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Stitch Fix Inc (SFIX) Analysis & Forecast for 2024

Stitch Fix Inc (NASDAQ: SFIX) is -26.05% lower on its value in year-to-date trading and has touched a low of $2.15 and a high of $5.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SFIX stock was last observed hovering at around $2.44 in the last trading session, with the day’s gains setting it 0.2%.

Currently trading at $2.64, the stock is 4.61% and -13.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing 8.20% at the moment leaves the stock -26.06% off its SMA200. SFIX registered -44.30% loss for a year compared to 6-month loss of -23.03%. The firm has a 50-day simple moving average (SMA 50) of $0.15 and a 200-day simple moving average (SMA200) of -$2.69.

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The stock witnessed a -18.27% gain in the last 1 month and extending the period to 3 months gives it a -28.65%, and is 2.72% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.59% over the week and 7.13% over the month.

Stitch Fix Inc (SFIX) has around 5860 employees, a market worth around $317.25M and $1.47B in sales. Profit margin for the company is -8.29%. Distance from 52-week low is 22.51% and -49.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.36%).

Stitch Fix Inc quarterly earnings per share for the current quarter are estimated at -$0.25 with sales reaching $306.25M over the same period.The EPS is expected to grow by 37.29% this year, but quarterly earnings will post -20.20% year-over-year.

Stitch Fix Inc (SFIX) Top Institutional Holders

244 institutions hold shares in Stitch Fix Inc (SFIX), with institutional investors hold 90.66% of the company’s shares. The shares outstanding are 87.92M, and float is at 86.15M with Short Float at 12.30%. Institutions hold 85.43% of the Float.

The top institutional shareholder in the company is Working Capital Advisors (UK) Ltd. with over 11.98 million shares valued at $46.12 million. The investor’s holdings represent 13.03% of the SFIX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.41 million shares valued at $36.25 million to account for 10.24% of the shares outstanding. The other top investors are Disciplined Growth Investors, Inc. which holds 6.13 million shares representing 6.67% and valued at over $23.61 million, while Vanguard Group Inc holds 6.12% of the shares totaling 5.62 million with a market value of $21.65 million.

Stitch Fix Inc (SFIX) Insider Activity

The most recent transaction is an insider sale by Barkema Sarah,the company’sChief Accounting Officer. SEC filings show that Barkema Sarah sold 16,311 shares of the company’s common stock on Mar 14 ’24 at a price of $2.24 per share for a total of $36542.0. Following the sale, the insider now owns 0.14 million shares.

Stitch Fix Inc disclosed in a document filed with the SEC on Jan 18 ’24 that O’Connor Casey (Chief Legal Officer) sold a total of 4,692 shares of the company’s common stock. The trade occurred on Jan 18 ’24 and was made at $3.24 per share for $15183.0. Following the transaction, the insider now directly holds 0.48 million shares of the SFIX stock.

Still, SEC filings show that on Dec 15 ’23, Barkema Sarah (Chief Accounting Officer) disposed off 17,651 shares at an average price of $4.15 for $73165.0. The insider now directly holds 134,914 shares of Stitch Fix Inc (SFIX).

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