Stitch Fix Inc. [NASDAQ: SFIX] slipped around -2.0 points on Thursday, while shares priced at $22.80 at the close of the session, down -8.06%. Stitch Fix Inc. stock is now -11.15% down from its year-to-date (YTD) trading value. SFIX Stock saw the intraday high of $24.01 and lowest of $22.6682 per share. The company’s 52-week high price is 32.34, which means current price is +109.17% above from all time high which was touched on 02/21/20.
Compared to the average trading volume of 3.37M shares, SFIX reached a trading volume of 3036952 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Stitch Fix Inc. [SFIX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SFIX shares is $19.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SFIX stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Stitch Fix Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 03, 2020. While these analysts kept the previous recommendation, Nomura raised their target price to Buy. The new note on the price target was released on March 18, 2020, representing the official price target for Stitch Fix Inc. stock. Previously, the target price had yet another drop from $27 to $17, while JP Morgan kept a Neutral rating on SFIX stock. On March 10, 2020, analysts decreased their price target for SFIX shares from 33 to 20.
The Average True Range (ATR) for Stitch Fix Inc. is set at 1.71, with the Price to Sales ratio for SFIX stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 5.30, with the Price to Cash per share for the same quarter was set at 2.91. Price to Free Cash Flow for SFIX in the course of the last twelve months was 81.68 with Quick ratio for the last quarter at 1.50.
How has SFIX stock performed recently?
Stitch Fix Inc. [SFIX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.27. With this latest performance, SFIX shares gained by 21.79% in over the last four-week period, additionally sinking by -13.06% over the last 6 months – not to mention a drop of -22.08% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SFIX stock in for the last two-week period is set at 53.61, with the RSI for the last a single of trading hit 47.36, and the three-weeks RSI is set at 56.16 for Stitch Fix Inc. [SFIX]. The present Moving Average for the last 50 days of trading for this stock 18.60, while it was recorded at 24.21 for the last single week of trading, and 21.16 for the last 200 days.
Stitch Fix Inc. [SFIX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Stitch Fix Inc. [SFIX] shares currently have an operating margin of +1.49 and a Gross Margin at +43.55. Stitch Fix Inc.’s Net Margin is presently recorded at +2.34.
Return on Total Capital for SFIX is now 6.61, given the latest momentum, and Return on Invested Capital for the company is 10.37. Return on Equity for this stock inclined to 10.37, with Return on Assets sitting at 6.72.
Reflecting on the efficiency of the workforce at the company, Stitch Fix Inc. [SFIX] managed to generate an average of $4,608 per employee.Stitch Fix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 2.20.
Earnings analysis for Stitch Fix Inc. [SFIX]
With the latest financial reports released by the company, Stitch Fix Inc. posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 75.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SFIX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Stitch Fix Inc. go to 27.50%.
Insider trade positions for Stitch Fix Inc. [SFIX]
There are presently around $1,104 million, or 80.50% of SFIX stock, in the hands of institutional investors. The top three institutional holders of SFIX stocks are: JACKSON SQUARE PARTNERS, LLC with ownership of 6,192,382, which is approximately 15.534% of the company’s market cap and around 2.10% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 4,662,582 shares of the stock with an approximate value of $115.63 million in SFIX stocks shares; and VANGUARD GROUP INC, currently with $109.18 million in SFIX stock with ownership of nearly 3.562% of the company’s market capitalization.
Positions in Stitch Fix Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 96 institutional holders increased their position in Stitch Fix Inc. [NASDAQ:SFIX] by around 7,580,124 shares. Additionally, 113 investors decreased positions by around 10,904,697 shares, while 30 investors held positions by with 26,029,786 shares. The mentioned changes placed institutional holdings at 44,514,607 shares, according to the latest SEC report filing. SFIX stock had 35 new institutional investments in for a total of 1,338,238 shares, while 64 institutional investors sold positions of 6,868,890 shares during the same period.