An analyst sees good growth prospects for ShiftPixy Inc. (PIXY)

ShiftPixy Inc. (NASDAQ: PIXY) stock jumped 3.34% on Friday to $0.21 against a previous-day closing price of $0.20. With 1.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.05 million shares. During the session, the Staffing & Employment Services company that operates in wider Industrials sector, reached to the highest price of $0.2183 whereas the lowest price it dropped to was $0.2007. The 52-week range on PIXY shows that it touched its highest point at $2.07 and its lowest point at $0.17 during that stretch. Beta for the stock currently stands at 1.47.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PIXY was down-trending over the past week, with a drop of -1.62%, but this was down by -24.39% over a month. Three-month performance dropped to -42.82% while six-month performance fell -83.00%. The stock lost -88.41% in the past year, while it has lost -82.27% so far this year.

Float and Shares Shorts:

At present, 38.37 million PIXY shares are outstanding with a float of 25.52 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.27 million, which was 0.71% higher than short shares on Jun 14, 2022. In addition to Mr. Scott W. Absher as the firm’s Co-Founder, Chairman, Pres & CEO, Ms. Amanda Murphy serves as its COO & Exec. Director.

Institutional Ownership:

Through their ownership of 11.66% of PIXY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 61.83% of PIXY, in contrast to 3.11% held by mutual funds. Shares owned by individuals account for 10.20%. As the largest shareholder in PIXY with 8.47% of the stake, Armistice Capital LLC holds 2,850,000 shares worth 2,850,000. A second-largest stockholder of PIXY, The Vanguard Group, Inc., holds 830,909 shares, controlling over 2.47% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in PIXY, holding 205,723 shares or 0.61% stake. With a 1.75% stake in PIXY, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 588,101 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.72% of PIXY stock, is the second-largest Mutual Fund holder. It holds 242,808 shares valued at 76727.0. Fidelity Extended Market Index Fu holds 0.37% of the stake in PIXY, owning 123,538 shares worth 39038.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PIXY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PIXY analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PIXY will report FY 2020 earnings on 12/16/2022. Analysts have provided yearly estimates in a range of -$15.07 being high and -$15.07 being low. For PIXY, this leads to a yearly average estimate of -$15.07. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is -$4.42 and the low estimate is -$4.42. The average estimate for the next quarter is thus -$4.42.

Summary of Insider Activity:

Insiders traded PIXY stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 8,000,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 8,000,000 while 0 shares were sold.

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