Stitch Fix Inc. (NASDAQ:SFIX) traded with a subtraction of -$0.19 to $3.74 on Thursday, a downside of -4.71 percent. An average of 1,067,977 shares of common stock have been traded in the last five days. There was a fall of -$0.01 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,573,914 shares traded, while the 50-day average volume stands at 2,318,456.
SFIX stock has decreased by -17.96% in the last month. The company shares reached their 1-month lowest point of $3.66 on 08/18/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $2.63 and a high of $6.11 in 52 weeks. It has reached a new high 14 times so far this year and achieved 20.42% or $0.66 in price. In spite of this, the price is down -38.71% from the 52-week high.
Insider Transactions
SFIX stock investors should be aware that Stitch Fix Inc. (SFIX) stock had its last reported insider trading activity 35 days ago on Jul 20. In this transaction, the insider spent $39,008. Chief Accounting Officer, Barkema Sarah, disposed of 10,000 shares at a price of $5.00 on Apr 03. The insider now owns more than $49,963 worth of shares. Prior to that, Chief Legal Officer O’Connor Casey went on to Sale 12,000 shares at $5.14 each on Mar 24. An amount of $61,674 was transacted.
Valuation Metrics
Stitch Fix Inc. (SFIXstock’s beta is 2.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.25, the price-to-book (PB) ratio at 1.70.
Financial Health
The quick ratio of Stitch Fix Inc. for the three months ended April 30 was 1.10, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending April 30. Stitch Fix Inc.’s EBITDA margin for the year ending April 30 is -7.18%, while its operating margin for the same period stands at -14.10%. Its gross profit as reported stood at $908.47 million compared to revenue of $2.07 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Stitch Fix Inc.’s return on assets was -33.90%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$21.83 million in the quarter, while revenues of -$65.57 million were shrunk -257.49%. The analyst consensus anticipated Stitch Fix Inc.’s latest quarter earnings to come in at -$0.3 per share, but it turned out to be -$0.19, a 36.70% surprise. For the quarter, EBITDA amounted to -$14.57 million. Shareholders own equity worth $113.77 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Stitch Fix Inc. (SFIX) price momentum. RSI 9-day as of the close on 23 August was 36.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.57%.
As of today, SFIX’s price is $3.80 -0.26% or -$0.01 from its 5-day moving average. SFIX is currently trading -15.85% lower than its 20-day SMA and -26.22% lower than its 100-day SMA. However, the stock’s current price level is -20.96% below the SMA50 and -2.33% below the SMA200.
The stochastic %K and %D were 14.86% and 12.78%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 10.23% and the average true range at 0.24, the RSI (14) stands at 40.57%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at -0.18.
Analyst Ratings
Wells Fargo upgraded Stitch Fix Inc. (NASDAQ: SFIX) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for Stitch Fix Inc. (SFIX) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell SFIX, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is SFIX’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $5.00, with a median target of $4.55. Taking a look at these predictions, the average price target given by analysts for Stitch Fix Inc. (SFIX) stock is $4.42.
