The price of Stitch Fix Inc (NASDAQ:SFIX) shares last traded on Wall Street rose 44.35% to $6.64.
SFIX stock price is now 83.79% away from the 50-day moving average and 101.39% away from the 200-day moving average. The market capitalization of the company currently stands at $842.24M.
With the price target enhanced from $4 to $6, Telsey Advisory Group maintained Market Perform rating for Stitch Fix Inc (NASDAQ: SFIX). , while ‘Mizuho’ rates the stock as ‘Underperform’
In other news, BASELINE ENCORE, L.P., 10% Owner bought 265,400 shares of the company’s stock on Dec 11 ’24. The stock was bought for $1,565,860 at an average price of $5.90. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Director Lake Katrina bought 725,002 shares of the business’s stock. A total of $4,189,285 was incurred on buying the stock at an average price of $5.78. A total of 23.63% of the company’s stock is owned by insiders.
During the past 12 months, Stitch Fix Inc has had a low of $2.06 and a high of $5.05. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 1.73, and a quick ratio of 1.21. The fifty day moving average price for SFIX is $3.5333 and a two-hundred day moving average price translates $3.280675 for the stock.
The latest earnings results from Stitch Fix Inc (NASDAQ: SFIX) was released for 2024-08-03. The net profit margin was -7.71% and return on equity was -46.99% for SFIX. The company reported revenue of $319.55 million for the quarter, compared to $364.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.39 percent.
