In today’s recent session, 0.86 million shares of the Pixelworks Inc (NASDAQ:PXLW) have been traded, and its beta is 1.62. Most recently the company’s share price was $0.75, and it changed around $0.09 or 13.20% from the last close, which brings the market valuation of the company to $43.99M. PXLW at last check was trading at a discount to its 52-week high of $3.08, offering almost -310.67% off that amount. The share price’s 52-week low was $0.61, which indicates that the recent value has risen by an impressive 18.67% since then. We note from Pixelworks Inc’s average daily trading volume that its 10-day average is 0.21 million shares, with the 3-month average coming to 265.78K.
Pixelworks Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended PXLW as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
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Pixelworks Inc (NASDAQ:PXLW) trade information
Instantly PXLW has been showing a green trend so far today with a performance of 13.20% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.8000 on recent trading dayincreased the stock’s daily price by 6.25%. The company’s shares are currently down -42.65% year-to-date, but still up 17.45% over the last five days. On the other hand, Pixelworks Inc (NASDAQ:PXLW) is -5.54% down in the 30-day period. We can see from the shorts that 0.26 million shares have been sold at a short interest cover period of 1.03 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bulls needing to increase their stock price by 70.0% from its current value. Analyst projections state that PXLW is forecast to be at a low of $2 and a high of $3.
Pixelworks Inc (PXLW) estimates and forecasts
Pixelworks Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -73.17 percent over the past six months and at a -13.16% annual growth rate that is well below the industry average of -6.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -33.77%. Pixelworks Inc earnings are expected to increase by -13.16% in 2024, but the outlook is positive 15.00% per year for the next five years.
PXLW Dividends
Pixelworks Inc’s next quarterly earnings report is expected to be released on 2024-Nov-05.
Pixelworks Inc (NASDAQ:PXLW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.19% of Pixelworks Inc shares, and 23.20% of them are in the hands of institutional investors. The stock currently has a share float of 25.83%. Pixelworks Inc stock is held by 57.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 5.7095% of the shares, which is about 3.28 million shares worth $3.23 million.
BAIRD FINANCIAL GROUP, INC., with 5.1306% or 2.95 million shares worth $2.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
