Stitch Fix Inc (NASDAQ:SFIX)’s traded shares stood at 1.34 million during the last session, with the company’s beta value hitting 1.91. At the close of trading, the stock’s price was $2.44, to imply an increase of 0.41% or $0.01 in intraday trading. The SFIX share’s 52-week high remains $5.46, putting it -123.77% down since that peak but still an impressive 11.89% since price per share fell to its 52-week low of $2.15. The company has a valuation of $293.21M, with an average of 2.01 million shares in intraday trading volume over the past 10 days and average of 1.61 million shares over the past 3 months.
Stitch Fix Inc (NASDAQ:SFIX) trade information
After registering a 0.41% upside in the last session, Stitch Fix Inc (SFIX) has traded red over the past five days. The stock hit a weekly high of 2.59, jumping 0.41% in its intraday price action. The 5-day price performance for the stock is 1.67%, and -27.38% over 30 days. With these gigs, the year-to-date price performance is -31.65%. Short interest in Stitch Fix Inc (NASDAQ:SFIX) saw shorts transact 9.36 million shares and set a 7.89 days time to cover.
Stitch Fix Inc (SFIX) estimates and forecasts
Looking at statistics comparing Stitch Fix Inc share performance against respective industry, we note that the company has outperformed competitors. Stitch Fix Inc (SFIX) shares are -30.29% down over the last 6 months, with its year-to-date growth rate higher than industry average at 19.13% against 6.60%. Revenue is forecast to shrink -31.60% this quarter before jumping 20.80% for the next one. The rating firms project that company’s revenue will shrink -20.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is $306.25 million. Meanwhile, for the quarter ending Jul 2024, a total of 9 analyst(s) estimate revenue growth to $305.77 million.
SFIX Dividends
Stitch Fix Inc has its next earnings report out between June 04 and June 10. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Stitch Fix Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Stitch Fix Inc (NASDAQ:SFIX)’s Major holders
Stitch Fix Inc insiders hold 5.76% of total outstanding shares, with institutional holders owning 85.43% of the shares at 90.66% float percentage. In total, 85.43% institutions holds shares in the company, led by Working Capital Advisors (UK) Ltd.. As of Jun 29, 2023, the company held over 11.98 million shares (or 13.03% of shares), all amounting to roughly $46.12 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 9.41 million shares, or about 10.24% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $36.25 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Stitch Fix Inc (SFIX) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 2.45 million shares. This is just over 2.66% of the total shares, with a market valuation of $9.42 million. Data from the same date shows that the other fund manager holds a little less at 1.98 million, or 2.15% of the shares, all valued at about 8.69 million.
