Pixelworks, Inc. (PXLW) Stock: Is This Technology Stock Worth Your Consideration?

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Tech Stock News

Pixelworks, Inc. (PXLW) is trending down in the market today. The company, focused on the technology sector, is currently priced at $3.91 after a move down of -5.56% so far today. When it comes to technology companies, there are a number of factors that have the ability to lead to price movement in the market. One of the most common is news. Here are the recent stories centered around PXLW:

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Oct-24-19 10:32AM Analysts Estimate Pixelworks (PXLW) to Report a Decline in Earnings: What to Look Out for
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

Nonetheless, when making an investing decision, investors should focus on much more than just news, especially in the ever changing technology industry. Here’s what’s happing when it comes to Pixelworks, Inc..

What We’ve Seen From PXLW

Although a single session decline, like what we’re seeing from Pixelworks, Inc. might cause fear in some investors, that alone should not be the basis of a decision to, or not to, invest in a stock. It is always important to look into trends further out than a single trading day. When it comes to PXLW, here are the movements that investors have experienced:

  • Past 5 Sessions – Over the past week, PXLW has produced a change in price in the amount of -8.22%.
  • Past Month – The ROI from Pixelworks, Inc. throughout the last 30 days comes to 5.68%.
  • Past 3 Months – Throughout the last three months, the company has generated a return that comes to 27.78%
  • Past Six Months – Throughout the past six months, investors have seen a performance of -16.09% from the stock.
  • This Year So Far – Since the open of this year PXLW has resulted in a return of 34.83%.
  • Annually – Finally, over the past year, investors have seen a change that comes to -3.46% from PXLW. Throughout this period of time, the stock has sold at a high price of -21.96% and a low of 50.38%.

Ratios That Are Notable

Looking at various ratios associated with a company can give prospective investors a look 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 ratio goes higher, it shows that more investors are expecting that the stock is headed for declines. In general, strong technology stocks tend to come with a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, in regard to Pixelworks, Inc., the stock’s short ratio amounts to 1.50.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay its debts as they mature using current assets or quick assets. Because in tech, companies are reliant on continued investor support as they work to bring new technologies to market, the quick and current ratios can look bad. However, several better companies in the technology space do have strong quick and current ratios. When it comes to PXLW, the quick and current ratios work out to 2.80 and 3.00 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price. In this particular case, that ratio is 1.35.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of the company’s stock. In this case, the cash to share value ratio is 0.61.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in PXLW, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutional investors own 31.60% of the company. On the other hand, it is important to consider that the ownership held by institutions has moved in the amount of -0.27% in the past quarter.
  • Insider Moves – with regard to insiders, those close to the situation currently own 6.40% of Pixelworks, Inc.. Insider ownership of the company has changed in the amount of 4.85% throughout the last 3 months.

What Analysts Say About Pixelworks, Inc.

While it’s never a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their analysis in order to validate your own due diligence before making an investment decision in the technology space. Here are the most 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

What have ween seen from PXLW in terms of financial results?Here’s the data:

  • Analyst Expectations – At the moment, Wall St. analysts expect that the company will generate earnings per diluted share coming to a total of -0.04, with -0.01 to be reported in the next financial report. Although this data is not associated with earnings, since we’re talking on the topic of Wall Street analysts, PXLW is presently graded as a 1.70 on a scale from 1 to 5 where 1 is the worst possible Wall St. analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the past half decade, Pixelworks, Inc. has created a movement in revenue that works out to be 9.70%. EPS in the past 5 years have experienced movement in the amount of 22.10%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly represented in the world of humans, PXLW has generated a change in earnings that amounts to 5.00%. Pixelworks, Inc. has also experienced movement in terms of revenue that adds up to -6.70%.

Float Information

Traders and investors tend to have a heavy interest in the amounts of shares both outstanding and available. In terms of Pixelworks, Inc., there are currently 37.93M and there is a float of 32.46M. These numbers mean that out of the total of 37.93M shares of PXLW currently in existence today, 32.46M are available to trade hands in the public realm.

I also like to dig into the short percentage of the float. After all, when a high percentage of the float is shorted, the overall feeling among traders is that the stock is headed for a deep dive. As far as PXLW, the percentage of the float that is shorted currently sits at 1.10%. Most investors would say that a high short percent of the float would be considered to be anything over 40%. In my research, I’ve calculated that a short percent of the float over 26% is generally a a play that could prove to be very risky.

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