Short interest for Stitch Fix gives investors a sense of the degree to which investors are betting on the decline of Stitch Fix's stock. Short interest data is updated every two weeks.

Stitch Fix Stock (NASDAQ:SFIX), Short Interest Report

Stitch Fix

Stitch Fix Inc offers personal style services for men and women. The company engages in delivering one-to-one personalization to clients through the combination of data science and human judgment. It provides a shipment service called A FIX where the stylist's hand selects items from several merchandise with analysis of client and merchandise data to provide a personalized shipment of apparel, shoes, and accessories suited to the client's needs. The company offers products across categories, brands, product types, and price points including Women's, Petite, Maternity, Men's, and Plus. It also offers various product types, including denim, dresses, blouses, skirts, shoes, jewelry, and handbags, and sells merchandise across various ranges of price points.

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Stitch Fix Inc

<h3>Gainers</h3>
<ul>
<li>Pinstripes Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNST#NYSE">PNST</a>) shares increased by 18.6% to $3.38 during Monday's pre-market session. The market value of their outstanding shares is at $135.4 million. </li>
<li>CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) stock increased by 9.37% to $1.4. The market value of their outstanding shares is at $79.3 million. </li>
<li>Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) shares moved upwards by 9.37% to $0.98. The company's market cap stands at $23.5 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock moved upwards by 8.89% to $0.36. The market value of their outstanding shares is at $18.8 million. </li>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) shares moved upwards by 8.3% to $0.35. The company's market cap stands at $1.6 million. </li>
<li>Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) stock moved upwards by 7.64% to $30.14. The market value of their outstanding shares is at $29.9 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Bowlero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) stock declined by 9.9% to $11.25 during Monday's pre-market session. The company's market cap stands at $1.6 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares decreased by 7.71% to $0.25. The company's market cap stands at $12.8 million. </li>
<li>Amesite (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMST#NASDAQ">AMST</a>) stock fell 7.28% to $3.07. The market value of their outstanding shares is at $7.8 million. </li>
<li>Luminar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) stock declined by 7.15% to $1.56. The market value of their outstanding shares is at $695.0 million. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares decreased by 6.32% to $15.43. The company's market cap stands at $4.7 billion. </li>
<li>Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) shares decreased by 6.12% to $2.15. The market value of their outstanding shares is at $258.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) stock increased by 17.6% to $150.13 during Wednesday's pre-market session. The company's market cap stands at $199.4 billion. The company's, Q4 earnings came out today. </li>
<li>Vision Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) stock moved upwards by 14.24% to $0.67. The company's market cap stands at $7.8 million. </li>
<li>Topgolf Callaway Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MODG#NYSE">MODG</a>) stock rose 10.21% to $15.86. The market value of their outstanding shares is at $2.9 billion. </li>
<li>Yoshitsu Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) stock increased by 9.43% to $0.27. The company's market cap stands at $11.3 million. </li>
<li>Xcel Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELB#NASDAQ">XELB</a>) stock rose 6.61% to $0.87. The company's market cap stands at $17.2 million. </li>
<li>Conn's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CONN#NASDAQ">CONN</a>) shares moved upwards by 6.42% to $3.48. The market value of their outstanding shares is at $85.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) stock declined by 11.5% to $90.7 during Wednesday's pre-market session. The market value of their outstanding shares is at $4.0 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares decreased by 11.31% to $0.35. The company's market cap stands at $5.0 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) shares declined by 5.58% to $0.49. The market value of their outstanding shares is at $78.8 million. </li>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) shares decreased by 4.58% to $1.46. The company's market cap stands at $4.5 million. </li>
<li>JX Luxventure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JXJT#NASDAQ">JXJT</a>) stock fell 3.85% to $1.25. The company's market cap stands at $7.5 million. </li>
<li>Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) shares fell 3.5% to $2.21. The company's market cap stands at $265.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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During the last three months, 10 analysts shared their evaluations of Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Stitch Fix, revealing an average target of $3.21, a high estimate of $4.00, and a low estimate of $2.00. A 15.75% drop is evident in the current average compared to the previous average price target of $3.81. 
<img src="https://www.benzinga.com/files/images/story/2024/1710867666_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Stitch Fix. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Bellinger</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Underperform</td>
<td>$2.00</td>
<td>-</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$3.50</td>
<td>$4.00</td>
</tr>
<tr>
<td>Joseph Parkhill</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$3.40</td>
<td>$4.20</td>
</tr>
<tr>
<td>Erinn Murphy</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$2.25</td>
<td>$3.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$3.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Maria Ripps</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$3.50</td>
<td>$4.00</td>
</tr>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$3.00</td>
<td>$3.50</td>
</tr>
<tr>
<td>Aneesha Sherman</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$3.40</td>
<td>$4.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$4.00</td>
<td>-</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$4.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Stitch Fix. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Stitch Fix compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Stitch Fix's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SFIX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Stitch Fix analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Stitch Fix Better</h2>
Stitch Fix Inc offers personal style services for men and women. The company engages in delivering one-to-one personalization to clients through the combination of data science and human judgment. It provides a shipment service called A FIX where the stylist's hand selects items from several merchandise with analysis of client and merchandise data to provide a personalized shipment of apparel, shoes, and accessories suited to the client's needs. The company offers products across categories, brands, product types, and price points including Women's, Petite, Maternity, Men's, and Plus. It also offers various product types, including denim, dresses, blouses, skirts, shoes, jewelry, and handbags, and sells merchandise across various ranges of price points.
<h3>Breaking Down Stitch Fix's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Stitch Fix faced challenges, resulting in a decline of approximately -17.53% in revenue growth as of 31 January, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Stitch Fix's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -10.75%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -16.0%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Stitch Fix's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -6.11%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Stitch Fix's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.65.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Stitch Fix Stock: Analyst Perspectives (10 Ratings)

WIIM

Stitch Fix shares are trading lower after Mizuho initiated coverage on the stock with an Underperform rating and a price target of $2.

Mizuho analyst David Bellinger initiates coverage on Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Underperform rating and announces Price Target of $2.

