Moreover, the 36-month beta value for PXLW is 1.61. Analysts have varying opinions 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 54.76M and currently, short sellers hold a 0.55% of that float. On October 14, 2024, PXLW’s average trading volume was 269.85K shares.
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PXLW) stock’s latest price update
Pixelworks Inc (NASDAQ: PXLW)’s stock price has gone rise by 14.47 in comparison to its previous close of 0.70, however, the company has experienced a 17.75% increase in its stock price over the last five trading days. prnewswire.com reported 2024-09-26 that Premium Screens Worldwide Take Advantage of Pixelworks’ Award-Winning Motion Technology LOS ANGELES, Sept. 26, 2024 /PRNewswire/ — Pixelworks announced today that The Wild Robot from DreamWorks Animation will be presented with TrueCut Motion™ technology on premium screens worldwide.
PXLW’s Market Performance
Pixelworks Inc (PXLW) has experienced a 17.75% rise in stock performance for the past week, with a 27.34% rise in the past month, and a -22.79% drop in the past quarter. The volatility ratio for the week is 8.12%, and the volatility levels for the past 30 days are at 7.33% for PXLW. The simple moving average for the past 20 days is 14.42% for PXLW’s stock, with a -44.58% simple moving average for the past 200 days.
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 11.47% 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 -73.80% of loss for the given period.
Volatility was left at 7.33%, however, over the last 30 days, the volatility rate increased by 8.12%, as shares surge +16.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.01% lower at present.
During the last 5 trading sessions, PXLW rose by +17.75%, which changed the moving average for the period of 200-days by -41.11% in comparison to the 20-day moving average, which settled at $0.7052. In addition, Pixelworks Inc saw -38.41% 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 PXLW starting from Aman Haley F, who sale 5,269 shares at the price of $0.77 back on Aug 20 ’24. After this action, Aman Haley F now owns 397,261 shares of Pixelworks Inc, valued at $4,075 using the latest closing price.
DEBONIS TODD, the President and CEO of Pixelworks Inc, sale 24,039 shares at $0.77 during a trade that took place back on Aug 20 ’24, which means that DEBONIS TODD is holding 1,741,184 shares at $18,592 based on the most recent closing price.
Stock Fundamentals for PXLW
Current profitability levels for the company are sitting at:
- -0.44 for the present operating margin
- 0.47 for the gross margin
The net margin for Pixelworks Inc stands at -0.43. The total capital return value is set at -0.38. Equity return is now at value -235.17, with -27.96 for asset returns.
Based on Pixelworks Inc (PXLW), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at -2.81. The debt to equity ratio resting at 8.32. The interest coverage ratio of the stock is -25.77.
Currently, EBITDA for the company is -23.92 million with net debt to EBITDA at 1.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The receivables turnover for the company is 12.36for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.21.
Conclusion
To wrap up, the performance of Pixelworks Inc (PXLW) has been mixed in recent times. The stock has received a bullish of “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.
