Value gained By Pyxis Tankers Inc. (PXS) In The Past Week: $0.9000

Pyxis Tankers Inc. (NASDAQ:PXS) finished Friday with a subtraction of -$0.04 to close at $0.82, a downside of -4.95 percent. An average of 677,800 shares of common stock have been traded in the last five days. There was a gain of $0.0184 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,278,540 shares traded, while the 50-day average volume stands at 851,608.

PXS stock has increased by 9.86% in the last month. The company shares reached their 1-month lowest point of $0.7132 on 09/24/21. With the stock rallying to its 52-week high on 02/16/21, shares of the company touched a low of $0.62 and a high of $4.60 in 52 weeks. It has reached a new high 12 times so far this year and lost -1.06% or -$0.0088 in price. In spite of this, the price is down -82.15% from the 52-week high.


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Valuation Metrics

Pyxis Tankers Inc. (PXS) has a trailing price-to-earnings (P/E) ratio of 18.35 for the broader industry and 29.83 for the sector. In the last five years, Pyxis Tankers Inc.’s PE ratio has ranged between 106.66 and 69.00. The stock’s beta is -0.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.55, the price-to-book (PB) ratio at 0.47.

The quick ratio of Pyxis Tankers Inc. for the three months ended June 29 was 2.00, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.89 and a total debt to equity ratio of 1.00 for the quarter ending June 29. Pyxis Tankers Inc.’s EBITDA margin for the year ending June 29 is 12.57%. Its gross profit as reported stood at $6.56 million compared to revenue of $21.71 million.

Earnings Surprise

For the three-month period that ended June 29, Pyxis Tankers Inc. had $50.33 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$6.98 million in the quarter, while revenues were shrunk -19.34%. The analyst consensus anticipated Pyxis Tankers Inc.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.04, a -33.30% surprise. For the quarter, EBITDA amounted to $0.42 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Pyxis Tankers Inc. (PXS) price momentum. RSI 9-day as of the close on 22 October was 49.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 48.74%.

As of today, PXS’s price is $0.8497 +2.29% or $0.0184 from its 5-day moving average. PXS is currently trading +10.72% higher than its 20-day SMA and -8.77% lower than its 100-day SMA. However, the stock’s current price level is +18.83% above the SMA50 and -9.77% below the SMA200.

The stochastic %K and %D were 36.26% and 39.80%, respectively, and the average true range (ATR) was 0.0576. With the 14-day stochastic at 29.40% and the average true range at 0.0598, the RSI (14) stands at 51.62%. The stock has reached 0.0145 on the 9-day MACD Oscillator while the 14-day reading was at 0.0144.

Analyst Ratings

Noble Financial launched coverage on Pyxis Tankers Inc. (NASDAQ: PXS) in its analyst report released on April 24, 2018. The firm assigned the stock a a Buy rating. The consensus rating for Pyxis Tankers Inc. (PXS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PXS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is PXS’s price target for the next 12 months?

Analysts predict a range of price targets between $1.09 and $1.70, with a median target of $1.40. Taking a look at these predictions, the average price target given by analysts for Pyxis Tankers Inc. (PXS) stock is $1.40.

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