ShiftPixy Inc. (NASDAQ: PIXY) has experienced a decline in its stock price by -12.37 compared to its previous closing price of 0.47. However, the company has seen a fall of -3.05% in its stock price over the last five trading days. InvestorPlace reported 2023-08-02 that Let’s take a look at some of the top AI stocks in August 2023. For the most part, the average investor is familiar with the major names in the sector, such as Nvidia (NASDAQ: NVDA ) and Microsoft (NASDAQ: MSFT ).
Is It Worth Investing in ShiftPixy Inc. (NASDAQ: PIXY) Right Now?
while the 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free
The average price point forecasted by analysts for ShiftPixy Inc. (PIXY) is $1.30, which is $0.89 above the current market price. The public float for PIXY is 3.57M, and currently, short sellers hold a 3.27% ratio of that floaft. The average trading volume of PIXY on September 18, 2023 was 1.03M shares.
PIXY’s Market Performance
PIXY’s stock has seen a -3.05% decrease for the week, with a -35.92% drop in the past month and a -85.14% fall in the past quarter. The volatility ratio for the week is 16.06%, and the volatility levels for the past 30 days are at 11.70% for ShiftPixy Inc. The simple moving average for the past 20 days is -26.24% for PIXY’s stock, with a -93.15% simple moving average for the past 200 days.
PIXY Trading at -58.06% from the 50-Day Moving Average
After a stumble in the market that brought PIXY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.42% of loss for the given period.
Volatility was left at 11.70%, however, over the last 30 days, the volatility rate increased by 16.06%, as shares sank -38.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -83.46% lower at present.
During the last 5 trading sessions, PIXY fell by -3.05%, which changed the moving average for the period of 200-days by -97.28% in comparison to the 20-day moving average, which settled at $0.5431. In addition, ShiftPixy Inc. saw -98.04% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PIXY starting from Weaver Kenneth Weir, who sale 51 shares at the price of $18.75 back on Dec 30. After this action, Weaver Kenneth Weir now owns 0 shares of ShiftPixy Inc., valued at $956 using the latest closing price.
Stock Fundamentals for PIXY
Current profitability levels for the company are sitting at:
- -98.29 for the present operating margin
- +3.52 for the gross margin
The net margin for ShiftPixy Inc. stands at -120.56. Equity return is now at value 414.80, with -237.10 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of -5.24, with the company’s debt to enterprise value settled at -0.04. The receivables turnover for the company is 12.81 and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In a nutshell, ShiftPixy Inc. (PIXY) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
