Stitch Fix Inc [NASDAQ: SFIX] traded at a high on Tuesday, posting a 0.44 gain after which it closed the day’ session at $4.60.
The results of the trading session contributed to over 8249569 shares changing hands. Over the past one week, the price volatility of Stitch Fix Inc stands at 6.52% while the volatility over the past one month is 5.88%.
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The market cap for SFIX stock reached $583.48 million, with 102.44 million shares outstanding and 96.87 million shares in the current float. Compared to the average trading volume of 2.29M shares, SFIX reached a trading volume of 8249569 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 $4.08 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 3.29. 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.
UBS have made an estimate for Stitch Fix Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 08, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price to Underperform. The new note on the price target was released on March 19, 2024, representing the official price target for Stitch Fix Inc stock. Previously, the target price had yet another raise to $4, while Wells Fargo analysts kept a Equal Weight rating on SFIX stock.
The Average True Range (ATR) for Stitch Fix Inc is set at 0.25, with the Price to Sales ratio for SFIX stock in the period of the last 12 months amounting to 0.44. The Price to Book ratio for the last quarter was 3.07, with the Price to Cash per share for the same quarter was set at 1.95. Price to Free Cash Flow for SFIX in the course of the last twelve months was 128.24 with Quick ratio for the last quarter at 1.32.
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 3.60. With this latest performance, SFIX shares gained by 21.69% in over the last four-week period, additionally plugging by 17.35% over the last 6 months – not to mention a rise of 15.29% 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 66.71, with the RSI for the last a single of trading hit 65.64, and the three-weeks RSI is set at 65.15 for Stitch Fix Inc [SFIX]. The present Moving Average for the last 50 days of trading for this stock 3.53, while it was recorded at 4.58 for the last single week of trading, and 3.28 for the last 200 days.
Stitch Fix Inc [SFIX]: Deeper insight into the fundamentals
Stitch Fix Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.32 and a Current Ratio set at 1.80.
Insider trade positions for Stitch Fix Inc [SFIX]
There are presently around $86.98%, or 92.89%% 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 11.98 million shares, which is approximately 9.8787%. BLACKROCK INC., holding 10.32 million shares of the stock with an approximate value of $$42.82 million in SFIX stocks shares; and BLACKROCK INC., currently with $$38.49 million in SFIX stock with ownership which is approximately 7.6474%.
