Stitch Fix Inc (NASDAQ:SFIX) shares, rose in value, with the stock price down by -4.24% to the previous day’s close as strong demand from buyers drove the stock to $2.26.
Actively observing the price movement in the last trading, the stock closed the session at $2.36. The value of beta (5-year monthly) was 1.92. Referring to stock’s 52-week performance, its high was $5.20, and the low was $2.15. On the whole, SFIX has fluctuated by -6.80% over the past month.
With the market capitalization of Stitch Fix Inc currently standing at about $271.58 million, investors are eagerly awaiting this quarter’s results, scheduled for Jun 04, 2024 – Jun 10, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.25, which is expected to increase to -$0.13 for fiscal year -$0.95 and then to about -$0.69 by fiscal year 2025. Data indicates that the EPS growth is expected to be 36.70% in 2025, while the next year’s EPS growth is forecast to be 27.40%.
Analysts have estimated the company’s revenue for the quarter at $306.08 million, with a low estimate of $304 million and a high estimate of $309.3 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.31 billion, representing a decrease of -20.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SFIX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SFIX currently trading nearly -6.50% and -23.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.02, while the 7-day volatility ratio is showing 6.71% which for the 30-day chart, stands at 6.83%. Furthermore, Stitch Fix Inc (SFIX)’s beta value is 1.92, and its average true range (ATR) is 0.18.
A comparison of Stitch Fix Inc (SFIX) with its peers suggests the former has fared considerably weaker in the market. SFIX showed an intraday change of -4.24% in last session, and over the past year, it shrunk by -55.34%%.
Data on historical trading for Stitch Fix Inc (NASDAQ:SFIX) indicates that the trading volumes over the past 10 days have averaged 1.84 million and over the past 3 months, they’ve averaged 1.65 million. According to company’s latest data on outstanding shares, there are 87.92 million shares outstanding.
Nearly 28.31% of Stitch Fix Inc’s shares belong to company insiders and institutional investors own 65.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.6 million shares as on Mar 15, 2024, resulting in a short ratio of 5.35. According to the data, the short interest in Stitch Fix Inc (SFIX) stood at 8.82% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.55 million. The stock has fallen by -36.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SFIX stock heading into the next quarter.
