we switch over and look at the enterprise to sales, we see a ratio of 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
Conclusion
In summary, Stitch Fix Inc (SFIX) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
