Stitch Fix Inc (NASDAQ:SFIX) price on Wednesday, July 10, fall -1.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.33.
A look at the stock’s price movement, the close in the last trading session was $4.41. Turning to its 52-week performance, $5.20 and $2.06 were the 52-week high and 52-week low respectively. Overall, SFIX moved 16.24% over the past month.
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Stitch Fix Inc’s market cap currently stands at around $529.73 million.
Analysts have a consensus estimate of 318.11M for the company’s revenue for the quarter, with a low and high estimate of 316.2M and 322.7M respectively. The average forecast suggests down to a -15.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.34B, representing a -18.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SFIX is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
SFIX’s current price about 10.45% and 42.91% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.56, while 7-day volatility ratio is 7.72% and 7.07% in the 30-day chart. Further, Stitch Fix Inc (SFIX) has a beta value of 1.98, and an average true range (ATR) of 0.27.
If we refocus on Stitch Fix Inc (NASDAQ:SFIX), historical trading data shows that trading volumes averaged 2.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 122.34 million shares.
The 26.06% of Stitch Fix Inc’s shares are in the hands of company insiders while institutional holders own 67.22% of the company’s shares. Current price change has pushed the stock 21.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SFIX stock continues to rise going into the next quarter.