Price Target

Initiation

Mizuho Initiates Coverage On Stitch Fix with Underperform Rating, Announces Price Target of $2

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Standard Motor Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smp#NYSE">SMP</a>)</h3>
<ul>
<li>On Feb. 22, Standard Motor Products reported worse-than-expected fourth-quarter financial results and issued guidance. Mr. Eric Sills, Standard Motor Products&#39; Chairman and Chief Executive Officer stated, &quot;Overall we were disappointed in our results. Sales were down 1% in 2023, with the fourth quarter finishing softer than expected, down 5.7% from last year. As we look at our two end markets, we were very pleased with the continued solid performance in our Engineered Solutions business as we experienced strong growth with both new and existing customers.&quot; The company&rsquo;s stock fell around 22% over the past month and has a <a href="https://www.benzinga.com/quote/SMP">52-week low of $30.09 </a>.</li>
<li>RSI Value: 29.40</li>
<li>SMP Price Action: Shares of Standard Motor Products gained 0.4% to close at $31.14 on Wednesday.</li>
</ul>
<h3>Foot Locker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fl#NYSE">FL</a>)</h3>
<ul>
<li>On March 6, Foot Locker reported fourth-quarter FY23 sales growth of 2% year-on-year to $2.38 billion, beating the analyst consensus estimate of $2.28 billion. The company&rsquo;s stock fell around 23% over the past month. It <a href="https://www.benzinga.com/quote/FL"> has a 52-week low </a> of $14.84.</li>
<li>RSI Value: 28.57</li>
<li>FL Price Action: Shares of Foot Locker fell 4.8% to close at $23.18 on Wednesday.</li>
</ul>
<h3>Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>)</h3>
<ul>
<li>On March 4, Stitch Fix reported quarterly losses of 30 cents per share which missed the analyst consensus estimate of losses of 20 cents per share. &ldquo;The original Stitch Fix vision, to create an easier and more enjoyable way for people to shop for clothing and accessories, remains both relevant and compelling,&rdquo; said Matt Baer, CEO of Stitch Fix. The company&rsquo;s stock fell around 38% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/SFIX"> low of $2.30.</a></li>
<li>RSI Value: 28.03</li>
<li>SFIX Price Action: Shares of Stitch Fix fell 0.9% to close at $2.32 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37657563/1-5m-bet-on-this-tech-stock-check-out-these-3-stocks-insiders-are-buying"> $1.5M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying </a>

Volatility knocked on the doors of Wall Street on Tuesday, with major indices all in the red during midday trading as mega-cap <a href="https://www.benzinga.com/markets">tech stocks plunged simultaneously.</a>
All the Magnificent Seven names experienced losses. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) nosedived over 4%, while Apple Inc. (NASDAQ AAPL) shed 2.7%, marking its fifth consecutive session of losses. This decline followed a report indicating a 24% drop in iPhone sales in China during the first six weeks of 2024.
On the data front, signals were mixed. The ISM Services PMI reported a lower-than-expected expansion in February, and factory orders <a href="https://www.benzinga.com/economics/macro-economic-events/24/03/37486465/service-sector-expands-for-14th-consecutive-month-contrasted-by-largest-factory-o">sharply declined in January.</a>
Elsewhere, Bitcoin continued to seize headlines. The largest cryptocurrency surged past all-time highs above $69,000 before plunging by 6% just minutes after reaching the milestone, reflecting some profit-taking behavior among investors.
Meanwhile, Treasury yields experienced a modest downturn as investors pondered the increasing likelihood of Federal Reserve interest rate cuts for the first half of 2024. This ignited gains in long-dated Treasuries, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) up 1.2%.
Gold rallied for the fifth consecutive day, reaching an intraday high of $2,141/oz, effectively flirting with the all-time highs reached last December at $2,146.
<h2 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-Day %Chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,047.85</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,678.32</td>
<td>-0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,085.84</td>
<td>-0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,913.42</td>
<td>-1.7%</td>
</tr>
<tr>
<td>CBOE VIX</td>
<td>14.38</td>
<td>6.6%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.9% to $508.02, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.7% to $387.42 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tumbled 1.7% to $436.45, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
The&nbsp;Energy&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), was the outperformer, up by 1.3%, while the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) sharply underperformed, down 2.4%.&nbsp;
<h2 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h2>
<ul>
<li>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) rose 17% after KBW analysts noted plans to sell mortgage-servicing rights, boosting capital to bolster its balance sheet and mitigate potential real estate loan losses.</li>
<li>Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) rose over 12% after better-than-expected quarterly results. </li>
<li>Albemarle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) declined by more than 11% following a nearly 7% drop on Tuesday, triggered by the company&#8217;s disclosure of plans to raise capital through a $2 billion issuance of depositary shares.</li>
<li>GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) shares tumbled 22.4% to $57.80 after the company issued FY25 earnings guidance below estimates.</li>
<li>Other companies reacting to earnings were Paymentus Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) (up over 24%) and Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) (down over 19%).</li>
<li>SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) plummeted over 13% as the fintech company unveiled intentions to offer $750 million of convertible senior notes due in 2029, thereby heightening dilution risks for shareholders.</li>
<li>Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>), Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>), Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>), CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) will report after the close.</li>
</ul>
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Image created using artificial intelligence with Midjourney.

Bears Prowl Wall Street As Magnificent 7 Tumble; Bitcoin Sinks After Record High: What's Driving Markets Tuesday?

