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Monday, December 4, 2023

Are Things Looking Up For Stitch Fix Inc (NASDAQ: SFIX)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Stitch Fix Inc (SFIX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -1.98%, to $3.47. The Stitch Fix Inc has recorded 11,978 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Stitch Fix Announces Date for First Quarter 2024 Earnings Release and Conference Call.

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Stocks Info

The company is listed on the NASDAQ and operates within the Apparel Retail industry segment. At the end of the last regular session, the stock closed at $3.54 and fluctuated between $3.6300 as its day high and $3.4000 as its day low. The current market capitalization of Stitch Fix Inc is $417.33M. A total of 1.37 million shares were traded on the day, compared to an average of 1.80M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SFIX has seen 4 BUY and 8 SELL insider trades, representing the acquisition of 185,612 and the disposition of 82,584 shares. Over the last 12 months, there were 15 BUYs and 24 SELLs from insiders. Insiders purchased 2,626,920 shares during that period but sold 286,119.

In the most recent transaction, O’Connor Casey sold 4,693 shares of SFIX for 3.42 per share on Oct 18. After the transaction, the Chief Legal Officer now owns 308,853 company shares. In a previous transaction on Oct 05, Barkema Sarah sold 34,309 shares at 3.10 per share. SFIX shares that Chief Accounting Officer owns now total 80,087.

Among the insiders who sold shares, O’Connor Casey disposed of 9,262 shares on Jul 20 at a per-share price of $4.21. This resulted in the Chief Legal Officer holding 284,346 shares of SFIX after the transaction. In another insider transaction, Barkema Sarah sold 10,000 shares at $5.00 per share on Apr 03. Company shares held by the Chief Accounting Officer now total 65,903.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SFIX in the last 3 months, the mean price target is $3.73 with high estimates of $5.00 and low estimates of $2.50. In terms of 52-week highs and lows, SFIX has a high of $6.03 and a low of $2.63.

As of this writing, SFIX has an earnings estimate of -$0.25 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.18 per share and a lower estimate of -$0.4. The company reported an EPS of -$0.19 in the last quarter, which was 36.70% higher than expectations of -$0.3.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SFIX’s latest balance sheet shows that the firm has $231.33M in Cash & Short Term Investments as of fiscal 2021. There were $147.32M in debt and $228.31M in liabilities at the time. Its Book Value Per Share was $2.18, while its Total Shareholder’s Equity was $460.85M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SFIX is Buy with a score of 2.71.

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