Stitch Fix Inc (NASDAQ:SFIX) shares traded -39.47% lower at $2.27 on Wall Street last session.
SFIX stock price is now -41.84% away from the 50-day moving average and -31.22% away from the 200-day moving average. The market capitalization of the company currently stands at $277.71M.
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On March 19, 2024, Mizuho recently initiated its ‘Underperform’ rating on the stock quoting a target price of $2, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Bacos Anthony, Officer bought 20,720 shares of the company’s stock on Sep 13 ’24. The stock was bought for $78,424 at an average price of $3.78. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, Chief Prod/Technology Officer Bacos Anthony sold 20,720 shares of the business’s stock. A total of $78,322 was realized by selling the stock at an average price of $3.78. This leaves the insider owning 579,707 shares of the company worth $1.32 million. A total of 24.29% 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 0.63, a current ratio of 1.80, and a quick ratio of 1.32. The fifty day moving average price for SFIX is $3.8484 and a two-hundred day moving average price translates $3.2926 for the stock.
The latest earnings results from Stitch Fix Inc (NASDAQ: SFIX) was released for 2024-08-03. The net profit margin was -9.63% and return on equity was -54.74% for SFIX. The company reported revenue of $322.73 million for the quarter, compared to $383.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.83 percent.