Shares of SOPHiA GENETICS SA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soph#NASDAQ">SOPH</a>) fell sharply during Tuesday&rsquo;s session after the company reported worse than expected fourth-quarter earnings and issued 2024 guidance.
Sophia Genetics posted GAAP loss of 37 cents per share, versus market expectations for a loss of 27 cents per share. The company&rsquo;s quarterly sales came in at $17.05 million, missing estimates of $17.33 million.
SOPHiA GENETICS shares tumbled 19% to $4.55 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Sunshine Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbfm#NASDAQ">SBFM</a>) climbed 146.3% to $0.1106 after dipping 19% on Monday. Sunshine Biopharma recently announced closing of $10.0 million underwritten public offering.</li>
<li>Airship AI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aisp#NASDAQ">AISP</a>) climbed 93.3% to $3.16 after the company announced that it has been awarded a contract with the Department of Justice for its Acropolis Enterprise Sensor Management video and data management platform.</li>
<li>Bruush Oral Care Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brsh#NASDAQ">BRSH</a>) surged 42.9% to $0.0686.</li>
<li>Apogee Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apge#NASDAQ">APGE</a>) shares jumped 41.6% to $59.10 after the company announced interim results from its Phase 1 healthy volunteer trial for APG777. Also, the company reported FY23 financial results.</li>
<li>Dave Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dave#NASDAQ">DAVE</a>) gained 39.8% to $30.62 after the company reported a year-over-year increase in fourth-quarter revenue results.</li>
<li>CareMax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmax#NASDAQ">CMAX</a>) rose 38.1% to $10.65.</li>
<li>Enviva Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eva#NYSE">EVA</a>) gained 26.4% to $0.6571.</li>
<li>AeroVironment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avav#NASDAQ">AVAV</a>) shares surged 24.8% to $163.05 after the company reported better-than-expected results for its fourth quarter. The company said it sees FY24 adjusted earnings of $2.69 to $2.83 per share on revenue of $700 million to $710 million.</li>
<li>INNOVATE Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vate#NASDAQ">VATE</a>) rose 24.4% to $0.90. The company reported fourth quarter financial results.</li>
<li>Ocean Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocea#NASDAQ">OCEA</a>) climbed 24.3% to $5.07.</li>
<li>Paymentus Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pay#NYSE">PAY</a>) rose gained 20.3% to $19.67 after the company reported better-than-expected fourth quarter financial results.</li>
<li>BeyondSpring Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bysi#NASDAQ">BYSI</a>) gained 20.1% to $1.97.</li>
<li>bioAffinity Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biaf#NASDAQ">BIAF</a>) climbed 19.4% to $2.83. bioAffinity Technologies reported accelerating sales growth of CyPath&reg; Lung.</li>
<li>XORTX Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xrtx#NASDAQ">XRTX</a>) gained 18.4% to $4.18.</li>
<li>Cardio Diagnostics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdio#NASDAQ">CDIO</a>) rose 17.9% to $1.52 after the company announced that the U.S. Patent and Trademark Office issued a notice of allowance for U.S. Application No. 17,857,723 Titled Compositions And Methods For Detecting Predisposition To Cardiovascular Disease.</li>
<li>Phunware, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phun#NASDAQ">PHUN</a>) shares rose 17.2% to $14.56. Phunware shares jumped 75% on Monday amid volatility in Trump-related stocks after Donald Trump won the Missouri and Idaho Republican caucuses. Also, the Supreme Court ruled that Colorado can&#39;t remove Donald Trump from the Republican primary ballot in the state.</li>
<li>3D Systems Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ddd#NYSE">DDD</a>) jumped 14.7% to $4.7150. 3D Systems announced additional partial repurchase of convertible senior notes.</li>
<li>Fresenius Medical Care AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fms#NYSE">FMS</a>) gained 12.2% to $20.95. Fresenius Medical Care achieved next milestone in portfolio optimization program, announcing sale of dialysis clinics in Brazil, Colombia, Chile, Ecuador.</li>
<li>New York Community Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NASDAQ">NYCB</a>) gained 11.3% to $3.0411 after falling 23% on Monday. New York Community Bancorp last week announced that it identified material weaknesses in its internal controls and replaced its CEO.</li>
<li>Vicarious Surgical Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbot#NYSE">RBOT</a>) rose 7.8% to $0.3880 after the company reported quarterly financial results.</li>
<li>DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) gained 7.4% to $135.14. DaVita entered into agreement to expand operations in Brazil and Colombia, enter Chile and Ecuador.</li>
<li>Momentus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnts#NASDAQ">MNTS</a>) shares rose 7% to $0.8345 after the company was awarded a contract from NASA.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Quoin Pharmaceuticals, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qnrx#NASDAQ">QNRX</a>) shares fell 46.2% to $1.56 after the company announced the pricing of a $6.5 million public offering.</li>
<li>Crawford &amp; Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crd-a#NYSE">CRD-A</a>) fell 27.7% to $9.04 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Ekso Bionics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ekso#NASDAQ">EKSO</a>) fell 24.8% to $1.58 after the company reported mixed fourth-quarter financial results.</li>
<li>ThredUp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tdup#NASDAQ">TDUP</a>) fell 23.3% to $1.8099 after reporting fourth-quarter results.</li>
<li>Lipella Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lipo#NASDAQ">LIPO</a>) fell 22.5% to $0.7909. Lipella Pharmaceuticals announced FDA clearance of IND for LP-410 for oral graft-versus-host disease, advancing clinical pipeline.</li>
<li>Kineta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ka#NASDAQ">KA</a>) fell 21% to $0.7983.</li>
<li>Eyenovia, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eyen#NASDAQ">EYEN</a>) dipped 21% to $1.8006.</li>
<li>Semrush Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/semr#NYSE">SEMR</a>) fell 19.9% to $10.42 after the company reported fourth-quarter financial results.</li>
<li>BitFuFu Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fufu#NASDAQ">FUFU</a>) fell 19.3% to $10.60. BitFuFu shares jumped around 106% on Monday amid volatility following the company&#39;s recent business combination with Arisz Acquisition Corp and listing on the Nasdaq.</li>
<li>GitLab Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtlb#NASDAQ">GTLB</a>) shares fell 19.2% to $60.16 after the company issued FY25 earnings guidance below estimates.</li>
<li>Sidus Space, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sidu#NASDAQ">SIDU</a>) declined 19.2% to $4.58.</li>
<li>Yiren Digital Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yrd#NYSE">YRD</a>) fell 16.3% to $4.60.</li>
<li>Cara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cara#NASDAQ">CARA</a>) fell 16.2% to $0.8375 following downbeat fourth-quarter results.</li>
<li>Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) shares dipped 15.7% to $2.7650 after the company reported worse-than-expected second-quarter financial results and issued a weak revenue forecast for FY24.</li>
<li>Lotus Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lot#NASDAQ">LOT</a>) fell 15.6% to $5.66.</li>
<li>Zhongchao Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zcmd#NASDAQ">ZCMD</a>) fell 13.8% to $ 2.73.</li>
<li>CECO Environmental Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceco#NASDAQ">CECO</a>) dipped 13.8% to $19.74 despite better-than-expected fourth-quarter financial results and raised guidance.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) shares declined 13.5% to $1.27. Renalytix shares jumped 41% on Monday after the company announced that it received an unsolicited approach from a publicly listed strategic diagnostics company.</li>
<li>Powell Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/powl#NASDAQ">POWL</a>) tumbled 12.4% to $161.88.</li>
<li>Vivakor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vivk#NASDAQ">VIVK</a>) shares fell 12.3% to $0.93 after jumping around 30% on Monday. Vivakor signed a definitive merger agreement with Empire Diversified Energy for a combined enterprise value of approximately $250 million.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) shares declined 12.1% to $1,172.93 after the company announced a proposed private offering of $600 million of convertible senior notes.</li>
<li>AxoGen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axgn#NASDAQ">AXGN</a>) fell 12.1% to $9.31 following fourth-quarter financial results.</li>
<li>MingZhu Logistics Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ygmz#NASDAQ">YGMZ</a>) shares fell 11.2% to $0.4785 after gaining over 12% on Monday. MingZhu Logistics Holdings signed a non-binding letter of intent (LOI) to acquire driverless auto technologies and intellectual property (IP) portfolio valued between $80 million and $90 million.</li>
<li>Albemarle Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>) shares fell 11.9% to $117.40 after the company announced a proposed public offering of depositary shares.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tndm#NASDAQ">TNDM</a>) dipped 11% to $27.73 after the company announced a proposed $250 million private placement of convertible notes due 2029.</li>
<li>Amer Sports, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/as#NYSE">AS</a>) fell 10.1% to $15.59 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY24 EPS guidance below estimates.</li>
<li>Ainos, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aimd#NASDAQ">AIMD</a>) shares fell 9.8% to $1.28 after surging 35% on Monday.</li>
<li>Samsara Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iot#NYSE">IOT</a>) fell 9% to $32.65.</li>
<li>MongoDB, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdb#NASDAQ">MDB</a>) fell 8.2% to $ 402.84.</li>
<li>Sprout Social, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spt#NASDAQ">SPT</a>) fell 8% to $58.96.</li>
<li>e.l.f. Beauty, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elf#NYSE">ELF</a>) declined 7.5% to $193.29.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/03/37481565/top-5-materials-stocks-that-are-ticking-portfolio-bombs"> Top 5 Materials Stocks That Are Ticking Portfolio Bombs </a>

