During the last session, Stitch Fix Inc (NASDAQ:SFIX)’s traded shares were 1.25 million, with the beta value of the company hitting 1.90. The 52-week high for the SFIX share is $5.05, that puts it down -85.66 from that peak though still a striking 24.26% gain since the share price plummeted to a 52-week low of $2.06. The company’s market capitalization is $345.00M, and the average intraday trading volume over the past 10 days was 2.16 million shares, and the average trade volume was 2.08 million shares over the past three months.
Stitch Fix Inc (SFIX) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.29. SFIX has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.
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Stitch Fix Inc (NASDAQ:SFIX) trade information
The stock’s 5-day price performance is 1.12%, and it has moved by -24.23% in 30 days. Based on these gigs, the overall price performance for the year is -17.58%. The short interest in Stitch Fix Inc (NASDAQ:SFIX) is 7.82 million shares and it means that shorts have 2.41 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 32.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $22 respectively. As a result, SFIX is trading at a discount of -708.82% off the target high and -10.29% off the low.
Stitch Fix Inc (SFIX) estimates and forecasts
Statistics show that Stitch Fix Inc has outperformed its competitors in share price, compared to the industry in which it operates. Stitch Fix Inc (SFIX) shares have gone up 12.86% during the last six months, with a year-to-date growth rate more than the industry average at 40.40% against 12.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 36.40% this quarter and then jump 48.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -14.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 306.38M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 281.43M by the end of current fiscal year.
While earnings are projected to return 48.93% in 2024.
SFIX Dividends
Stitch Fix Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Stitch Fix Inc (NASDAQ:SFIX)’s Major holders
Stitch Fix Inc insiders own 5.32% of total outstanding shares while institutional holders control 83.89%, with the float percentage being 88.60%. WORKING CAPITAL ADVISORS (UK) LTD. is the largest shareholder of the company, while 212.0 institutions own stock in it. As of 2024-06-30, the company held over 11.98 million shares (or 9.8787% of all shares), a total value of $49.72 million in shares.
The next largest institutional holding, with 10.32 million shares, is of BLACKROCK INC.’s that is approximately 8.508% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $42.82 million.
