In the latest trading session, 0.73 million Stitch Fix Inc (NASDAQ:SFIX) shares changed hands as the company’s beta touched 2.02. With the company’s most recent per share price at $3.83 changing hands around $0.04 or 1.15% at last look, the market valuation stands at $496.75M. SFIX’s current price is a discount, trading about -82.51% off its 52-week high of $6.99. The share price had its 52-week low at $2.06, which suggests the last value was 46.21% up since then. When we look at Stitch Fix Inc’s average trading volume, we note the 10-day average is 9.57 million shares, with the 3-month average coming to 3.50 million.
Analysts gave the Stitch Fix Inc (SFIX) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.29. If we narrow down to specifics, the data shows that 1 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended SFIX as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Stitch Fix Inc’s EPS for the current quarter is expected to be -0.11.
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Stitch Fix Inc (NASDAQ:SFIX) trade information
Instantly SFIX is in green as seen in intraday trades today. With action -5.23%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 7.38%, with the 5-day performance at -5.23% in the red. However, in the 30-day time frame, Stitch Fix Inc (NASDAQ:SFIX) is -8.72% down. Looking at the short shares, we see there were 5.98 million shares sold at short interest cover period of 3.7 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need a downside of -9.43% from its recent market value. According to analyst projections, SFIX’s forecast low is 3.5 with 3.8 as the target high. To hit the forecast high, the stock’s price needs a 0.78% surge from its current level, while the stock would need to tank 8.62% for it to hit the projected low.
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 -2.08% over the past 6 months, a 53.54% in annual growth rate that is considerably higher than the industry average of 8.20%. Year-over-year growth is forecast to reach -11.94% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 297.27M. 6 analysts are of the opinion that Stitch Fix Inc’s revenue for the current quarter will be 280.18M. The company’s revenue for the corresponding quarters a year ago was 330.4M and 322.73M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -10.03%. The estimates for the next quarter sales put growth at -13.19%.
The 2024 estimates are for Stitch Fix Inc earnings to increase by 64.08%.
SFIX Dividends
Stitch Fix Inc is expected to release its next quarterly earnings report in January.
Stitch Fix Inc (NASDAQ:SFIX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.37% of Stitch Fix Inc shares while 86.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.89%. There are 86.98% institutions holding the Stitch Fix Inc stock share, with WORKING CAPITAL ADVISORS (UK) LTD. the top institutional holder. As of 2024-06-30, the company held 9.8787% of the shares, roughly 11.98 million SFIX shares worth $49.72 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.508% or 10.32 million shares worth $42.82 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.82 shares estimated at $10.87 million under it, the former controlled 2.70% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.28% of the shares, roughly 2.39 shares worth around $9.21 million.