CRD-A

Why SOPHiA GENETICS Shares Are Trading Lower By 19%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) stock moved upwards by 16.9% to $3.74 during Tuesday's regular session. The market value of their outstanding shares is at $391.4 million. The company's, Q4 earnings came out 3 days ago. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares increased by 14.71% to $0.46. The market value of their outstanding shares is at $6.5 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock rose 11.29% to $0.27. The market value of their outstanding shares is at $8.5 million. </li>
<li>Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) stock rose 11.1% to $1.98. The market value of their outstanding shares is at $4.2 million. </li>
<li>Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) shares rose 10.0% to $0.77. The company's market cap stands at $15.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) stock declined by 23.1% to $1.81 during Tuesday's regular session. The market value of their outstanding shares is at $194.6 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>JOANN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOAN#NASDAQ">JOAN</a>) shares declined by 22.85% to $0.22. The company's market cap stands at $9.2 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) stock fell 19.82% to $2.55. The market value of their outstanding shares is at $6.2 million. </li>
<li>Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) stock decreased by 19.21% to $2.65. The market value of their outstanding shares is at $312.4 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Hour Loop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOUR#NASDAQ">HOUR</a>) stock declined by 11.19% to $1.27. The market value of their outstanding shares is at $44.5 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXA#NASDAQ">CNXA</a>) shares decreased by 10.5% to $0.24. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CONNEXA SPORTS TECH INC by Connexa Sports Technologies Inc.

CNXA

HOUR

JOAN

JWEL

REAL

SVMH

11 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session

Truist Securities analyst Youssef Squali maintains Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Hold and lowers the price target from $4 to $3.5.

Truist Securities Maintains Hold on Stitch Fix, Lowers Price Target to $3.5

UBS analyst Joseph Parkhill maintains Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Neutral and lowers the price target from $4.2 to $3.4.

UBS Maintains Neutral on Stitch Fix, Lowers Price Target to $3.4

Piper Sandler analyst Erinn Murphy maintains Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Underweight and lowers the price target from $3 to $2.25.

Piper Sandler Maintains Underweight on Stitch Fix, Lowers Price Target to $2.25

Wedbush analyst Tom Nikic maintains Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Neutral and lowers the price target from $4 to $3.

Wedbush Maintains Neutral on Stitch Fix, Lowers Price Target to $3

Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) reported worse-than-expected second-quarter financial results and issued&nbsp;<a href="https://www.benzinga.com/quote/sfix/earnings">weak revenue forecast for FY24.</a>
Stitch Fix reported quarterly losses of 30 cents per share which missed the analyst consensus estimate of losses of 20 cents per share. Quarterly sales came in at $330.4 million, missing the analyst consensus estimate of $330.85 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
&ldquo;The original Stitch Fix vision, to create an easier and more enjoyable way for people to shop for clothing and accessories, remains both relevant and compelling,&rdquo; said Matt Baer, CEO of Stitch Fix. &ldquo;Our transformation efforts are grounded in fully realizing that vision and include both strengthening the foundation of our company and reimagining our client experience. I am encouraged by the progress we continue to make and am confident we have the right strategic priorities in place to set us up to drive sustainable, profitable growth.&rdquo;
Stitch Fix sees third-quarter revenue of between $300 million and $310 million, versus the $322.29 million estimate. The company expects fiscal year 2024 revenue of between $1.29 billion and $1.32 billion, versus the $1.35 billion consensus estimate.
Stitch Fix shares gained 2.2% to close at $3.28 on Monday.
These analysts made changes to their price targets on Stitch Fix after the company reported quarterly results.
<ul>
<li>Bernstein cut the price target on Stitch Fix from $4 to $3.4. Bernstein analyst Aneesha Sherman maintained a Market Perform rating.</li>
<li>Wells Fargo lowered the price target on Stitch Fix from $3.5 to $3. Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating.</li>
<li>Canaccord Genuity slashed the price target on Stitch Fix from $4 to $3.5. Canaccord Genuity analyst Maria Ripps maintained a Hold rating.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37474323/stitch-fix-target-and-3-stocks-to-watch-heading-into-tuesday"> Stitch Fix, Target And 3 Stocks To Watch Heading Into Tuesday</a>

