Investing In Stitch Fix Inc (NASDAQ: SFIX): Why Should You?

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. Earlier, Yahoo Finance discussed this stock as it revealed Stitch Fix Announces New Employee Inducement Grant.

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Stocks Info

The company is listed on the NASDAQ and operates within the Apparel Retail industry segment. The current market capitalization of Stitch Fix Inc is $414.97M. A total of 0.76 million shares were traded on the day, compared to an average of 0.51 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 20 SELLs from insiders. Insiders purchased 2,311,693 shares during that period but sold 232,228.

In the most recent transaction, O’Connor Casey sold 4,692 shares of SFIX for 3.24 per share on Jan 18. After the transaction, the Chief Legal Officer now owns 483,755 company shares. In a previous transaction on Dec 15, Barkema Sarah sold 17,651 shares at 4.15 per share. SFIX shares that Chief Accounting Officer owns now total 134,914.

Among the insiders who sold shares, O’Connor Casey disposed of 4,693 shares on Oct 18 at a per-share price of $3.42. This resulted in the Chief Legal Officer holding 308,853 shares of SFIX after the transaction. In another insider transaction, Barkema Sarah sold 34,309 shares at $3.10 per share on Oct 05. Company shares held by the Chief Accounting Officer now total 80,087.

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 $3.97 with high estimates of $5.00 and low estimates of $3.00. In terms of 52-week highs and lows, SFIX has a high of $5.48 and a low of $2.78.

As of this writing, SFIX has an earnings estimate of -$0.2 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.3. The company reported an EPS of -$0.24 in the last quarter, which was -14.30% lower than expectations of -$0.21.

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 $1.96, 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 2.73.

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