Market cap of ShiftPixy Inc. [PIXY] reaches 42.93M – now what?

ShiftPixy Inc. [NASDAQ: PIXY] slipped around -0.12 points on Wednesday, while shares priced at $2.07 at the close of the session, down -5.48%. The company report on June 23, 2021 that ShiftPixy Launches MIAMI WORKS to Restore Miami’s Restaurant & Hospitality Industries by Connecting Businesses with On-Demand Workforce.

>> 7 Top Picks for the Post-Pandemic Economy <<

Miami-based staffing leader launches a recruiting campaign, working alongside local community groups and universities to host its first recruiting event on June 26 to connect the workforce with understaffed businesses.

MIAMI, June 23, 2021—(BUSINESS WIRE)—ShiftPixy, Inc. (NASDAQ: PIXY), a Florida-based national staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform, announced the launch of MIAMI WORKS, a staffing and recruiting campaign designed to help the restaurant and hospitality industry navigate the staffing shortage induced by the pandemic. In collaboration with local universities and community development groups, ShiftPixy will host the first in a series of recruiting events this Saturday, June 26, 2021, to help shift workers easily find job opportunities that offer living wages, a sign-up bonus, and flexible schedules, as well as healthcare, workers’ compensation and 401K benefits.

ShiftPixy Inc. stock is now -16.87% down from its year-to-date (YTD) trading value. PIXY Stock saw the intraday high of $2.24 and lowest of $2.05 per share. The company’s 52-week high price is 6.22, which means current price is +2.48% above from all time high which was touched on 01/26/21.

Compared to the average trading volume of 3.56M shares, PIXY reached a trading volume of 1687555 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about ShiftPixy Inc. [PIXY]?

The Average True Range (ATR) for ShiftPixy Inc. is set at 0.21, with the Price to Sales ratio for PIXY stock in the period of the last 12 months amounting to 4.88.

How has PIXY stock performed recently?

ShiftPixy Inc. [PIXY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.53. With this latest performance, PIXY shares dropped by -29.95% in over the last four-week period, additionally sinking by -20.99% over the last 6 months – not to mention a drop of -59.81% 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 PIXY stock in for the last two-week period is set at 34.34, with the RSI for the last a single of trading hit 26.81, and the three-weeks RSI is set at 39.14 for ShiftPixy Inc. [PIXY]. The present Moving Average for the last 50 days of trading for this stock 2.58, while it was recorded at 2.24 for the last single week of trading, and 2.75 for the last 200 days.

ShiftPixy Inc. [PIXY]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ShiftPixy Inc. [PIXY] shares currently have an operating margin of -208.69 and a Gross Margin at +7.93. ShiftPixy Inc.’s Net Margin is presently recorded at -1046.84.

Reflecting on the efficiency of the workforce at the company, ShiftPixy Inc. [PIXY] managed to generate an average of -$1,966,696 per employee. Receivables Turnover for the company is 1.40 with a Total Asset Turnover recorded at a value of 0.42.ShiftPixy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Insider trade positions for ShiftPixy Inc. [PIXY]

There are presently around $2 million, or 4.50% of PIXY stock, in the hands of institutional investors. The top three institutional holders of PIXY stocks are: VANGUARD GROUP INC with ownership of 220,523, which is approximately 27.151% of the company’s market cap and around 63.30% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 160,447 shares of the stock with an approximate value of $0.33 million in PIXY stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.31 million in PIXY stock with ownership of nearly New of the company’s market capitalization.

>> 7 Top Picks for the Post-Pandemic Economy <<

Positions in ShiftPixy Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 13 institutional holders increased their position in ShiftPixy Inc. [NASDAQ:PIXY] by around 598,653 shares. Additionally, 7 investors decreased positions by around 1,028,699 shares, while 2 investors held positions by with 680,112 shares. The mentioned changes placed institutional holdings at 947,240 shares, according to the latest SEC report filing. PIXY stock had 10 new institutional investments in for a total of 471,293 shares, while 3 institutional investors sold positions of 999,473 shares during the same period.

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