ShiftPixy, Inc. (PIXY) Stock: Is This Technology Stock Worth Your Attention?

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ShiftPixy, Inc. (PIXY) is falling in the market in today’s trading session. The stock, one that is focused in the technology industry, is currently priced at $0.39 after falling -1.89% so far in today’s session. As it relates to tech stocks, there are a number of aspects that have the potential to cause movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines relating to 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 into far more than news, especially in the ever changing technology sector. Here’s what’s going on with ShiftPixy, Inc..

What We’ve Seen From PIXY

Although a decline in a single session, like the fall that we’re seeing from ShiftPixy, Inc. may lead to fear in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is generally important to look at trends experienced by the stock further out than a single trading day. In the case of PIXY, here are the returns on investment that we have seen:

  • Past Seven Days – In the past five trading sessions, PIXY has seen a price change that amounts to -15.65%.
  • Past Month – The return from ShiftPixy, Inc. throughout the last month has been -48.96%.
  • Past 3 Months – Throughout the last 3 months, the company has produced a ROI of -75.09%
  • Past Six Months – Throughout the past six months, we’ve seen a performance that equates to -83.29% from the stock.
  • Year To Date – Since the the first trading session of this year PIXY has resulted in a ROI of -77.63%.
  • Annually – Lastly, throughout the last year, we’ve seen performance that comes to -85.11% from PIXY. In this period of time, the stock has traded at a high price of -92.77% and a low price of 41.63%.

Notable Ratios

Digging into a few ratios having to do with a stock can give prospective investors an understanding of just how risky and/or potentially profitable a an investment option may be. Below are a few of the important ratios to look at when digging into PIXY.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the amount of short interest. As the short ratio climbs, it shows that more investors believe that the price of the stock is headed for declines. Throughout the sector, strong tech stocks can have a lower short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, as it relates to ShiftPixy, Inc., it’s short ratio clocks in at 2.12.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to pay its debts when they mature using quick assets or current assets. In the technology industry, several companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem upsetting. Nonetheless, several gems in the technology industry come with strong current and quick ratios. As it relates to PIXY, the quick and current ratios work out to 0.50 and 0.50 respectively.  

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

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of shares. In this case, the cash to share value is 0.05.

Moves From Big Money Players

One thing that I have come to understand in my brief period here is that smart investors tend to follow the moves made by big money players. In general, investors that are trying to keep their investments relatively safe will pay close attention to trades made by institutional investors as well as those on the inside. So, is big money flowing in regard to PIXY? Here’s the data:

  • Institutions – At the moment, institutions hold 6.40% of ShiftPixy, Inc.. Nonetheless, it is important to note that institutional ownership has moved in the amount of 129.55% in the last 3 months.
  • Insiders – with regard to insiders, members of the management team and others close to PIXY currently hold 0.50% of ShiftPixy, Inc.. Their ownership of the company has changed in the amount of 0.00% throughout the last quarter.

How Analysts Feel About ShiftPixy, Inc.

While it’s not a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their opinions when validating your own due diligence when it comes to making an investment decision in the technology industry. Below are the most recent moves that we have seen from analysts with regard to PIXY.

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Earnings

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 $-0.08. 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 88.50% and revenue has seen movement of 67.10%.

Float Information

Investors tend to be interested in the amounts of shares both outstanding and available. In regard to ShiftPixy, Inc., there are currently 34.22M with a float of 8.53M. These data mean that out of the total of 34.22M shares of PIXY that are out there today, 8.53M are able to trade hands in the public realm.

I also find it important to follow the short percentage of the float. After all, when a large portion of the float is shorted, the overall opinion among traders is that the equity is going to take a dive. With regard to PIXY, the percentage of the float that is shorted currently sits at 10.09%. In general, concerning short percent of the float would be considered to be anything over 40%. Through my work, I have seen that any short percent of the float over 26% is probably going to be a risky play.

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