ShiftPixy, Inc. (PIXY) Stock: Why It’s Declining In Value

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ShiftPixy, Inc. (PIXY) is falling in the market in today’s trading session. The company, focused in the tech sector, is currently priced at $0.40 after falling -9.60% so far today. As it relates to technology stocks, there are a number of factors that have the ability to generate price movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines surrounding PIXY:

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May-31-19 08:00AM ShiftPixy to Participate in the 9th Annual LD Micro Invitational
May-17-19 04:55PM Penny Stocks to Buy Using Technical Analysis for May 2019
May-16-19 08:00AM ShiftPixy to Introduce Breakthrough Self-Delivery Platform at Upcoming Tradeshow
May-14-19 08:00AM ShiftPixy Presents Its Latest Innovations at the 2019 National Restaurant Association Show
May-02-19 08:00AM ShiftPixy to Participate in the Piper Jaffray Restaurant Series 2019

Nonetheless, when making a decision to invest, prospective investors should look at far more than news, this is especially the case in the ever evolving tech space. Here’s what’s happening in regard to ShiftPixy, Inc..

Recent Movement Out of PIXY

While a single session decline, like the fall that we’re seeing from ShiftPixy, Inc. may cause 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 is always smart to dig into trends just a single trading day. In the case of PIXY, below are the returns on investment that we’ve seen:

  • Past 5 Sessions – Over the last five trading sessions, PIXY has generated a change in value amounting to -5.26%.
  • Past Month – The return from ShiftPixy, Inc. throughout the past month comes to -45.13%.
  • Past Quarter – Throughout the past three months, the company has produced a ROI of -72.85%
  • Past Six Months – Throughout the last six months, investors have seen a change that equates to -81.82% from the stock.
  • Year To Date – Since the open of this year PIXY has generated a ROI of -74.84%.
  • Full Year – Lastly, throughout the last year, investors have seen performance in the amount of -82.54% out of PIXY. In this period of time, the stock has traded at a high of -92.50% and a low price of 46.76%.

Ratios To Pay Attention To

Digging into various ratios having to do with a stock generally gives prospective investors a view of how risky and/or potentially profitable a pick might be. Here are some of the important ratios to consider when looking at PIXY.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the amount of short interest. The higher this short ratio, the more investors have a belief that the stock is headed for declines. Throughout the sector, strong tech stocks can carry a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the sector. Nonetheless, in relation to ShiftPixy, Inc., it’s short ratio amounts to 2.13.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure whether or not a company can pay for its debts when they come due using quick assets or current assets. In the technology sector, companies rely on continued investor support as they work to bring new technologies to market, the quick and current ratios can look upsetting. Nonetheless, quite a few better companies in the technology sector do have positive current and quick ratios. As far as PIXY, the quick and current ratios work out to 0.50 and 0.50 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the share price. In this particular case, the book to share value ratio works out to -0.17.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. In terms of PIXY, the cash to share value ratio is 0.05.

Investors Tend To Follow The Big Money

An interesting fact that I’ve learned so far in my short period on Earth has been that good investors tend to follow the moves made by big money investors. That is to say, investors that are trying to keep the risk down will watch trades made by institutions and insiders. With that said, how does the big money flow when it comes to PIXY? Here’s the scoop:

Institutions own 6.40% of the company. Institutional interest has moved by 129.55% over the past three months. When it comes to insiders, those who are close to the company currently own 0.50% percent of PIXY shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions With Regard To ShiftPixy, Inc.

Although it’s not a good idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a good idea to consider their opinions in order to validate your own opinions when it comes to making investment decisions in the tech space. Here are the most recent moves that we’ve seen from analysts with regard to PIXY.

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Financial Results And Expectations

What have ween seen from PIXY in terms of financial results?Here is the data:

  • Analyst Expectations – As it stands, Wall St. analysts expect that ShiftPixy, Inc. will generate earnings per diluted share coming to a total of -0.06, with -0.08 being reported in the report for the current quarter. Although this is not earnings driven, since we are chatting on the topic of analysts, PIXY is presently rated a 0 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall St. analyst rating and 5 is the best.
  • 5-Year Sales – Over the last half decade, ShiftPixy, Inc. has created a change in revenue that comes to a total of 0. Earnings in the last half decade have experienced a change of 0.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is often explained in the human world, PIXY has generated a change in earnings that amounts to 88.50%. The company has also experienced a change with regard to sales volume that adds up to 67.10%.

How Many Shares Of PIXY Are Available?

Traders seem to like to know the total numbers of shares both available and outstanding. With respect to ShiftPixy, Inc., there are currently 34.22M and there is a float of 8.53M. These data mean that of the total of 34.22M shares of PIXY in existence today, 8.53M are available to be traded on the public market.

I also find it important to dig into the short percentage of the float. After all, when a large portion of the float is shorted, the overall opinion among investors is that the company is going to fall. As far as it relates to PIXY, the percentage of the float that is sold short comes to a total of 10.09%. In general, high short percent of the float would be anything over 40%. In my research, I have calculated that any short percent of the float over 26% is usually a play that comes with hefty risk.

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