Stitch Fix Inc (NASDAQ:SFIX) has a beta value of 1.90 and has seen 1.22 million shares traded in the last trading session. The company, currently valued at $347.54M, closed the last trade at $2.74 per share which meant it gained $0.02 on the day or 0.74% during that session. The SFIX stock price is -84.31% off its 52-week high price of $5.05 and 24.82% above the 52-week low of $2.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.69 million shares traded. The 3-month trading volume is 2.08 million shares.
The consensus among analysts is that Stitch Fix Inc (SFIX) is Hold stock at the moment, with a recommendation rating of 3.29. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 6 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.
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Stitch Fix Inc (NASDAQ:SFIX) trade information
Sporting 0.74% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SFIX stock price touched $2.74 or saw a rise of 1.44%. Year-to-date, Stitch Fix Inc shares have moved -23.25%, while the 5-day performance has seen it change 2.62%. Over the past 30 days, the shares of Stitch Fix Inc (NASDAQ:SFIX) have changed -24.31%. Short interest in the company has seen 7.82 million shares shorted with days to cover at 2.41.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 31.5% from current levels. The projected low price target is $3.0 while the price target rests at a high of $22.0. In that case, then, we find that the current price level is -702.92% off the targeted high while a plunge would see the stock gain -9.49% from current levels.
Stitch Fix Inc (SFIX) estimates and forecasts
Figures show that Stitch Fix Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 18.61% over the past 6 months, with this year growth rate of 44.44%, compared to 11.90% for the industry.
SFIX Dividends
Stitch Fix Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Stitch Fix Inc (NASDAQ:SFIX)’s Major holders
Insiders own 5.32% of the company shares, while shares held by institutions stand at 83.90% with a share float percentage of 88.61%. Investors are also buoyed by the number of investors in a company, with Stitch Fix Inc having a total of 212.0 institutions that hold shares in the company. The top two institutional holders are WORKING CAPITAL ADVISORS (UK) LTD. with over 11.98 million shares worth more than $49.72 million. As of 2024-06-30, WORKING CAPITAL ADVISORS (UK) LTD. held 9.8787% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 10.32 million shares as of 2024-06-30. The firm’s total holdings are worth over $42.82 million and represent 8.508% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.70% shares in the company for having 2.82 shares of worth $7.73 million while later fund manager owns 2.46 shares of worth $6.74 million as of Aug 31, 2024 , which makes it owner of about 2.35% of company’s outstanding stock.
