Stitch Fix Inc [NASDAQ: SFIX] loss -15.70% or -0.73 points to close at $3.92 with a heavy trading volume of 12349963 shares.
The daily chart for SFIX points out that the company has recorded 13.62% gains over the past six months.
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If we look at the average trading volume of 3.06M shares, SFIX reached to a volume of 12349963 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 $5.00 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.
Telsey Advisory Group have made an estimate for Stitch Fix Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on December 11, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on April 08, 2024, representing the official price target for Stitch Fix Inc stock. Previously, the target price had yet another raise to $2, while Mizuho analysts kept a Underperform rating on SFIX stock.
The Average True Range (ATR) for Stitch Fix Inc is set at 0.54, with the Price to Sales ratio for SFIX stock in the period of the last 12 months amounting to 0.32. The Price to Book ratio for the last quarter was 2.61, with the Price to Cash per share for the same quarter was set at 2.37.
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 -15.33. With this latest performance, SFIX shares gained by 3.43% in over the last four-week period, additionally plugging by 13.62% over the last 6 months – not to mention a drop of -9.47% 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 46.07, with the RSI for the last a single of trading hit 42.62, and the three-weeks RSI is set at 48.28 for Stitch Fix Inc [SFIX]. The present Moving Average for the last 50 days of trading for this stock 3.68, while it was recorded at 4.88 for the last single week of trading, and 3.31 for the last 200 days.
Stitch Fix Inc [SFIX]: A deeper dive into fundamental analysis
Stitch Fix Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.21 and a Current Ratio set at 1.73.
An analysis of Institutional ownership at 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%.
