In last trading session, ShiftPixy Inc (NASDAQ:PIXY) saw 0.3 million shares changing hands with its beta currently measuring 1.32. Company’s recent per share price level of $2.17 trading at -$0.16 or -6.87% at ring of the bell on the day assigns it a market valuation of $13.00M. That closing price of PIXY’s stock is at a discount of -5109.22% from its 52-week high price of $113.04 and is indicating a discount of -6.45% from its 52-week low price of $2.31. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.35 million shares which gives us an average trading volume of 679.32K if we extend that period to 3-months.
ShiftPixy Inc (NASDAQ:PIXY) trade information
Upright in the red during last session for losing -6.87%, in the last five days PIXY remained trading in the red while hitting it’s week-highest on Monday, 04/08/24 when the stock touched $2.17 price level, adding 24.13% to its value on the day. ShiftPixy Inc’s shares saw a change of -60.26% in year-to-date performance and have moved -13.20% in past 5-day. ShiftPixy Inc (NASDAQ:PIXY) showed a performance of -33.23% in past 30-days. Number of shares sold short was 0.12 million shares which calculate 0.07 days to cover the short interests.
ShiftPixy Inc (PIXY) estimates and forecasts
The company is estimating its revenue growth to increase by 92.90% in the current quarter and calculating 94.40% increase in the next quarter. This year revenue growth is estimated to fall -7.80% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.8 million for the same. And 1 analysts are in estimates of company making revenue of $4 million in the next quarter that will end on May 2024. Company posted $5.5 million and $3.99 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -30.90% while estimating it to be 0.30% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 33.72% during past 5 years.
PIXY Dividends
ShiftPixy Inc is more likely to be releasing its next quarterly report in May and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
ShiftPixy Inc (NASDAQ:PIXY)’s Major holders
Insiders are in possession of 48.47% of company’s total shares while institution are holding 0.13 percent of that, with stock having share float percentage of 0.25%. Investors also watch the number of corporate investors in a company very closely, which is 0.13% institutions for ShiftPixy Inc that are currently holding shares of the company. HRT Financial LP is the top institutional holder at PIXY for having 15032.0 shares of worth $0.78 million. And as of Jun 29, 2023, it was holding 0.12% of the company’s outstanding shares.
The second largest institutional holder is Geode Capital Management, LLC, which was holding about 12399.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.10% of outstanding shares, having a total worth of $0.65 million.
On the other hand, Vanguard Extended Market Index Fund and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 6699.0 shares of worth $0.35 million or 0.06% of the total outstanding shares. The later fund manager was in possession of 5720.0 shares on May 30, 2023, making its stake of worth around $0.28 million in the company or a holder of 0.05% of company’s stock.
