JUMP REPORT
Avg Daily Volume: 2,298,433 Market Cap: 2.21B
Sector: None Short Interest: 22.89
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.03/share REV: 394.85/M
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LAST QTR: EPS: .05/share ACTUAL: .12/share (BEAT)
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NEXT QTR: EPS: -.03/share REV: 421.27/M
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FY19: EPS: .22/share REV: 1,550/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS HISTORY: 100% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) 39.8, -29.14 -36.02
POTENTIAL JUMP MOVE: 20%
Links To Latest News and Headlines
Stitch Fix (NASDAQ: SFIX) is ending the week on a high note thanks to a bullish analyst review. Analyst firm KeyBanc raised its price target on Stitch Fix from $65 to $95 per share early Friday morning. KeyBanc analyst Edward Yruma also reiterated his overweight rating on the stock, which means that he recommends accumulating Stitch Fix shares because they should beat the broader market over the next year or so.
The Covid-19 pandemic is still a very real threat, but many investors—and Americans in general—are looking forward toward a return to some sense of normalcy. Analyst Edward Yruma writes that “2021 will likely be a transition year,” given the huge surge in e-commerce growth.
Stitch Fix (SFIX) has been strengthening its digital capabilities, with the ‘direct buy’ facility contributing to performance.
Poshmark stock has more than doubled from its IPO price. CEO Manish Chandra sees the secondhand market ramping up for branded apparel and other goods as consumers embrace social selling.
The volatile ride doesn’t seem to end for this online retail stock. You shouldn’t take much away from today’s move other than this is a normal day for a volatile stock. For Stitch Fix, revenue is rising with a recently reported 10% increase in fiscal first quarter of 2021 revenue to $490 million.
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