Earnings

These Analysts Cut Their Forecasts On Stitch Fix After Weak Q2 Results

<h3>Gainers</h3>
<ul>
<li>Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) stock rose 12.7% to $0.79 during Tuesday's pre-market session. The market value of their outstanding shares is at $15.9 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) stock moved upwards by 8.49% to $3.45. The company's market cap stands at $8.5 million. </li>
<li>BARK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>) stock rose 8.25% to $1.34. The market value of their outstanding shares is at $237.8 million. </li>
<li>First Watch Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>) shares moved upwards by 7.97% to $27.49. The market value of their outstanding shares is at $1.6 billion. As per the press release, Q4 earnings came out today. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock rose 7.53% to $0.26. The company's market cap stands at $8.3 million. </li>
<li>Nerdy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRDY#NYSE">NRDY</a>) stock moved upwards by 7.24% to $2.96. The market value of their outstanding shares is at $316.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) stock decreased by 13.1% to $2.85 during Tuesday's pre-market session. The company's market cap stands at $335.9 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) stock declined by 8.9% to $2.15. The market value of their outstanding shares is at $230.5 million. The company's, Q4 earnings came out yesterday. </li>
<li>Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) stock fell 7.05% to $6.6. The company's market cap stands at $664.0 million. </li>
<li>Amer Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) stock declined by 6.0% to $16.3. The market value of their outstanding shares is at $8.2 billion. </li>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) shares fell 5.32% to $1.3. The company's market cap stands at $4.0 million. </li>
<li>Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) stock declined by 5.25% to $7.05. The company's market cap stands at $1.8 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BARK

FWRG

GSX Techedu Inc. American Depositary Shares

GOTU

JMIA

NRDY

12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

Shares of Paymentus Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pay#NYSE">PAY</a>) rose sharply in today&rsquo;s pre-market trading after the company reported better-than-expected fourth quarter financial results.
Paymentus reported quarterly earnings of 11 cents per share which beat the analyst consensus estimate of 7 cents per share. Quarterly sales clocked in at $164.8 million which beat the analyst consensus estimate of $157.416 million.
Paymentus Holdings shares jumped 18.3% to $19.34 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Zhongchao Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zcmd#NASDAQ">ZCMD</a>) gained 79.8% to $5.70 in pre-market trading. Zhongchao recently announced a 1-for-10 share consolidation.</li>
<li>Momentus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnts#NASDAQ">MNTS</a>) shares rose 46.2% to $1.14 in pre-market trading after the company was awarded a contract from NASA.</li>
<li>Phunware, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phun#NASDAQ">PHUN</a>) shares rose 30.2% to $16.16 in pre-market trading. Phunware shares jumped 75% on Monday amid volatility in Trump-related stocks after Donald Trump won the Missouri and Idaho Republican caucuses. Also, the Supreme Court ruled that Colorado can&#39;t remove Donald Trump from the Republican primary ballot in the state.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbfm#NASDAQ">SBFM</a>) gained 19.3% to $0.0536 in pre-market trading after dipping 19% on Monday. Sunshine Biopharma recently announced closing of $10.0 million underwritten public offering.</li>
<li>AeroVironment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avav#NASDAQ">AVAV</a>) shares surged 19.1% to $155.50 in pre-market trading after the company reported better-than-expected results for its fourth quarter. The company said it sees FY24 adjusted earnings of $2.69 to $2.83 per share on revenue of $700 million to $710 million.</li>
<li>Vicarious Surgical Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbot#NYSE">RBOT</a>) rose 15.2% to $0.4149 in pre-market trading after the company reported quarterly financial results.</li>
<li>NKGen Biotech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkgn#NASDAQ">NKGN</a>) climbed 13.5% to $0.9480 in pre-market trading. NKGen Biotech will present data on SNK01 in Alzheimer&#39;s disease at the Tau2024 Global Conference Mar. 25-26.</li>
<li>China Jo-Jo Drugstores, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cjjd#NASDAQ">CJJD</a>) shares gained 12.8% to $3.00 in pre-market trading after declining 9% on Monday. China Jo-Jo Drugstores recently announced a 1-for-20 reverse stock split.</li>
<li>New York Community Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NASDAQ">NYCB</a>) gained 6.3% to $2.90 in pre-market trading after falling 23% on Monday. New York Community Bancorp last week announced that it identified material weaknesses in its internal controls and replaced its CEO.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Quoin Pharmaceuticals, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qnrx#NASDAQ">QNRX</a>) fell 28.3% to $2.08 in pre-market trading. Quoin Pharmaceuticals shares gained over 3% on Monday after the company announced FDA clearance to recruit teen subjects into both of its ongoing Netherton Syndrome clinical studies.</li>
<li>GitLab Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtlb#NASDAQ">GTLB</a>) shares tumbled 22.4% to $57.80 after the company issued FY25 earnings guidance below estimates.</li>
<li>Ekso Bionics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ekso#NASDAQ">EKSO</a>) fell 17.6% to $1.73 pre-market trading after the company reported mixed fourth-quarter financial results.</li>
<li>Cara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cara#NASDAQ">CARA</a>) fell 16.7% to $0.8325 in pre-market trading following downbeat fourth-quarter results.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) shares declined 15% to $1.25 in pre-market trading. Renalytix shares jumped 41% on Monday after the company announced that it received an unsolicited approach from a publicly listed strategic diagnostics company.</li>
<li>Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) shares dipped 14.5% to $2.80 in pre-market trading after the company reported worse-than-expected second-quarter financial results and issued a weak revenue forecast for FY24.</li>
<li>Ainos, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aimd#NASDAQ">AIMD</a>) shares fell 12.5% to $1.24 in pre-market trading after surging 35% on Monday.</li>
<li>Vivakor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vivk#NASDAQ">VIVK</a>) shares fell 11.4% to $0.9397 in pre-market trading after jumping around 30% on Monday. Vivakor signed a definitive merger agreement with Empire Diversified Energy for a combined enterprise value of approximately $250 million.</li>
<li>Ethereal Tech PTE. Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fufu#NASDAQ">FUFU</a>) shares declined 11.4% to $11.62 in pre-market trading. BitFuFu shares jumped around 106% on Monday amid volatility following the company&#39;s recent business combination with Arisz Acquisition Corp and listing on the Nasdaq.</li>
<li>MingZhu Logistics Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ygmz#NASDAQ">YGMZ</a>) shares fell 10.9% to $0.48 in pre-market trading after gaining over 12% on Monday. MingZhu Logistics Holdings signed a non-binding letter of intent (LOI) to acquire driverless auto technologies and intellectual property (IP) portfolio valued between $80 million and $90 million.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37474323/stitch-fix-target-and-3-stocks-to-watch-heading-into-tuesday"> Stitch Fix, Target And 3 Stocks To Watch Heading Into Tuesday</a>

CJJD

NKGN

Why Paymentus Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket

Canaccord Genuity analyst Maria Ripps maintains Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Hold and lowers the price target from $4 to $3.5.

