With the Stock Down, Is It Time to Buy Stitch Fix? | 28.02.21 | finanzen.at

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28.02.2021 14:22:00

With the Stock Down, Is It Time to Buy Stitch Fix?

Stitch Fix (NASDAQ: SFIX) is one of the top-performing stocks coming off the broad market lows from March 2020. Shares traded for as little as $11, but they have rebounded tremendously, skirting past the $100 mark in January. However, since it broke through to triple digits, the stock has fallen around 30% and currently sits at around $76 per share. As long-term investors, is it time to hop on the Stitch Fix train with shares trading at a discount?Image source: Getty Images.One reason Stitch Fix stock has done so well since March is the performance of the underlying business. If you don't know, Stitch Fix is a data-focused online styling service. Users sign up and go through a measurement and styling quiz before the company sends a box to the client with five items of clothing (a "fix"). Stitch Fix charges a $20 styling fee for each fix, but it applies that fee to the purchase price as long as the customer keeps at least one item from the order. Customers enjoy a 25% discount if they keep everything from the fix.Continue reading
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