The stock of Pixelworks Inc (PXLW) has gone down by -12.55% for the week, with a -26.67% drop in the past month and a 53.68% rise in the past quarter. The volatility ratio for the week is 6.87%, and the volatility levels for the past 30 days are 6.32% for PXLW. The simple moving average for the past 20 days is -20.32% for PXLW’s stock, with a 27.37% simple moving average for the past 200 days.
Is It Worth Investing in Pixelworks Inc (NASDAQ: PXLW) Right Now?
PXLW has 36-month beta value of 1.76. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PXLW is 51.44M, and currently, short sellers hold a 1.52% ratio of that float. The average trading volume of PXLW on April 11, 2024 was 1.93M shares.
PXLW) stock’s latest price update
Pixelworks Inc (NASDAQ: PXLW)’s stock price has dropped by -7.93 in relation to previous closing price of 2.27. Nevertheless, the company has seen a loss of -12.55% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-27 that Macroeconomic challenges are hurting the Zacks Electronics – Semiconductors industry. However, industry participants like NVMI, QUIK and PXLW are set to gain from smart device proliferation.
Analysts’ Opinion of PXLW
Many brokerage firms have already submitted their reports for PXLW stocks, with Needham repeating the rating for PXLW by listing it as a “Buy.” The predicted price for PXLW in the upcoming period, according to Needham is $3.50 based on the research report published on February 09, 2024 of the current year 2024.
Colliers Securities, on the other hand, stated in their research note that they expect to see PXLW reach a price target of $5. The rating they have provided for PXLW stocks is “Buy” according to the report published on January 18th, 2022.
Needham gave a rating of “Buy” to PXLW, setting the target price at $7 in the report published on October 11th of the previous year.
PXLW Trading at -17.69% from the 50-Day Moving Average
After a stumble in the market that brought PXLW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.14% of loss for the given period.
Volatility was left at 6.32%, however, over the last 30 days, the volatility rate increased by 6.87%, as shares sank -25.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.22% upper at present.
During the last 5 trading sessions, PXLW fell by -12.55%, which changed the moving average for the period of 200-days by +27.05% in comparison to the 20-day moving average, which settled at $2.59. In addition, Pixelworks Inc saw 59.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PXLW starting from Aman Haley F, who sale 12,563 shares at the price of $2.65 back on Feb 16 ’24. After this action, Aman Haley F now owns 307,973 shares of Pixelworks Inc, valued at $33,330 using the latest closing price.
DEBONIS TODD, the President and CEO of Pixelworks Inc, sale 56,412 shares at $2.56 during a trade that took place back on Feb 15 ’24, which means that DEBONIS TODD is holding 1,565,065 shares at $144,144 based on the most recent closing price.
Stock Fundamentals for PXLW
Current profitability levels for the company are sitting at:
- -0.48 for the present operating margin
- 0.43 for the gross margin
The net margin for Pixelworks Inc stands at -0.45. The total capital return value is set at -0.34. Equity return is now at value -116.43, with -26.40 for asset returns.
Currently, EBITDA for the company is -24.35 million with net debt to EBITDA at 1.84. When we switch over and look at the enterprise to sales, we see a ratio of 1.25. The receivables turnover for the company is 5.92for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.26.
Conclusion
To put it simply, Pixelworks Inc (PXLW) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
