Why is stitch fix stock falling?

Why is stitch fix stock down?

Shares of Stitch Fix (NASDAQ:SFIX) were plunging after the personalized online styling service turned in disappointing results in its fiscal second quarter, missing both analyst estimates and the company’s own guidance. The company also lowered its full-year guidance, adding to investor concerns.

Is Stitch Fix losing money?

Stitch Fix’s loss narrowed to $18.8 million, or 18 cents per share, compared with a loss of $33.9 million, or 33 cents per share, a year earlier. … For fiscal 2021, Stitch Fix is now calling for revenue to be in the range of $2.07 billion to $2.08 billion, which would imply year-over-year growth of 20.9% to 21.5%.

Is stitch fix overvalued?

Valuation metrics show that Stitch Fix, Inc. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of SFIX, demonstrate its potential to underperform the market.

Who is Stitch Fix competitors?

Stitch Fix’s top competitors include QVC, TechStyle Fashion Group, Ascena Retail Group, Le Tote, Wantable, Trunk Club and DAILYLOOK.

How profitable is Stitch Fix?

Net income for the quarter was positive at $21 million, with Stitch Fix just missed a profitable year with a net loss of $9 million for fiscal 2021.

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Why is stitch fix up?

Stitch Fix shares jumped after the online shopping and styling service posted a surprise profit for its fiscal fourth quarter. The company reported nearly 4.2 million active clients, up 18% from a year earlier.

What is stitch fix direct-buy?

Stitch Fix has opened its direct-buy option up to the public, meaning customers do not need to be a subscriber to purchase individual pieces of clothing or shoes from its website. “It it will take time for consumers to know that it’s out there,” Chief Executive Elizabeth Spaulding said.

Is stitch fix a buy sell or hold?

Stitch Fix has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 7 buy ratings, 6 hold ratings, and 3 sell ratings.

Does Stitch Fix have any debt?

Stitch Fix debt/equity for the three months ending April 30, 2021 was 0.00. Stitch Fix, Inc. provides an online subscription and personal shopping platform.

Compare SFIX With Other Stocks.

Stock Name Xcel Brands (XELB)
Country United States
Market Cap $0.033B
PE Ratio 0.00

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