In yesterday’s Wall Street session, ShiftPixy Inc (NASDAQ:PIXY) shares traded at $1.31, down -14.38% from the previous session.
1 analysts cover ShiftPixy Inc (NASDAQ:PIXY), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.30 and a low of $1.30, we find $1.30. Given the previous closing price of $1.53, this indicates a potential downside of -15.03 percent. PIXY stock price is now -91.94% away from the 50-day moving average and -98.92% away from the 200-day moving average. The market capitalization of the company currently stands at $15.96M.
The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $1.30 as their price target over the next twelve months.
In other news, Weaver Kenneth Weir, Director sold 51 shares of the company’s stock on Dec 30. The stock was sold for $956 at an average price of $18.75. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. Insiders disposed of 51 shares of company stock worth roughly $66.81 over the past 1 year. A total of 70.69% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PIXY stock. A new stake in ShiftPixy Inc shares was purchased by HRT FINANCIAL LP during the first quarter worth $20,000. JANE STREET GROUP, LLC invested $14,000 in shares of PIXY during the first quarter. In total, there are 13 active investors with 0.50% ownership of the company’s stock.
During the past 12 months, ShiftPixy Inc has had a low of $0.78 and a high of $599.28. The fifty day moving average price for PIXY is $0.7094 and a two-hundred day moving average price translates $4.9653 for the stock.
The latest earnings results from ShiftPixy Inc (NASDAQ: PIXY) was released for May, 2023. According to the Staffing & Employment Services Company, earnings per share came in at -$0.75, missing analysts’ expectations of -$0.56 by -0.19. This compares to -$0.34 EPS in the same period last year. The net profit margin was -801.01% and return on equity was -144.94% for PIXY. The company reported revenue of $3.99 million for the quarter, compared to $9.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -58.64 percent. For the current quarter, analysts expect PIXY to generate $4.5M in revenue.
ShiftPixy Inc(PIXY) Company Profile
ShiftPixy, Inc., together with its subsidiaries, provides staffing solutions in the United States. It offers employment administrative services, such as payroll processing, human resources consulting, and workers’ compensation administration and coverage. The company also operates human resources information systems platform to assist in customer acquisition for the onboarding of new clients into the company’s closed proprietary operating and processing information system. It primarily serves restaurant and hospitality service industries. ShiftPixy, Inc. was incorporated in 2015 and is headquartered in Miami, Florida.
