As of Friday close, Stitch Fix Inc.’s (NASDAQ:SFIX) stock was down -$0.01, moving down -0.32 percent to $3.12. The average number of shares traded per day over the past five days has been 4,192,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.11 fall in that time frame. In the last twenty days, the average volume was 2,380,495, while in the previous 50 days, it was 1,972,590.
Since last month, SFIX stock retreated -20.61%. Shares of the company fell to $2.82 on 09/19/23, the lowest level in the past month. A 52-week high of $6.03 was reached on 02/02/23 after having rallying from a 52-week low of $2.63. Since the beginning of this year, SFIX’s stock price has risen by 0.32% or $0.01, and marked a new high 14 times. However, the stock has declined by -48.26% since its 52-week high.
SFIX stock investors should be aware that Stitch Fix Inc. (SFIX) stock had its last reported insider trading activity 65 days ago on Jul 20. O’Connor Casey, the Chief Legal Officer of the company, disposed of 9,262 shares for $4.21 on Jul 20. It resulted in a $39,008 divestment by the insider. Barkema Sarah sold 10,000 shares at an average price of $5.00 on Apr 03. The insider now owns 65,903 shares following the transaction. On Mar 24, Chief Legal Officer O’Connor Casey sold 12,000 shares at $5.14 apiece. The transaction was valued at $61,674.
Valuation Metrics
The stock’s beta is 2.29. Besides these, the trailing price-to-sales (P/S) ratio of 0.21, the price-to-book (PB) ratio of 1.42.
Financial Health
In the three months ended July 30, Stitch Fix Inc.’s quick ratio stood at 1.10, while its current ratio was 1.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 41.40% percent. In the year ended July 30, operating margins totaled -14.10%. Based on annual data, SFIX earned $691.52 million in gross profit and brought in $1.64 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -63.70%. Return on equity (ROE) for the past 12 months was -85.10%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SFIX’s revenue fell -28.54% to $394.91 million during the quarter, while net income inched up to $374.9 million. While analysts expected Stitch Fix Inc. to report -$0.21 quarterly earnings, the actual figure was -$0.24 per share, beating the consensus estimate by -14.30%. During the quarter, the company generated -$20.19 million in EBITDA. The liabilities of Stitch Fix Inc. were 367.17 million at the end of its most recent quarter ended July 30, and its total debt was $154.76 million. The value of shareholders’ equity is $117.33 million.
Technical Picture
This quick technical analysis looks at Stitch Fix Inc.’s (SFIX) price momentum. With a historical volatility rate of 89.51%, the RSI 9-day stood at 31.57% on 22 September.
With respect to its five-day moving average, the current Stitch Fix Inc. price is down by -3.41% percent or -$0.11. At present, SFIX shares trade -15.68% below its 20-day simple moving average and -5.45% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.71% below its SMA50 and -22.58% below its SMA200.
Stochastic coefficient K was 19.82% and Stochastic coefficient D was 21.90%, while ATR was 0.27. Given the Stochastic reading of 18.63% for the 14-day period, the RSI (14) reading has been calculated as 34.41%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at -0.42.
