ShiftPixy Inc (PIXY) is gearing up for another turning point as it hit the volume of 0.63 million

A new trading day began on Monday, with ShiftPixy Inc (NASDAQ: PIXY) stock price up 28.65% from the previous day of trading, before settling in for the closing price of $1.71. PIXY’s price has ranged from $1.65 to $90.24 over the past 52 weeks.

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Industrials Sector giant saw their annual sales surged by 16.98% over the last five years. Meanwhile, its annual earnings per share averaged 91.68%. With a float of $1.11 million, this company’s outstanding shares have now reached $5.99 million.

The firm has a total of 31 workers. Let’s measure their productivity.

ShiftPixy Inc (PIXY) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Staffing & Employment Services Industry. The insider ownership of ShiftPixy Inc is 81.41%, while institutional ownership is 0.11%.

ShiftPixy Inc (PIXY) Earnings and Forecasts

In its latest quarterly report, released on 2/29/2024, the company reported earnings of -$0.87 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.1 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 91.68% per share during the next fiscal year.

ShiftPixy Inc (NASDAQ: PIXY) Trading Performance Indicators

Here are ShiftPixy Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.89.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -73.32, a number that is poised to hit -1.01 in the next quarter and is forecasted to reach -4.26 in one year’s time.

Technical Analysis of ShiftPixy Inc (PIXY)

Analysing the last 5-days average volume posted by the [ShiftPixy Inc, PIXY], we can find that recorded value of 0.3 million was lower than the volume posted last year of 0.58 million. As of the previous 9 days, the stock’s Stochastic %D was 26.52%. Additionally, its Average True Range was 0.46.

During the past 100 days, ShiftPixy Inc’s (PIXY) raw stochastic average was set at 4.82%, which indicates a significant decrease from 50.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 143.03% in the past 14 days, which was lower than the 184.52% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.4200, while its 200-day Moving Average is $11.1700. Now, the first resistance to watch is $2.4900. This is followed by the second major resistance level at $2.7700. The third major resistance level sits at $3.2500. If the price goes on to break the first support level at $1.7300, it is likely to go to the next support level at $1.2500. Should the price break the second support level, the third support level stands at $0.9700.

ShiftPixy Inc (NASDAQ: PIXY) Key Stats

With a market capitalization of 13.18 million, the company has a total of 5,398K Shares Outstanding. Currently, annual sales are 17,130 K while annual income is -33,630 K. The company’s previous quarter sales were 3,770 K while its latest quarter income was -5,550 K.