Stitch Fix Inc (NASDAQ:SFIX) price on Thursday, October 24, fall -1.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.83.
A look at the stock’s price movement, the close in the last trading session was $2.88, moving within a range at $2.824 and $2.9. The beta value (5-Year monthly) was 1.907. Turning to its 52-week performance, $5.05 and $2.06 were the 52-week high and 52-week low respectively. Overall, SFIX moved 24.67% over the past month.
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Stitch Fix Inc’s market cap currently stands at around $358.96 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 307.13M for the company’s revenue for the quarter, with a low and high estimate of 304.5M and 313.49M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.15B, representing a -14.30% 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 50% Sell. 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% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 0 recommend SFIX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SFIX’s current price about 1.27% and -14.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.06, while 7-day volatility ratio is 4.44% and 6.22% in the 30-day chart. Further, Stitch Fix Inc (SFIX) has a beta value of 1.90, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $3 and high of $22. Looking at the price targets, the low is -6.01% off current price level while to achieve the yearly target high, price needs to move -677.39%. Nonetheless, investors will most likely welcome a -41.34% jump to $4 which is the analysts’ median price.
If we refocus on Stitch Fix Inc (NASDAQ:SFIX), historical trading data shows that trading volumes averaged 1.48 over the past 10 days and 2.00 million over the past 3 months. The company’s latest data on shares outstanding shows there are 102.44 million shares.
The 23.01% of Stitch Fix Inc’s shares are in the hands of company insiders while institutional holders own 67.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.82 million on 2024-09-30, giving us a short ratio of 2.41. The data shows that as of 2024-09-30 short interest in Stitch Fix Inc (SFIX) stood at 981.9998999999999 of shares outstanding, with shares short rising to 7.32 million registered in 2024-08-30. Current price change has pushed the stock -20.73% 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.
