The trading price of Stitch Fix Inc (NASDAQ:SFIX) closed lower on Monday, December 09, and closing at $4.58, -1.08% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.56 and $4.89. In examining the 52-week price action we see that the stock hit a 52-week high of $5.05 and a 52-week low of $2.06. Over the past month, the stock has gained 22.79% in value.
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Stitch Fix Inc, whose market valuation is $593.76 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest SFIX has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SFIX a recommendation rating is 6. Out of them, 5 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Stitch Fix Inc (SFIX) as Underweight, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that SFIX’s price is currently 8.04% off the SMA20 and 30.94% off the SMA50. The RSI metric on the 14-day chart is currently showing 66.24, and weekly volatility stands at 6.31%. When measured over the past 30 days, the indicator reaches 5.82%. Stitch Fix Inc (NASDAQ:SFIX)’s beta value is currently sitting at 1.99, while the Average True Range indicator is currently displaying 0.24. With analysts defining $3-$3.8 as the low and high price targets, we arrive at a consensus price target of $3.5 for the trailing 12-month period. The current price is about 34.5% off the estimated low and 17.03% off the forecast high, based on this estimate. Investors will be thrilled if SFIX’s share price rises to $3.5, which is the median consensus price. At that level, SFIX’s share price would be 23.58% above current price.
To see how Stitch Fix Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SFIX stock’s performance was -1.08% in the latest trading, and 20.53% in the past year.
An evaluation of the daily trading volume of Stitch Fix Inc (NASDAQ:SFIX) indicates that the 3-month average is 2.26 million. However, this figure has increased over the past 10 days to an average of 1.48.
Currently, records show that 102.44 million of the company’s shares remain outstanding. The insiders hold 23.63% of outstanding shares, whereas institutions hold 69.83%. The stats also highlight that short interest as of 2024-11-15, stood at 6.23 million shares, resulting in a short ratio of 3.33 at that time. From this, we can conclude that short interest is 705.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 7.16 million. However, since the stock’s price has seen 28.29% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
