How Analysts Feel About ShiftPixy Inc. (PIXY)?

As of Friday close, ShiftPixy Inc.’s (NASDAQ:PIXY) stock was up $0.01, moving up 5.01 percent to $0.21. The average number of shares traded per day over the past five days has been 3,304,620 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.0084 fall in that time frame. In the last twenty days, the average volume was 1,459,315, while in the previous 50 days, it was 2,193,082.

Since last month, PIXY stock retreated -27.55%. Shares of the company fell to $0.1906 on 07/26/22, the lowest level in the past month. A 52-week high of $2.07 was reached on 01/25/22 after having rallying from a 52-week low of $0.17. Since the beginning of this year, PIXY’s stock price has dropped by -82.09% or -$0.9604, and marked a new high 5 times. However, the stock has declined by -89.87% since its 52-week high.

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Valuation Metrics

The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 0.20, the price-to-book (PB) ratio of 0.10.

Financial Health

In the recent quarter, ShiftPixy Inc.’s quick ratio stood at 0.20, while its current ratio was 0.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 3.00% percent. Based on annual data, PIXY earned $0.32 million in gross profit and brought in $23.42 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 421.30%. Return on equity (ROE) for the past 12 months was -70.20%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PIXY’s revenue rose 1.66% to $10.44 million during the quarter, while net income inched up to $9.64 million. During the quarter, the company generated -$12.59 million in EBITDA. The liabilities of ShiftPixy Inc. were 156.98 million at the end of its most recent quarter, and its total debt was $8.35 million. The value of shareholders’ equity is $38.34 million.

Technical Picture

This quick technical analysis looks at ShiftPixy Inc.’s (PIXY) price momentum. With a historical volatility rate of 73.24%, the RSI 9-day stood at 39.81% on 05 August.

With respect to its five-day moving average, the current ShiftPixy Inc. price is down by -3.85% percent or -$0.0084. At present, PIXY shares trade -24.79% below its 20-day simple moving average and -66.37% percent below its 100-day simple moving average. However, the stock is currently trading approximately -37.36% below its SMA50 and -79.65% below its SMA200.

Stochastic coefficient K was 19.05% and Stochastic coefficient D was 17.49%, while ATR was 0.0269. Given the Stochastic reading of 24.23% for the 14-day period, the RSI (14) reading has been calculated as 39.10%.


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