Stitch Fix Inc. (NASDAQ:SFIX) currently has a daily average trading volume of 2.99M but it saw 2882704 shares traded on Thursday. With a market cap of 609.94M USD, stock’s current market price of $5.24 came rising about 0.77 while comparing to the previous closing price of $5.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.50 and as low as $2.63. In the recent trading on the day, stock has struck highest price mark of $5.39 while lowest mark touched by it was $5.01.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Taking a look at 20-day trading activity of Stitch Fix Inc. (SFIX) gives us an average price of $4.88, while its current price level is -54.43% below from 52-week high level whereas it is 99.24% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.64 while that of 200 days or SMA-200 reads an average of $4.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.09% during that period while stretching the period over a month that increases to 9.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.44 which implies that the stock is in neutral territory.
Stitch Fix Inc. (SFIX)’s stock is currently under the radar of 19 analysts who are in consensus at a 12-month price target range of between $3.00 and $6.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $3.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $6.00. Average price target assigned by them is $4.45 which highlights a downside potential of -17.75% for the stock over that period. And to attain the median price target of $4.30 assigned by those analysts, stock has to subtract about -21.86% of value to its current levels.
Data by FactSet Research shows that 19 analysts have issued their ratings for the stock. 2 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 17 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which upgraded the stock as “Equal Weight” in its note to investors issued on January 06, 2023, recommending a price target of $4 for it. Telsey Advisory Group issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $6 and $5.
Over the week, SFIX’s stock price is moving 5.01% up while it is 15.42% when we observe its performance for the past one month. Year-to-date it is 68.49% up and over the past year, the stock is showing a downside performance of -47.12%.
The latest quarterly earnings report issued by the company was for quarter ended 10/30/2022, when its quarterly earnings per share (EPS) of -$0.5 beaten by the consensus estimate of -$0.47 for the same. The company is expected to be releasing its next quarterly report in 06/08/2023, for which analysts forecasted an EPS of -$0.34 while estimate for next year EPS is -$1.44. For SFIX, analysts are forecasting an EPS-growth rate of 13.30% for current year and estimate for EPS growth in next year is 17.40%. In next quarter, company is expected to be making quarterly sales of $394.5 million as analysts are expecting the sales for current fiscal year at $1.65 billion and seeing the company making $1.71 billion in sales next year. Moreover, analysts are in estimates of $413.62 million for current-quarter revenue.
Currently, Stitch Fix Inc.’s total number of outstanding shares is 113.93M with 5.74% of that held by the insiders while 91.11% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -63.70% and return on equity (ROE) at -93.80%. Stock’s beta reads 2.22. Stock has a price to book (P/B) ratio of 2.34 while price to sale or P/S ratio amounts to 0.33. Its return on asset (ROA) is -39.00% on average.
As per SEC documents, Opportunity Trust sought 4,000,000 of company’s common stock of worth $18.64 million as per recent closing price of the stock. Opportunity Trust is not the only institutional holder which restructured its stake in Stitch Fix Inc., as Vanguard Total Stock Market Index picked 2,447,324 shares of worth $11.4 million to bring its holdings to a total of 0.26 million shares. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -0.32% in the company and now holds 1.84 million or 2.16% of the company’s stake having worth of about 8.58 million.
Leave a Reply