Stitch Fix Inc. [SFIX] Is Currently 4.61 below its 200 Period Moving Avg: What Does This Mean?


Stitch Fix Inc. [NASDAQ: SFIX] traded at a high on 12/07/21, posting a 4.61 gain after which it closed the day’ session at $24.97. The company report on December 7, 2021 that Stitch Fix Announces First Quarter Fiscal Year 2022 Financial Results.

Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal shopping and styling service, has released its financial results for the first quarter of fiscal year 2022 ended October 30, 2021.

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Stitch Fix CEO Elizabeth Spaulding said, “In Q1 we delivered $581 million in net revenue, reflecting 19% year-over-year growth. Our revenue per active client topped $500 for the second quarter in a row, reaching a record $524 across our nearly 4.2 million clients. These quarterly results reflect a strong performance in our business from both Fix and Freestyle. With the launch of Stitch Fix Freestyle we are expanding and broadening our offering, and we are excited to continue to enhance the experience for clients through the introduction of new product features and expanded merchandise selections, increasing the number of purchase occasions we serve. Overall, we are pleased with the important progress we are making towards our vision of becoming the global destination for personal shopping.”.

The results of the trading session contributed to over 9269222 shares changing hands. Over the past one week, the price volatility of Stitch Fix Inc. stands at 10.07% while the volatility over the past one month is 6.59%.

The market cap for SFIX stock reached $2.69 billion, with 107.53 million shares outstanding and 76.63 million shares in the current float. Compared to the average trading volume of 2.68M shares, SFIX reached a trading volume of 9269222 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $46.18 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 2.70. 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.

Morgan Stanley have made an estimate for Stitch Fix Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 03, 2021. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on December 02, 2021, representing the official price target for Stitch Fix Inc. stock. Previously, the target price had yet another raise to $45, while Wedbush analysts kept a Neutral rating on SFIX stock. On June 08, 2021, analysts increased their price target for SFIX shares from 27 to 35.

The Average True Range (ATR) for Stitch Fix Inc. is set at 1.88, with the Price to Sales ratio for SFIX stock in the period of the last 12 months amounting to 1.28. The Price to Book ratio for the last quarter was 5.82, with the Price to Cash per share for the same quarter was set at 2.15.

How has SFIX stock performed recently?

Stitch Fix Inc. [SFIX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.28. With this latest performance, SFIX shares dropped by -28.68% in over the last four-week period, additionally sinking by -61.38% over the last 6 months – not to mention a drop of -30.31% 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 33.20, with the RSI for the last a single of trading hit 35.37, and the three-weeks RSI is set at 33.87 for Stitch Fix Inc. [SFIX]. The present Moving Average for the last 50 days of trading for this stock 32.64, while it was recorded at 23.51 for the last single week of trading, and 46.29 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 -3.06 and a Gross Margin at +43.67. Stitch Fix Inc.’s Net Margin is presently recorded at -0.42.

Return on Total Capital for SFIX is now -10.95, given the latest momentum, and Return on Invested Capital for the company is -1.58. Return on Equity for this stock declined to -2.06, with Return on Assets sitting at -1.12. When it comes to the capital structure of this company, Stitch Fix Inc. [SFIX] has a Total Debt to Total Equity ratio set at 31.97. Additionally, SFIX Total Debt to Total Capital is recorded at 24.22, with Total Debt to Total Assets ending up at 17.99. Long-Term Debt to Equity for the company is recorded at 26.39, with the Long-Term Debt to Total Capital now at 20.00.

Reflecting on the efficiency of the workforce at the company, Stitch Fix Inc. [SFIX] managed to generate an average of -$788 per employee. Receivables Turnover for the company is 151.90 with a Total Asset Turnover recorded at a value of 2.65.Stitch Fix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.30.

Earnings analysis for Stitch Fix Inc. [SFIX]

With the latest financial reports released by the company, Stitch Fix Inc. posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 145.00%. 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 11.80%.

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Insider trade positions for Stitch Fix Inc. [SFIX]

There are presently around $1,803 million, or 88.10% of SFIX stock, in the hands of institutional investors. The top three institutional holders of SFIX stocks are: WORKING CAPITAL ADVISORS (UK) LTD. with ownership of 9,066,812, which is approximately 47.677% of the company’s market cap and around 1.90% of the total institutional ownership; VANGUARD GROUP INC, holding 6,372,783 shares of the stock with an approximate value of $159.13 million in SFIX stocks shares; and JACKSON SQUARE PARTNERS, LLC, currently with $144.67 million in SFIX stock with ownership of nearly 110.619% of the company’s market capitalization.

Positions in Stitch Fix Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 141 institutional holders increased their position in Stitch Fix Inc. [NASDAQ:SFIX] by around 15,957,855 shares. Additionally, 120 investors decreased positions by around 9,892,997 shares, while 56 investors held positions by with 46,336,512 shares. The mentioned changes placed institutional holdings at 72,187,364 shares, according to the latest SEC report filing. SFIX stock had 37 new institutional investments in for a total of 1,287,072 shares, while 58 institutional investors sold positions of 890,442 shares during the same period.