At the time of writing, Stitch Fix Inc [SFIX] stock is trading at $2.19, up 2.34%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SFIX shares have gain 1.86% over the last week, with a monthly amount drifted -11.34%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Mizuho started tracking the stock with Underperform rating on March 19, 2024, and set its price target to $2. On January 06, 2023, upgrade upgraded it’s rating to Equal Weight but maintained its price target of $4 on the stock. JP Morgan downgraded its rating to a Underweight. Telsey Advisory Group reiterated its recommendation of a Market Perform and reduced its price target to $5 on December 07, 2022. Canaccord Genuity downgraded its rating to Hold for this stock on September 21, 2022, but kept the price target unchanged to $7.
For the past year, the stock price of Stitch Fix Inc fluctuated between $2.06 and $5.20. 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 $2.19 at the most recent close of the market. An investor can expect a potential return of 271.69% based on the average SFIX price forecast.
Analyzing the SFIX fundamentals
According to Stitch Fix Inc [NASDAQ:SFIX], the company’s sales were 1.47B for trailing twelve months, which represents an -19.83% plunge. 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 2.11 points at the first support level, and at 2.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.24, and for the 2nd resistance point, it is at 2.28.
Stitch Fix Inc [SFIX] reported earnings per share of -$0.29 for its fiscal quarter that ended on 1/31/2024. 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 10/31/2023 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 is important to note that Stitch Fix Inc [NASDAQ:SFIX] has a current ratio of 1.80. As well, the Quick Ratio is 1.20, while the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 1.23.
Transactions by insiders
Recent insider trading involved O’Connor Casey, Chief Legal Officer, that happened on Apr 18 ’24 when 3004.0 shares were sold. Chief Accounting Officer, Barkema Sarah completed a deal on Mar 14 ’24 to sell 16311.0 shares. Meanwhile, Chief Legal Officer O’Connor Casey sold 4692.0 shares on Jan 18 ’24.
