Market Analysts see Pyxis Tankers Inc. [PXS] gaining to $2. Time to buy?

Pyxis Tankers Inc. [NASDAQ: PXS] gained 33.58% on the last trading session, reaching $1.79 price per share at the time. The company report on February 24, 2021 that Pyxis Tankers Announces Closing of $25.0 Million Private Placement of Common Stock.

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MAROUSSI, GREECE, February 24, 2021 – Pyxis Tankers Inc. (NASDAQ: PXS), (the “Company” or “Pyxis Tankers”), an emerging growth pure play product tanker company, announced that it has closed its previously announced definitive securities purchase agreements with a group of investors, which resulted in gross proceeds to Pyxis Tankers of $25.0 million, before deducting placement offering expenses. Pyxis Tankers has issued 14,285,715 shares of common stock at a price of $1.75 per share. Pyxis Tankers will use the net proceeds from the transaction for general corporate purposes, which may include the repayment of outstanding indebtedness and potential vessel acquisitions.

ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole placement agent for the offering.

Pyxis Tankers Inc. represents 21.14 million in outstanding shares, while the company has a total market value of $65.28 million with the latest information. PXS stock price has been found in the range of $1.37 to $1.88.

If compared to the average trading volume of 1.74M shares, PXS reached a trading volume of 5306952 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Pyxis Tankers Inc. [PXS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PXS shares is $1.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PXS stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Noble Financial have made an estimate for Pyxis Tankers Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 24, 2018. The new note on the price target was released on January 08, 2018, representing the official price target for Pyxis Tankers Inc. stock. Previously, the target price had yet another raise to $3, while Maxim Group analysts kept a Hold rating on PXS stock.

The Average True Range (ATR) for Pyxis Tankers Inc. is set at 0.31, with the Price to Sales ratio for PXS stock in the period of the last 12 months amounting to 2.35. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 0.02.

Trading performance analysis for PXS stock

Pyxis Tankers Inc. [PXS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 32.59. With this latest performance, PXS shares gained by 42.06% in over the last four-week period, additionally plugging by 125.90% over the last 6 months – not to mention a rise of 96.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PXS stock in for the last two-week period is set at 59.07, with the RSI for the last a single of trading hit 62.75, and the three-weeks RSI is set at 57.85 for Pyxis Tankers Inc. [PXS]. The present Moving Average for the last 50 days of trading for this stock 1.2362, while it was recorded at 1.3360 for the last single week of trading, and 0.9480 for the last 200 days.

Pyxis Tankers Inc. [PXS]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Pyxis Tankers Inc. [PXS] shares currently have an operating margin of +0.82 and a Gross Margin at +15.55. Pyxis Tankers Inc.’s Net Margin is presently recorded at -30.01.

Return on Total Capital for PXS is now 0.23, given the latest momentum, and Return on Invested Capital for the company is -8.80. Return on Equity for this stock declined to -23.16, with Return on Assets sitting at -7.39. When it comes to the capital structure of this company, Pyxis Tankers Inc. [PXS] has a Total Debt to Total Equity ratio set at 197.55. Additionally, PXS Total Debt to Total Capital is recorded at 66.39, with Total Debt to Total Assets ending up at 58.12. Long-Term Debt to Equity for the company is recorded at 169.48, with the Long-Term Debt to Total Capital now at 56.96.

Receivables Turnover for the company is 14.50 with a Total Asset Turnover recorded at a value of 0.25.Pyxis Tankers Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

Pyxis Tankers Inc. [PXS]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Pyxis Tankers Inc. posted -0.17/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -750.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PXS.

An analysis of insider ownership at Pyxis Tankers Inc. [PXS]

There are presently around $0 million, or 0.30% of PXS stock, in the hands of institutional investors. The top three institutional holders of PXS stocks are: GEODE CAPITAL MANAGEMENT, LLC with ownership of 63,006, which is approximately New of the company’s market cap and around 81.68% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 27,650 shares of the stock with an approximate value of $49000.0 in PXS stocks shares; and ALTIUM CAPITAL MANAGEMENT LP, currently with $18000.0 in PXS stock with ownership of nearly New of the company’s market capitalization.

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Positions in Pyxis Tankers Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 4 institutional holders increased their position in Pyxis Tankers Inc. [NASDAQ:PXS] by around 78,709 shares. Additionally, 2 investors decreased positions by around 42,697 shares, while 1 investors held positions by with 14,018 shares. The mentioned changes placed institutional holdings at 107,388 shares, according to the latest SEC report filing. PXS stock had 3 new institutional investments in for a total of 73,012 shares, while 1 institutional investors sold positions of 9 shares during the same period.

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