ShiftPixy Inc (NASDAQ:PIXY) finished Friday with an addition of $0.01 to close at $0.81, an upside of 1.60 percent. An average of 33,829,641 shares of common stock have been traded in the last five days. There was a gain of $0.4128 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 8,530,860 shares traded, while the 50-day average volume stands at 3,510,814.
PIXY stock has increased by 42.35% in the last month. The company shares reached their 1-month lowest point of $0.3618 on 09/11/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $0.36 and a high of $24.97 in 52 weeks. It has reached a new high 1 time so far this year and lost -96.12% or -$20.1372 in price. In spite of this, the price is down -96.74% from the 52-week high.
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Insider Transactions
PIXY stock investors should be aware that ShiftPixy Inc (PIXY) stock had its last reported insider trading activity 274 days ago on Dec 30.
Valuation Metrics
ShiftPixy Inc (PIXY) stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.48.
Financial Health
The quick ratio of ShiftPixy Inc for the three months ended May 30 was 0.07, and the current ratio was 0.07, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $1.77 million compared to revenue of $36.0 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$5.77 million in the quarter, while revenues of -$132.57 million were shrunk -198.61%. The analyst consensus anticipated ShiftPixy Inc’s latest quarter earnings to come in at -$0.56 per share, but it turned out to be -$0.75, a -33.90% surprise. For the quarter, EBITDA amounted to -$6.3 million. Shareholders own equity worth $12.18 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ShiftPixy Inc (PIXY) price momentum. RSI 9-day as of the close on 29 September was 64.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 475.56%.
As of today, PIXY’s price is $0.6978 +103.20% or $0.4128 from its 5-day moving average. PIXY is currently trading +37.67% higher than its 20-day SMA and -74.44% lower than its 100-day SMA. However, the stock’s current price level is -36.99% below the SMA50 and -95.37% below the SMA200.
The stochastic %K and %D were 51.40% and 52.18%, respectively, and the average true range (ATR) was 0.1672. With the 14-day stochastic at 43.56% and the average true range at 0.1407, the RSI (14) stands at 59.35%. The stock has reached 0.3177 on the 9-day MACD Oscillator while the 14-day reading was at 0.3622.
Analyst Ratings
The consensus rating for ShiftPixy Inc (PIXY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PIXY, while 0 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 PIXY’s price target for the next 12 months?
Analysts predict a range of price targets between $1.30 and $1.30, with a median target of $1.30. Taking a look at these predictions, the average price target given by analysts for ShiftPixy Inc (PIXY) stock is $1.30.
