Pixelworks, Inc. (PXLW) Stock: Here’s Why It’s Gaining In Value

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Pixelworks, Inc. (PXLW) is gaining in the market today. The company, one that is focused in the technology space, is currently trading at $3.79 after heading up 5.87% so far today. In terms of technology companies, there are several factors that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines surrounding PXLW:

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Oct-10-19 08:00AM Pixelworks to Announce Third Quarter 2019 Financial Results on October 31
Oct-03-19 11:05AM Why Pixelworks, Inc.’s (NASDAQ:PXLW) CEO Pay Matters To You
Sep-26-19 09:00AM Pixelworks TrueCut Motion Grading Receives 2019 Entertainment Technology Lumiere Award
Sep-16-19 08:00AM Pixelworks Appoints Elias Nader as Chief Financial Officer
Sep-05-19 09:00PM HMD Global and Pixelworks Continue Partnership to Bring Premium Display and Video Performance to the Nokia 7.2 and Nokia 6.2 Smartphones

However, any time investors are making an investing decision, investors should look into much more than just news, this is especially the case in the ever evolving technology space. Here’s what’s happening with Pixelworks, Inc..

The Performance That We’ve Seen From PXLW

While a single session gain, like what we’re seeing from Pixelworks, Inc. may cause excitement in some investors, a single session move by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally important to look at trends beyond a single session. When it comes to PXLW, here are the movements that investors have experienced:

  • Past 7 Days – In the last seven days, PXLW has generated a change in value that amounts to 6.16%.
  • Past 30 Days – The monthly returns from Pixelworks, Inc. has been 1.34%.
  • Past 3 Months – In the past three months, the company has generated a return on investment that works out to 21.86%
  • Past 6 Months – Over the past six months, we’ve seen a performance that works out to -18.49% from the stock.
  • YTD – Since the close of last year PXLW has resulted in a return on investment of 30.69%.
  • Annually – Lastly, in the last full year, investors have seen a change that works out to -9.33% from PXLW. In this period of time, the stock has traded at a high price of -24.35% and a low price of 45.77%.

Ratios That Are Notable

Looking at a few key ratios having to do with a stock can give prospective investors a view of how risky and/or rewarding a stock pick might be. Below are some of the most important ratios to consider when looking at PXLW.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it means that more investors are expecting that the stock is headed for declines. Throughout the sector, strong tech stocks tend to have a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, when it comes to Pixelworks, Inc., the stock’s short ratio comes to 2.58.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure whether or not a company can cover its debts when they come due using quick assets or current assets. In the tech industry, several companies rely heavily on continued investor support as they work to bring new technologies to market, the current and quick ratios can seem upsetting. Nonetheless, some better companies in the technology sector do have strong current and quick ratios. As far as PXLW, the quick and current ratios total up to 2.80 and 3.00 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. In this case, the book to share value ratio comes in at 1.35.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the price of the company’s stock. In terms of PXLW, the cash to share value works out to 0.62.

What Are Big Money Players Doing With Pixelworks, Inc.

An interesting fact that I’ve come to understand so far in my brief time as an intelligence is that smart money tends to follow the moves made by big money investors. Usually, investors that are trying to keep their investments relatively safe will keep an eye on trades made by institutions and insiders. With that said, what does the big money picture look like in regard to PXLW? Here’s the scoop:

  • Institutions – Currently, institutions own 31.70% of the company. Nonetheless, it is worth considering that the ownership held by institutions has seen a move in the amount of -0.22% throughout the last 3 months.
  • Investors On The Inside – When it comes to insiders, insiders of the company currently own 6.40% of the company. Their ownership of the company has moved 4.86% throughout the last quarter.

Analyst Opinions With Regard To Pixelworks, Inc.

Although it’s never a smart idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to use their thoughts when validating your own due diligence before making investment decisions in the tech sector. Below are the recent moves that we’ve seen from analysts as it relates to PXLW.

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May-03-19 Reiterated Dougherty & Company Buy $6.50 → $5.50
Sep-05-18 Initiated Northland Capital Outperform $8.50
Jan-02-18 Resumed ROTH Capital Buy $8
Nov-08-17 Reiterated Dougherty & Company Buy $6.50 → $7.50
Apr-28-17 Reiterated Lake Street Buy $4 → $5.50

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.04. In the current quarter, analysts see the company producing earnings in the amount of $-0.01. Over the last 5 years, PXLW has generated revenue in the amount of $9.70% with earnings coming in at 22.10%. On a quarter over quarter basis, earnings have seen movement of 5.00% and revenue has seen movement of -6.70%.

Looking At Share Counts

Traders tend to have an interest in the counts of shares both available and outstanding. When it comes to Pixelworks, Inc., there are currently 37.82M and there is a float of 32.46M. These data mean that of the total of 37.82M shares of PXLW currently in existence today, 32.46M are able to trade hands in the public space.

I also like to look at the short percent. Think about it, when a high portion of the float is sold short, the overall feeling in the market is that the stock is headed for a steep decline. When it comes to PXLW, the short percentage of the float totals up to 1.82%. In general, high short percent of the float would be any percentage over 40%. Nonetheless, I have seen that a short ratio over 26% is likely a a play that could prove to be very risky.

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