Canaccord Genuity Maintains Hold on Stitch Fix, Lowers Price Target to $3.5

Stitch Fix shares are trading lower after the company reported worse-than-expected Q2 financial results and issued Q3 and FY24 revenue guidance below estimates. Also, Bernstein and Wells Fargo lowered their respective price targets on the stock.

Wells Fargo analyst Ike Boruchow maintains Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Equal-Weight and lowers the price target from $3.5 to $3.

Wells Fargo Maintains Equal-Weight on Stitch Fix, Lowers Price Target to $3

After soaring to record highs last week, traders are taking a wait-and-see approach as they anticipate a series of upcoming market-moving events.&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37464820/stocks-stall-magnificent-7-crack-as-apple-tesla-and-google-face-headwinds-bitcoin-g" rel="noreferrer noopener">Following Monday&#8217;s pullback</a>, stock futures are trading slightly down on Tuesday morning, with mega-cap tech leading the decline.
Analysts suggest this pre-market weakness may reflect traders taking profits ahead of key events this week, including Federal Reserve Chair Jerome Powell&#8216;s Congressional testimony.
Cues From Monday&#8217;s Session:
Stocks reversed course on Monday, with concerns about overbought conditions prompting investors to exercise caution.
The major averages opened lower and remained mostly flat throughout the day, except for a brief rally in late afternoon trading.
The S&amp;P 500 and the Nasdaq Composite retreated from their all-time highs, while small-cap stocks in the Russell 2,000 Index showed stronger resilience, only declining in late trading.
Defensive sectors like utilities and real estate led the gains, while communication services, consumer discretionary, and energy stocks faced significant selling pressure.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.41%</td>
<td>16,207.51</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.12%</td>
<td>5,130.95</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.25%</td>
<td>38,989.83</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.10%</td>
<td>2,074.31</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
A fund manager on Monday reaffirmed his bullish stance on equities. &#8220;While some investors are now questioning the strength across so many market sectors, and the surprising lack of hedging for an inevitable&nbsp;correction, it is interesting to note that&nbsp;historically, when the S&amp;P is up in the first 2 months of the year, it has a positive full-year return 96% of&nbsp;the time, with an annual increase of 20.2%,&#8221; said Louis Navellier. 
&#8220;When&nbsp;a pullback comes, it seems likely that money will flow off the sidelines seeing it as a buying opportunity. The trend remains clearly positive.&#8221;
&#8220;So far, 2024 has shaped up to be similar to 1999, which was the last year when most &#8216;smid&#8217; cap stocks more than doubled,&#8221; Navellier said. &#8220;I am very hopeful that 2024 will be even better than 1999, so hang on and enjoy the ride.&#8221;
Futures Today Futures Performance On Tuesday ( as of 6 a.m. ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.60%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.25%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.08%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.27%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) slipped 0.25% to $511.02 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.61% to $441.32, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Commerce Department is due to release its factory goods orders report for January at 10 a.m. ET. Economists, on average, call for a 3.1% month-over-month drop in factory goods orders following a 0.2% increase in December. The Commerce Department said last week durable goods, which make up the bulk of factory goods orders, fell 6.1% in January. Much of the decline was due to weak transportation orders. Excluding the volatile transportation orders, durable goods orders fell a more modest 0.3%.
S&amp;P Global&#8217;s final U.S. service sector purchasing managers&#8217; index, due at 9:45 a.m. ET, is expected at 51.4 for February versus 52.4 in January.
The Institute of Supply Management will release the results of its non-manufacturing survey for February at 10 a.m. ET. The non-manufacturing PMI is likely to come in at 53, down from 533.4 in January.
Fed Vice Chair for Supervision Michael Barr is scheduled to speak at noon ET and 3:30 p.m. ET.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) jumped over 18.5% in premarket trading following the company&#8217;s quarterly earnings announcement.</li>
<li>Among the other stocks reacting to earnings are GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) (down over 24%), Paymentus Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) (up over 18%) and Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) (down over 13%.</li>
<li>Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) is due to report its quarterly results ahead of the market open, while Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>), Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>), Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>), CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) will report after the close.</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures edged down 0.09% to $78.67 in early European session on Tuesday after the commodity fell 1.54% on Monday. The yield on the benchmark 10-year Treasury note fell 0.031 percentage points to 4.188%.
Asian stocks closed mostly lower, as they took cues from the negative close on Wall Street overnight. The Hong Kong market fell by the most, with most other markets seeing modest losses. On the other hand, the Chinese, New Zealand, and Taiwanese markets bucked the downtrend.
The major European markets showed nervousness in early trading on Tuesday.
Among the other financial markets, gold futures extended their gains to hit new highs and the cryptocurrency rally continued, led by Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). The apex crypto is trading shy of the $67,000 level.
See Also: <a href="https://www.benzinga.com/news/large-cap/24/03/37469946/gold-breaks-above-2-110-inches-closer-to-record-high-with-rallying-mining-stocks">Gold Breaks Above $2,110, Inches Closer To Record High, With Rallying Mining Stocks</a>
Photo via Shutterstock

Futures

Previews

Economics

Federal Reserve

$BTC

Nasdaq Futures Slide On Mega-Cap Tech Weakness: Analyst Paints 1999-Like Rosy Picture, Tells Investors To 'Hang On And Enjoy The Ride'

Online personal styling service Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) has encountered turbulent times post-pandemic.&nbsp;After announcing disappointing quarter...

