Canaccord Genuity lifts Stitch Fix Inc. [SFIX] price estimate. Who else is bullish?

Stitch Fix Inc. [NASDAQ: SFIX] loss -7.88% on the last trading session, reaching $3.74 price per share at the time. The company report on November 15, 2022 that Stitch Fix Announces Date for First Quarter 2023 Earnings Release and Conference Call.


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A live webcast of the call will be accessible on the investor relations section of the Stitch Fix website at https://investors.stitchfix.com. To access the call by phone, please register at this registration link. Upon registration, telephone participants will receive the dial-in number along with a unique PIN number that can be used to access the call. A replay of the webcast will also be available for a limited time at https://investors.stitchfix.com.

Stitch Fix Inc. represents 108.74 million in outstanding shares, while the company has a total market value of $370.86 million with the latest information. SFIX stock price has been found in the range of $3.6541 to $4.025.

If compared to the average trading volume of 3.58M shares, SFIX reached a trading volume of 2288689 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $5.16 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 3.10. 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.

Canaccord Genuity have made an estimate for Stitch Fix Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 21, 2022. While these analysts kept the previous recommendation, MKM Partners raised their target price to Neutral. The new note on the price target was released on July 28, 2022, representing the official price target for Stitch Fix Inc. stock. Previously, the target price had yet another raise to $3, while Piper Sandler analysts kept a Underweight rating on SFIX stock.

The Average True Range (ATR) for Stitch Fix Inc. is set at 0.46, with the Price to Sales ratio for SFIX stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 2.15. Price to Free Cash Flow for SFIX in the course of the last twelve months was 41.21 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for SFIX stock

Stitch Fix Inc. [SFIX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.31. With this latest performance, SFIX shares gained by 4.76% in over the last four-week period, additionally sinking by -54.56% over the last 6 months – not to mention a drop of -87.64% 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 46.53, with the RSI for the last a single of trading hit 45.63, and the three-weeks RSI is set at 46.17 for Stitch Fix Inc. [SFIX]. The present Moving Average for the last 50 days of trading for this stock 4.11, while it was recorded at 4.21 for the last single week of trading, and 7.49 for the last 200 days.

Stitch Fix Inc. [SFIX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Stitch Fix Inc. [SFIX] shares currently have an operating margin of -8.98 and a Gross Margin at +42.07. Stitch Fix Inc.’s Net Margin is presently recorded at -9.99.

Return on Equity for this stock declined to -52.87, with Return on Assets sitting at -26.16.

Stitch Fix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.60.

Stitch Fix Inc. [SFIX]: An earnings per share (EPS) analysis

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 29.60%.

An analysis of insider ownership at Stitch Fix Inc. [SFIX]

There are presently around $287 million, or 88.30% 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 11,979,753, which is approximately 0% of the company’s market cap and around 4.50% of the total institutional ownership; VANGUARD GROUP INC, holding 7,461,218 shares of the stock with an approximate value of $27.91 million in SFIX stocks shares; and BLACKROCK INC., currently with $26.97 million in SFIX stock with ownership of nearly 2.433% 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 87 institutional holders increased their position in Stitch Fix Inc. [NASDAQ:SFIX] by around 14,819,634 shares. Additionally, 95 investors decreased positions by around 13,769,576 shares, while 48 investors held positions by with 48,105,206 shares. The mentioned changes placed institutional holdings at 76,694,416 shares, according to the latest SEC report filing. SFIX stock had 24 new institutional investments in for a total of 8,114,452 shares, while 34 institutional investors sold positions of 5,750,672 shares during the same period.

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