Stitch Fix Inc (NASDAQ:SFIX) price on current trading day, fall -3.76% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.84.
A look at the stock’s price movement, the level at last check in today’s session was $3.99, moving within a range at $3.8 and $3.97. The beta value (5-Year monthly) was 1.877. Turning to its 52-week performance, $6.99 and $2.06 were the 52-week high and 52-week low respectively. Overall, SFIX moved -17.24% over the past month.
Stitch Fix Inc’s market cap currently stands at around $487.07 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 297.27M for the company’s revenue for the quarter, with a low and high estimate of 295M and 300.79M respectively. The average forecast suggests down to a -10.03% 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 1.18B, representing a -11.94% 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% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 -11.57% and -1.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.25, while 7-day volatility ratio is 5.43% and 10.19% in the 30-day chart. Further, Stitch Fix Inc (SFIX) has a beta value of 2.00, and an average true range (ATR) of 0.40. Analysts have given the company’s stock an average 52-week price target of $3.5, forecast between a low of $3.5 and high of $3.8. Looking at the price targets, the low is 8.85% off recent price level in today’s trading while to achieve the yearly target high, it has to move 1.04%. Nonetheless, investors will most likely welcome a 8.85% jump to $3.5 which is the analysts’ median price.
If we refocus on Stitch Fix Inc (NASDAQ:SFIX), historical trading data shows that trading volumes averaged 6.45 over the past 10 days and 3.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 104.53 million shares.
The 23.81% of Stitch Fix Inc’s shares are in the hands of company insiders while institutional holders own 69.83% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.98 million on 2024-11-29, giving us a short ratio of 3.7. The data shows that as of 2024-11-29 short interest in Stitch Fix Inc (SFIX) stood at 677.0 of shares outstanding, with shares short falling to 7.17 million registered in 2024-10-31. Current price change has pushed the stock 7.56% 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.