Is Penny Stock Stitch Fix (NASDAQ:SFIX) on the Road to Recovery? Wait to Find Out

Warning: SFIX is at high risk of performing badly

Stitch Fix's Model Needs Improvements

Lowe's, Wayfair and Mister Car Wash headline Mizuho's list of top consumer stocks

A rating of 23 puts Stitch Fix Inc (SFIX) near the top of the Consumer Cyclical sector according to InvestorsObserver.Stitch Fix Inc's score of 23 means that it ranks higher than 23% of stocks in the sector. In addition, its overall score of 4 ranks it higher than 4% of all stocks. SFIX has an Overall Score of 4. Find out

Is Stitch Fix Inc (SFIX) Stock a Good Value Monday?

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Stitch Fix (SFIX – Research Report), Great Wall Motor Co (...

Analysts Offer Insights on Consumer Cyclical Companies: Stitch Fix (SFIX), Great Wall Motor Co (OtherGWLLF) and Hyatt Hotels (H)

Rent the Runway rallies as Q4 loss narrows, revenue beats expectations

Stitch Fix: Retention Strategies May Prove Costly (Rating Downgrade)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
In the era of Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), many retailers have gone bankrupt because they could not compete with the e-commerce juggernaut. And of course, the pandemic-era lockdowns causing many retailers to become saddled with gargantuan debt did not help. In just the last several years multiple, once major, companies <a href="https://www.cbinsights.com/research/retail-apocalypse-timeline-infographic/">have all gone</a> belly up. The most recent victim to <a href="https://www.cnbc.com/2024/04/22/express-files-for-bankruptcy-plans-to-close-nearly-100-stores.html">file for Chapter 11</a> was Express (OTC:<a href="https://investorplace.com/stock-quotes/expr-stock-quote/">EXPR</a>). It&rsquo;s possible that, given the company&rsquo;s reliance on selling clothes worn in offices, the work-from-home trend badly damaged the retailer. Express was also hurt by high debt and expensive leases. Here are three retailers that could easily be among the next to go bankrupt, making them <a href="https://investorplace.com/industries/consumer-discretionary/retail/">retail stocks</a> to avoid.



<h2>Stitch Fix (SFIX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/SFIX1600-300x169.jpg" alt="Homepage of Stitch Fix (SFIX) website on the display of PC"><div>Source: Sharaf Maksumov / Shutterstock.com</div></div>For any company, declining net customer totals is definitely a very bad sign. So the fact that Stitch Fix (NASDAQ:<a href="https://investorplace.com/stock-quotes/sfix-stock-quote/">SFIX</a>), which sells apparel online, lost a net total of 6% of its customer base in Q2 2024 is definitely a good reason to avoid SFIX stock. And compared with the same period a year earlier, Stitch Fix shed 17% of its users during the quarter. Given the firm&rsquo;s declining customer totals, I&rsquo;m not surprised that its sales fell 17.5% year-over-year in Q2 .



For the third quarter, which ended on April 27, SFIX expects an adjusted EBITDA of potentially -$5 million. So it appears that the retailer may be heading into the red even on an adjusted EBITDA basis.



And indicating that the Street is losing patience with the name, the shares <a href="https://www.marketwatch.com/investing/stock/sfix?mod=search_symbol">have tumbled</a> 40% so far this year.



<h2>Peloton (PTON)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/pton1600-300x169.jpg" alt="Peloton (PTON stock) sign on city storefront"><div>Source: JHVEPhoto / Shutterstock.com</div></div>Some may dispute my decision to categorize Peloton (NASDAQ:<a href="https://investorplace.com/stock-quotes/pton-stock-quote/">PTON</a>) as a retailer. But since the firm does have physical stores and sell its products to consumers, I view it primarily as a retailer.



Like Stitch Fix, Peloton&rsquo;s <a href="https://investor.onepeloton.com/static-files/34f2d1ec-4711-40dd-add3-74f40d997786">customer base is shrinking</a> which is never a good sign for any company. Specifically, in Peloton&rsquo;s fiscal Q2 2024, its total membership declined 4% year-over-year (YOY) to 6.4 million. Meanwhile, its paid app subscription total fell 16% YOY to 718,000. And in another negative development, its top line dropped 6% YOY.



On a positive note, the amount of its cash burned by operating activities did sink 65% to $31.2 million in Q2. Still, given the meaningful declines of its customer base, I believe that the company will have difficulty shrinking its loss much further. That&rsquo;s particularly true because the improvement in its cash burn was entirely due to a large, 14% YOY decline in its operating expenses. As is well known, the extent to which firms can cut their expenses is always limited.



Peloton&rsquo;s long-overdue decision to start selling its products through third parties, including Dick&rsquo;s Sporting Goods (NYSE:<a href="https://investorplace.com/stock-quotes/dks-stock-quote/">DKS</a>) and Amazon, <a href="https://investor.onepeloton.com/static-files/34f2d1ec-4711-40dd-add3-74f40d997786">bore fruit</a>, as Peloton&rsquo;s revenue from those channels jumped 74% YOY in Q2. And its partnership with lululemon (NASDAQ:<a href="https://investorplace.com/stock-quotes/lulu-stock-quote/">LULU</a>), established last September, <a href="https://investor.onepeloton.com/news-releases/news-release-details/lululemon-and-peloton-announce-five-year-strategic-global">could pay off</a> too.



But given its continued, sizeable cash burn, revenue declines and customer losses, along <a href="https://finance.yahoo.com/quote/PTON/key-statistics">with its $1.6 billion</a> of net debt, I think that these positive moves will probably be a case of &ldquo;too little, too late&rdquo; for Peloton. This places PTON firmly among the retail stocks you will want to avoid.



<h2>GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/gamestop-sign-gme-stock-storefront-1600-300x169.jpg" alt="GameStop (GME) sign on side of building in blue early morning light"><div>Source: shutterstock.com/EchoVisuals</div></div>In the wake of GameStop&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>) poor Q4 results, investment bank Wedbush<a href="https://seekingalpha.com/news/4084395-gamestops-demise-is-anticipated-by-wedbush-to-be-before-the-end-of-the-decade"> predicted that</a> the retailer would not survive past 2029.



The bank believes that the firm&rsquo;s top-line will probably sink by $150 million to $200 million annually, while GameStop will probably not be able to cut its costs sufficiently to compensate for those declines. The retailer&rsquo;s main problem is that it does not appear to have found a way to compensate for its declining video-game sales, Wedbush explained.



For Q4, GameStop&rsquo;s revenue came in at $1.078 billion, down from $1.186 billion during the same period a year earlier. Its operations <a href="https://seekingalpha.com/symbol/GME/cash-flow-statement">burned a huge</a> $203.7 million of cash during the quarter.



