In last trading session, Pixelworks Inc (NASDAQ:PXLW) saw 0.48 million shares changing hands with its beta currently measuring 1.62. Company’s recent per share price level of $0.71 trading at $0.03 or 3.22% at ring of the bell on the day assigns it a market valuation of $41.30M. That closing price of PXLW’s stock is at a discount of -333.8% from its 52-week high price of $3.08 and is indicating a premium of 14.08% from its 52-week low price of $0.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 280.38K if we extend that period to 3-months.
For Pixelworks Inc (PXLW), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.13 in the current quarter.
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Pixelworks Inc (NASDAQ:PXLW) trade information
Upright in the green during last session for gaining 3.22%, in the last five days PXLW remained trading in the green while hitting it’s week-highest on Tuesday, 09/24/24 when the stock touched $0.71 price level, adding 1.36% to its value on the day. Pixelworks Inc’s shares saw a change of -46.15% in year-to-date performance and have moved 3.29% in past 5-day. Pixelworks Inc (NASDAQ:PXLW) showed a performance of 1.76% in past 30-days. Number of shares sold short was 0.47 million shares which calculate 1.8 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a rise of 71.6% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would drop -181.69% in reaching the projected high whereas dropping to the targeted low would mean a loss of -181.69% for stock’s current value.
Pixelworks Inc (PXLW) estimates and forecasts
This year revenue growth is estimated to fall -25.80% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.5M for the same. And 3 analysts are in estimates of company making revenue of 10.2M in the next quarter. Company posted 16.03M and 20.07M of sales in current and next quarters respectively a year earlier.
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 -33.77% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -13.16% while estimates for its earnings growth in next 5 years are of 15.00%.
Pixelworks Inc (NASDAQ:PXLW)’s Major holders
Insiders are in possession of 10.19% of company’s total shares while institution are holding 23.20 percent of that, with stock having share float percentage of 25.83%. Investors also watch the number of corporate investors in a company very closely, which is 23.20% institutions for Pixelworks Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PXLW for having 3.28 million shares of worth $3.23 million. And as of 2024-06-30, it was holding 5.7095 of the company’s outstanding shares.
The second largest institutional holder is BAIRD FINANCIAL GROUP, INC., which was holding about 2.95 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.1306 of outstanding shares, having a total worth of $2.9 million.
