Pixelworks Inc. [NASDAQ: PXLW] surged by $0.43 during the normal trading session on Tuesday and reaching a high of $4.12 during the day while it closed the day at $3.90. The company report on March 16, 2021 that iQOO Introduces the iQOO Neo5 Smartphone with Pixelworks Technologies to Advance 5G Gaming Experiences.
Pixelworks X5 Pro processor brings new Game Experience Mode with Motion Engine® technology to enable immersive, power-efficient high frame rate gaming.
Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, announced that the iQOO Neo5 smartphone, which recently launched in China, is the first iQOO brand series and first from vivo to offer consumers ultra-premium display performance with the Pixelworks X5 Pro processor. Powered by patented technologies from Pixelworks, the new flagship smartphone elevates to a whole new level, gaming experiences unleashed by the extreme bandwidths of 5G.
Pixelworks Inc. stock has also gained 13.52% of its value over the past 7 days. However, PXLW stock has inclined by 59.39% in the 3 months of the year. Over the past six months meanwhile, it has gained 72.03% and gained 38.48% year-on date.
The market cap for PXLW stock reached $216.38 million, with 43.76 million shares outstanding and 42.71 million shares in the current float. Compared to the average trading volume of 613.16K shares, PXLW reached a trading volume of 1702947 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Pixelworks Inc. [PXLW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PXLW shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PXLW stock is a recommendation set at 1.70. 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.
Lake Street have made an estimate for Pixelworks Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 07, 2020. The new note on the price target was released on November 01, 2019, representing the official price target for Pixelworks Inc. stock. Previously, the target price had yet another drop from $6.50 to $5.50, while Dougherty & Company kept a Buy rating on PXLW stock.
The Average True Range (ATR) for Pixelworks Inc. is set at 0.31, with the Price to Sales ratio for PXLW stock in the period of the last 12 months amounting to 5.29. The Price to Book ratio for the last quarter was 3.23, with the Price to Cash per share for the same quarter was set at 0.57.
PXLW stock trade performance evaluation
Pixelworks Inc. [PXLW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.52. With this latest performance, PXLW shares dropped by -11.45% in over the last four-week period, additionally plugging by 72.03% over the last 6 months – not to mention a rise of 70.52% 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 PXLW stock in for the last two-week period is set at 58.06, with the RSI for the last a single of trading hit 61.59, and the three-weeks RSI is set at 56.94 for Pixelworks Inc. [PXLW]. The present Moving Average for the last 50 days of trading for this stock 3.47, while it was recorded at 3.62 for the last single week of trading, and 2.92 for the last 200 days.
Pixelworks Inc. [PXLW]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pixelworks Inc. [PXLW] shares currently have an operating margin of -59.00 and a Gross Margin at +49.09. Pixelworks Inc.’s Net Margin is presently recorded at -64.93.
Return on Total Capital for PXLW is now -41.47, given the latest momentum, and Return on Invested Capital for the company is -48.06. Return on Equity for this stock declined to -52.85, with Return on Assets sitting at -38.81. When it comes to the capital structure of this company, Pixelworks Inc. [PXLW] has a Total Debt to Total Equity ratio set at 16.42. Additionally, PXLW Total Debt to Total Capital is recorded at 14.10, with Total Debt to Total Assets ending up at 12.05. Long-Term Debt to Equity for the company is recorded at 10.13, with the Long-Term Debt to Total Capital now at 8.70.
Reflecting on the efficiency of the workforce at the company, Pixelworks Inc. [PXLW] managed to generate an average of -$134,665 per employee. Receivables Turnover for the company is 5.24 with a Total Asset Turnover recorded at a value of 0.60.Pixelworks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.50 and a Current Ratio set at 3.70.
Earnings per share (EPS) analysis for Pixelworks Inc. [PXLW] stock
With the latest financial reports released by the company, Pixelworks Inc. posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 22.20%. 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 PXLW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pixelworks Inc. go to 15.00%.
Pixelworks Inc. [PXLW]: Insider Ownership positions
There are presently around $69 million, or 37.90% of PXLW stock, in the hands of institutional investors. The top three institutional holders of PXLW stocks are: BLACKROCK INC. with ownership of 2,561,271, which is approximately 3.289% of the company’s market cap and around 5.20% of the total institutional ownership; VANGUARD GROUP INC, holding 2,319,764 shares of the stock with an approximate value of $9.06 million in PXLW stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $5.99 million in PXLW stock with ownership of nearly -13.628% of the company’s market capitalization.
Positions in Pixelworks Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 45 institutional holders increased their position in Pixelworks Inc. [NASDAQ:PXLW] by around 5,131,143 shares. Additionally, 26 investors decreased positions by around 2,413,158 shares, while 11 investors held positions by with 10,163,903 shares. The mentioned changes placed institutional holdings at 17,708,204 shares, according to the latest SEC report filing. PXLW stock had 12 new institutional investments in for a total of 2,621,906 shares, while 6 institutional investors sold positions of 1,075,612 shares during the same period.