In today’s recent session, 1.03 million shares of the Stitch Fix Inc (NASDAQ:SFIX) have been traded, and its beta is 2.00. Most recently the company’s share price was $4.12, and it changed around -$0.03 or -0.60% from the last close, which brings the market valuation of the company to $544.21M. SFIX at last check was trading at a discount to its 52-week high of $6.99, offering almost -69.66% off that amount. The share price’s 52-week low was $2.06, which indicates that the recent value has risen by an impressive 50.0% since then. We note from Stitch Fix Inc’s average daily trading volume that its 10-day average is 5.09 million shares, with the 3-month average coming to 3.01 million.
Stitch Fix Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.29. If we narrow it down even further, the data shows that 1 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 6 recommended SFIX as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Stitch Fix Inc is expected to report earnings per share of -0.11 for the current quarter.
Stitch Fix Inc (NASDAQ:SFIX) trade information
Instantly SFIX has been showing red trend so far today with a performance of -0.60% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.15 on recent trading dayincreased the stock’s daily price by 0.72%. The company’s shares are currently up 15.55% year-to-date, but still up 8.84% over the last five days. On the other hand, Stitch Fix Inc (NASDAQ:SFIX) is -11.48% down in the 30-day period. We can see from the shorts that 5.98 million shares have been sold at a short interest cover period of 3.7 day(s).
The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to decrease their stock price by -17.71% from its current value. Analyst projections state that SFIX is forecast to be at a low of $3.5 and a high of $3.8.
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 3.64 percent over the past six months and at a 55.56% annual growth rate that is well above the industry average of 8.40%. The year-over-year growth rate is expected to be -11.94%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 297.27M in revenue for the current quarter. 6 analysts expect Stitch Fix Inc to make 280.18M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 330.4M and 322.73M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.03%. Forecasts for the next quarter put sales growth at -13.19%.
Stitch Fix Inc (NASDAQ:SFIX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.37% of Stitch Fix Inc shares, and 86.98% of them are in the hands of institutional investors. The stock currently has a share float of 92.89%. Stitch Fix Inc stock is held by 212.0 institutions, with WORKING CAPITAL ADVISORS (UK) LTD. being the largest institutional investor. By 2024-06-30, it held 9.8787% of the shares, which is about 11.98 million shares worth $49.72 million.
BLACKROCK INC., with 8.508% or 10.32 million shares worth $42.82 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
