Weekly Performance Analysis for Stitch Fix Inc. (SFIX)

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Stitch Fix Inc. (NASDAQ:SFIX) saw a downside of -3.57% to close Tuesday at $4.59 after subtracting -$0.17 on the day. The 5-day average trading volume is 2,444,120 shares of the company’s common stock. It has gained $4.89 in the past week and touched a new high 2 times within the past 5 days. An average of 2,937,520 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,049,098.

SFIX’s 1-month performance is 56.66% or $1.63 on its low of $2.72 reached on 12/28/22. The company’s shares have touched a 52-week low of $2.63 and high of $17.16, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, SFIX has achieved 47.59% or $1.48 and has reached a new high 10 times. However, the current price is down -73.25% from the 52-week high price.


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Valuation Metrics

SFIX stock has a beta of 2.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.24 while the price-to-book (PB) in the most recent quarter is 1.75.

Stitch Fix Inc.’s quick ratio for the period ended July 30 was 0.80, with the current ratio over the same period at 1.60.. In terms of profitability, the gross margin trailing 12 months is 42.50%. The firm’s gross profit as reported stood at $908.47 million against revenue of $2.07 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Stitch Fix Inc.’s cash and short-term investments amounted to $90.04 million against total debt of $170.35 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 96.73% to -$55.92 million, while revenue of -$96.34 million was -72.28% off the previous quarter. Analysts expected SFIX to announce -$0.62 per share in earnings in its latest quarter, but it posted -$0.64, representing a -3.20% surprise. EBITDA for the quarter stood at more than -$44.97 million. SFIX stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 449.92 million, with total debt at $170.35 million. Shareholders hold equity totaling $110.81 million.

Let’s look briefly at Stitch Fix Inc. (SFIX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 64.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 77.34%.

The stock’s 5-day moving average is $4.45, reflecting a +2.91% or $0.13 change from its current price. SFIX is currently trading +62.19% above its 20-day SMA, -14.04% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +41.23% and SMA200 by-54.82%.

Stochastic %K and %D was 86.95% and 80.86% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 62.29%, while the 14-day stochastic is at 84.32% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at 0.19 and 0.48 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Stitch Fix Inc. (NASDAQ: SFIX), Wells Fargo upgraded it to an Equal weight rating. They previously had an Underweight rating on the stock.

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