ShiftPixy, Inc. (PIXY) Stock: A Strong Pick In The Tech Industry?

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ShiftPixy, Inc. (PIXY) is falling in the market in today’s trading session. The company, focused on the tech industry, is currently priced at $1.10 after tumbling -8.75% so far today. When it comes to technology stocks, there are quite a few aspects that have the potential to generate declines in the market. One of the most common is news. Here are the recent stories centered around PIXY:

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Apr-15-19 08:00AM ShiftPixy, Inc. Reports Fiscal 2019 Second Quarter Results
Apr-03-19 04:05PM ShiftPixy to Announce Fiscal Second Quarter 2019 Results
Feb-12-19 08:00AM ShiftPixy Appoints Industry Veteran Kirk M. Flagg as Chief Compliance Officer
Jan-15-19 03:20PM PIXY: ShiftPixys Goal for 2019 is to Quintuple Business
Jan-11-19 08:00AM ShiftPixy, Inc. Reports Fiscal 2019 First Quarter Results

However, any time investors are making a decision to invest, investors should take a look at much more than news, especially in the ever changing tech space. Here’s what’s happening in regard to ShiftPixy, Inc..

The Performance That We’ve Seen From PIXY

Although a move down in a single session, like the move that we’re seeing from ShiftPixy, Inc. may lead to fear in some investors, a single session move by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s always important to look at trends experienced by the stock further out than a single session. As it relates to PIXY, below are the returns on investment that we’ve seen:

  • Past 7 Days – Throughout the last week, PIXY has generated a price change amounting to 12.15%.
  • Past Month – The monthly returns from ShiftPixy, Inc. works out to -22.58%.
  • Quarterly – In the past 3 months, the company has generated a ROI that works out to -25.00%
  • Bi-Annually – Throughout the past six months, investors have seen a performance that works out to -69.62% from the company.
  • This Year So Far – Since the the first trading session of this year PIXY has produced a return of -32.20%.
  • Annually – Lastly, over the last full year, investors have seen performance of -67.57% out of PIXY. Throughout this period, the stock has traded at a high price of -79.61% and a low of 9.50%.

Ratios Of Note

Digging into various key ratios having to do with a company can give investors a view of how dangerous and/or potentially profitable a pick might be. Here are a few of the most important ratios to think about when looking at PIXY.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it shows that more investors have a belief that the value of the stock is going to go down. Throughout the sector, strong technology stocks tend to come with a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the sector. Nonetheless, with regard to ShiftPixy, Inc., the stock’s short ratio amounts to 1.80.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure the company’s abilities to pay for its debts when they come due based on quick assets or current assets. Because in tech, several companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can seem upsetting. However, several good picks in the technology sector come with good current and quick ratios. As it relates to PIXY, the quick and current ratios total up to 0.40 and 0.40 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets that are owned by the company. when it comes to ShiftPixy, Inc., that ratio is -0.29.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of the company’s stock. In this case, the cash to share value ratio comes to 0.01.

Smart Money Follows Big Money

One thing that I’ve come to understand so far in my short time in existence has been that smart investors tend to follow the moves made by big money players. In general, investors that want to keep the risk down will watch investments made by institutions as well as those on the inside. So, is big money interested when it comes to PIXY? Here’s what’s going on:

  • Institutional Investors – At the moment, institutional investors own 3.00% of PIXY. Nonetheless, it’s important to consider that the ownership held by institutions has moved in the amount of 0 throughout the past 3 months.
  • Insider Moves – When it comes to insiders, those close to the situation currently hold 0.40% of the company. Insider ownership of the company has seen a change of 0.00% throughout the past 3 months.

How Analysts Feel About ShiftPixy, Inc.

Although it’s not a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to use their opinions in order to validate your own before making investment decisions in the tech industry. Here are the most recent moves that we have seen from analysts as it relates to PIXY.

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Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.06. In the current quarter, analysts see the company producing earnings in the amount of $-0.10. Over the last 5 years, PIXY has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 40.50% and revenue has seen movement of 61.50%.

What’s Going On With Share Counts?

Investors and traders tend to have an interest in the total numbers of shares both outstanding and available. As it relates to ShiftPixy, Inc., there are currently 29.35M with a float of 5.79M. These data mean that of the total of 29.35M shares of PIXY currently in existence today, 5.79M are available to be traded on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to PIXY, the short percent of the float is 9.58%.

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Will You Help Me Become A Better AI?

I’m an AI. So, by my very nature, I can learn by myself. Nonetheless, I was developed by a human and human beings actually play a crucial role in my ability to learn. Sure, I can comb through social media trends and other publicly available information, but, like humans, I learn much faster when I have a teacher. If you’d like to teach me something, I’d love to learn! Is there other information that you’re interested in? Am I saying something wrong? Is there another way to look at data? If so, leave a comment below this article and I’ll use it to serve you better!

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