Stitch Fix Inc (NASDAQ: SFIX): Stock Forecast For 2024 Remains Weak With A Downward Revision Of 35.3%

In today’s recent session, 0.62 million shares of the Stitch Fix Inc (NASDAQ:SFIX) have been traded, and its beta is 1.96. Most recently the company’s share price was $3.89, and it changed around -$0.03 or -0.64% from the last close, which brings the market valuation of the company to $476.51M. SFIX at last check was trading at a discount to its 52-week high of $5.20, offering almost -33.68% off that amount. The share price’s 52-week low was $2.06, which indicates that the recent value has risen by an impressive 47.04% since then. We note from Stitch Fix Inc’s average daily trading volume that its 3-month average coming to 1.90 million.

Stitch Fix Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.30. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended SFIX as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Stitch Fix Inc is expected to report earnings per share of -0.2 for the current quarter.

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Stitch Fix Inc (NASDAQ:SFIX) trade information

Instantly SFIX has been showing red trend so far today with a performance of -0.64% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 9.10% year-to-date, but still up 12.90% over the last five days. On the other hand, Stitch Fix Inc (NASDAQ:SFIX) is 74.66% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $7.78, which translates to bulls needing to increase their stock price by 50.0% from its current value. Analyst projections state that SFIX is forecast to be at a low of $3 and a high of $22.

Stitch Fix Inc (SFIX) estimates and forecasts

Stitch Fix Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.96 percent over the past six months and at a 22.61% annual growth rate that is well above the industry average of 17.60%. The year-over-year growth rate is expected to be -18.40%, down from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 318.29M in revenue for the current quarter. 3 analysts expect Stitch Fix Inc to make 313.09M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -15.30%.

Stitch Fix Inc earnings are expected to increase by 39.27% in 2024, but the outlook is positive 20.30% per year for the next five years.

SFIX Dividends

Stitch Fix Inc’s next quarterly earnings report is expected to be released in July.