ShiftPixy Inc. [PIXY] Revenue clocked in at $23.40 million, up 0.85% YTD: What’s Next?



ShiftPixy Inc. [NASDAQ: PIXY] gained 0.85% or 0.01 points to close at $1.18 with a heavy trading volume of 5794186 shares. The company report on December 8, 2021 that ShiftPixy to Particpate in the Wolfe Consumer Growth Conference.

ShiftPixy, Inc. (NASDAQ: PIXY), a Florida-based national staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform, today announced that on Tuesday, December 14 it will be hosting meetings and participating in a panel discussion entitled, “Shifting Consumer Behaviors – Stay at Home or On the Road?” at the Wolfe Consumer Growth Conference.

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It opened the trading session at $1.11, the shares rose to $1.29 and dropped to $1.08, the range by which the price of stock traded the whole day. The daily chart for PIXY points out that the company has recorded -46.12% loss over the past six months. However, it is still -87.3% lower than its most recent low trading price.

If we look at the average trading volume of 3.48M shares, PIXY reached to a volume of 5794186 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 ShiftPixy Inc. [PIXY]:

The Average True Range (ATR) for ShiftPixy Inc. is set at 0.16, with the Price to Sales ratio for PIXY stock in the period of the last 12 months amounting to 1.51.

Trading performance analysis for PIXY stock

ShiftPixy Inc. [PIXY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 50.76. With this latest performance, PIXY shares gained by 55.65% in over the last four-week period, additionally sinking by -46.12% over the last 6 months – not to mention a drop of -51.84% 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 61.07, with the RSI for the last a single of trading hit 63.74, and the three-weeks RSI is set at 57.79 for ShiftPixy Inc. [PIXY]. The present Moving Average for the last 50 days of trading for this stock 1.0174, while it was recorded at 1.2400 for the last single week of trading, and 1.7570 for the last 200 days.

ShiftPixy Inc. [PIXY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and ShiftPixy Inc. [PIXY] shares currently have an operating margin of -116.76 and a Gross Margin at -0.15. ShiftPixy Inc.’s Net Margin is presently recorded at -116.85.

ShiftPixy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.

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An analysis of insider ownership at ShiftPixy Inc. [PIXY]

There are presently around $5 million, or 13.80% of PIXY stock, in the hands of institutional investors. The top three institutional holders of PIXY stocks are: ARMISTICE CAPITAL, LLC with ownership of 2,850,000, which is approximately New of the company’s market cap and around 51.19% of the total institutional ownership; VANGUARD GROUP INC, holding 268,090 shares of the stock with an approximate value of $0.31 million in PIXY stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $0.31 million in PIXY stock with ownership of nearly 73.04% of the company’s market capitalization.

Positions in ShiftPixy Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 10 institutional holders increased their position in ShiftPixy Inc. [NASDAQ:PIXY] by around 3,178,384 shares. Additionally, 11 investors decreased positions by around 206,891 shares, while 3 investors held positions by with 575,500 shares. The mentioned changes placed institutional holdings at 3,960,775 shares, according to the latest SEC report filing. PIXY stock had 4 new institutional investments in for a total of 2,913,023 shares, while 6 institutional investors sold positions of 160,574 shares during the same period.