Stitch Fix Inc [SFIX] stock prices are down -4.28% to $2.46 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SFIX shares have gain 9.33% over the last week, with a monthly amount drifted -23.36%, and not seem to be holding up well over a long-time horizon.
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On 13, March 2024, Stitch Fix Announces Appointment of Lillian Reaume as Chief People Officer. In a post published today on Yahoo Finance, Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, announced today that Lillian Reaume has joined the company as its Chief People Officer.
From an analyst’s perspective:
Stitch Fix Inc [NASDAQ: SFIX] stock has seen the most recent analyst activity on March 19, 2024, when Mizuho initiated its Underperform rating and assigned the stock a price target of $2. Previously, Wells Fargo upgraded its rating to Equal Weight on January 06, 2023, and kept the price target unchanged to $4. On December 20, 2022, downgrade downgraded it’s rating to Underweight. Telsey Advisory Group reiterated its Market Perform rating and decreased its price target to $5 on December 07, 2022. Canaccord Genuity downgraded its rating to a Hold but $7 remained the price target by the analyst firm on September 21, 2022.
The stock price of Stitch Fix Inc [SFIX] has been fluctuating between $2.15 and $5.48 over the past year. Currently, Wall Street analysts expect the stock to reach $8.14 within the next 12 months. Stitch Fix Inc [NASDAQ: SFIX] shares were valued at $2.46 at the most recent close of the market. An investor can expect a potential return of 230.89% based on the average SFIX price forecast.
Analyzing the SFIX fundamentals
The Stitch Fix Inc [NASDAQ:SFIX] reported sales of 1.47B for trailing twelve months, representing a drop of -19.83%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.23, Equity is -0.51 and Total Capital is -0.35. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.41 points at the first support level, and at 2.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.54, and for the 2nd resistance point, it is at 2.62.
Stitch Fix Inc [SFIX] reported earnings per share of -$0.29 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.2/share, meaning a difference of $-0.09 and a surprise factor of -45.00%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were -$0.22 per share as compared to estimates of -$0.23 per share, a difference of $0.01 representing a surprise of 4.30%.
Ratios To Look Out For
It’s worth pointing out that Stitch Fix Inc [NASDAQ:SFIX]’s Current Ratio is 1.80. Further, the Quick Ratio stands at 1.20, while the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 0.20, the price to book ratio is 1.39.
Transactions by insiders
Recent insider trading involved Barkema Sarah, Chief Accounting Officer, that happened on Mar 14 ’24 when 16311.0 shares were sold. Chief Legal Officer, O’Connor Casey completed a deal on Jan 18 ’24 to sell 4692.0 shares. Meanwhile, Chief Accounting Officer Barkema Sarah sold 17651.0 shares on Dec 15 ’23.