GameStop&rsquo;s declining revenue and poor outlook definitely make it one of the retail stocks to avoid at all costs. 



On the date of publication, Larry Ramer held a long position in AMZN. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.&nbsp;&nbsp;
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-retail-stock-rejects-to-avoid-at-all-costs/">3 Retail Stock Rejects to Avoid at All Costs</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Retail Stock Rejects to Avoid at All Costs

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The Federal Reserve is finally winning the war against inflation; that&rsquo;s at least what the latest economic report says, but should still keep in mind that there are retail stocks to avoid. The U.S. economy slowed down sharply in the first-quarter (Q1), growing by just 1.6%, a dramatic drop from the 3.4% growth in the prior-year period. That statistic spells trouble for <a href="https://investorplace.com/industries/consumer-discretionary/retail/">retail stocks</a>, with consumer spending waning amidst weaker economic momentum.&nbsp; Hence, it&rsquo;s probably the right time for investors to consider the retail stocks to avoid.



To be fair, the retail stocks discussed in the article have been struggling for a while now. Their problems, though, are likely to be compounded further, given a challenging economic environment. With that said, here are three retail stocks to offload from your portfolios.



<h2>Retail Stocks to Avoid: GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gme-stock-3-300x169.jpg" alt="GameStop (GME stock) logo on the outside of a store"><div>Source: Emil O / Shutterstock.com</div></div>GameStop&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>)&nbsp;has been criticized extensively over the years, and though it may seem sadistic to continue doing so, it keeps providing reasons for it. The meme stock favorite is nothing more than a catalyst for short sellers and Reddit users to spark short-lived market surges. Overall, though, GME stock has shed more than 74% of its value in the past three years and more than 40% last year alone.



Furthermore, GameStop&rsquo;s business remains a mess despite its management&rsquo;s best efforts to spark a turnaround. I was all ears when it announced a shift towards a digital-first approach, in line with the broader market trends. Ironically, despite its shift toward digital, GameStop&rsquo;s recent quarterly results have shown a decline in software sales. Its <a href="https://seekingalpha.com/news/4083963-gamestop-in-charts">software sales slid 31%</a> in its fourth-quarter (Q4), with a 12% drop in hardware sales. Overall sales were down almost 20% in the quarter to $1.79 billion, missing estimates by $256 million. Moreover, it was the fifth time it missed revenue estimates in the past seven quarters. &nbsp;Despite its troubling financials, GME stock trades <a href="https://seekingalpha.com/symbol/GME/valuation/metrics">at more than 395 times forward earnings</a>.



<h2>Lands&rsquo; End (LE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/le_lands_end_1600-300x169.jpg" alt="The logo for Lands' End is displayed on a retail storefront."><div>Source: Ken Wolter / Shutterstock.com</div></div>Lands&rsquo; End&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/le-stock-quote/">LE</a>) has been an American multi-channel retailer for over 60 years. It specializes in casual apparel, accessories, shoes, and home products and has a sizable online presence in addition to its established brick-and-mortar operations.



The company has witnessed a marked slowdown in top-and-bottom-line growth over the past few years, suffering from debt. It still attracts a financial strength rating of just 5 out of 10 from Gurufocus, with an Altman Z-Score&nbsp;<a href="https://www.gurufocus.com/stock/LE/summary" target="_blank">that&rsquo;shovering between Distress and Grey</a>.



However, plenty of excitement surrounds the stock under its new management, with its stock gaining almost 95% last year. It has also kept up the pace this year, gaining over 45% year-to-date (YTD). With decreased clearance inventory sales, effective cost control, and a focus on high-quality sales, the firm swung to a profit in Q4.



Though its management is delivering, the rally seems overdone at this point. The broader market is in the negative, while LE stock <a href="https://seekingalpha.com/symbol/LE/momentum/performance">is up almost 28%</a> this month alone. A pullback is likely, and waiting on the sidelines for a better price is best.



<h2>Stitch Fix (SFIX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/SFIX1600-300x169.jpg" alt="Homepage of Stitch Fix (SFIX) website on the display of PC"><div>Source: Sharaf Maksumov / Shutterstock.com</div></div>Stitch Fix&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/sfix-stock-quote/" target="_blank">SFIX</a>) is an online retailer that&rsquo;s struggled to find its footing post-pandemic. The firm provides a subscription-based service where users can order apparel online with the option to return them if they don&rsquo;t meet their expectations. It solved an important pain point, and with the pandemic-led tailwinds at its back, the company soared to new heights in the Covid era. The company posted multiple quarters during the pandemic, adding millions in active customers while growing its sales by double-digit margins.



However, with the tailwinds normalizing, the company faces a massive challenge in retaining its client base. It lost more than 100,000 active customers in its most recent quarter, posting negative growth rates since the third-quarter (Q3) of 2023.&nbsp; Moreover, it lowered its 2024 revenue forecast to fall in the $1.29 billion to $1.32 billion range, significantly&nbsp;<a href="https://seekingalpha.com/news/4075690-stitch-fix-shares-slide-on-lowered-2024-guidance-missed-fiscal-q2-results" target="_blank">behind the estimated $1.35 billion</a>. SFIX stock is a &lsquo;moderate sell&rsquo; with&nbsp;<a href="https://www.tipranks.com/stocks/sfix/forecast" target="_blank">zero buy ratings</a>, according to analysts.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/stock-market-crash-warning-dont-get-caught-holding-these-3-retail-stocks/">Stock Market Crash Warning: Don&#8217;t Get Caught Holding These 3 Retail Stocks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Retail Stocks

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Press Releases

Stitch Fix Announces First Quarter of Fiscal Year 2024 Financial Results

Stitch Fix Announces New Employee Inducement Grant

Stitch Fix Announces New Employee Inducement Grants

Management

El Pollo Loco Holdings, Inc. Appoints Liz Williams as Chief Executive Officer and Director

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Stitch Fix Announces Second Quarter of Fiscal Year 2024 Financial Results

Short Sellers

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Zillow Group, Inc. (Nasdaq: Z)

Stitch Fix Announces Appointment of Lillian Reaume as Chief People Officer

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Stitch Fix Stock (NASDAQ:SFIX), Short Interest Report

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