In the latest trading session, 0.5 million Stitch Fix Inc (NASDAQ:SFIX) shares changed hands as the company’s beta touched 1.90. With the company’s most recent per share price at $2.47 changing hands around $0.01 or 0.28% at last look, the market valuation stands at $296.46M. SFIX’s current price is a discount, trading about -121.05% off its 52-week high of $5.46. The share price had its 52-week low at $2.15, which suggests the last value was 12.96% up since then. When we look at Stitch Fix Inc’s average trading volume, we note the 10-day average is 2.05 million shares, with the 3-month average coming to 1.59 million.
Stitch Fix Inc (NASDAQ:SFIX) trade information
Instantly SFIX is in green as seen in intraday trades today. With action 8.68%, the performance over the past five days has been green. The jump to weekly highs of 2.59 added 0.28% to the stock’s daily price. The company’s shares are showing year-to-date downside of -30.90%, with the 5-day performance at 8.68% in the green. However, in the 30-day time frame, Stitch Fix Inc (NASDAQ:SFIX) is -23.86% down. Looking at the short shares, we see there were 9.36 million shares sold at short interest cover period of 7.89 days.
Stitch Fix Inc (SFIX) estimates and forecasts
Data shows that the Stitch Fix Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -20.93% over the past 6 months, a 23.48% in annual growth rate that is considerably higher than the industry average of 6.90%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Stitch Fix Inc will fall -31.60%, while the growth in revenue is estimated to hit 20.80% for the next quarter. Year-over-year growth is forecast to reach -20.20% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $306.25 million. 9 analysts are of the opinion that Stitch Fix Inc’s revenue for the quarter ending Jul 2024 will be $305.77 million. The estimates for the next quarter sales put growth at -18.60%.
The 2024 estimates are for Stitch Fix Inc earnings to increase by 37.29%, but the outlook for the next 5-year period is at 20.30% per year.
SFIX Dividends
Stitch Fix Inc is expected to release its next quarterly earnings report between June 04 and June 10.
Stitch Fix Inc (NASDAQ:SFIX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.76% of Stitch Fix Inc shares while 85.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.66%. There are 85.43% institutions holding the Stitch Fix Inc stock share, with Working Capital Advisors (UK) Ltd. the top institutional holder. As of Dec 30, 2023, the company held 12.64% of the shares, roughly 11.98 million SFIX shares worth $29.24 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 10.60% or 10.04 million shares worth $24.52 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.45 million shares estimated at $5.97 million under it, the former controlled 2.58% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.31% of the shares, roughly 2.19 million shares worth around $5.34 million.
