ShiftPixy Inc. (PIXY) – Don’t Be So Quick to Call it Dead

13 institutions hold shares in ShiftPixy Inc. (PIXY), with 13.24M shares held by insiders accounting for 63.34% while institutional investors hold 17.98% of the company’s shares. The shares outstanding are 30.81M, and float is at 7.66M with Short Float at 2.04%. Institutions hold 6.59% of the Float.

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The top institutional shareholder in the company is Vanguard Total Stock Market Index Fund with over 0.11 million shares valued at $0.29 million. The investor’s holdings represent 0.55% of the PIXY Shares outstanding. As of Feb 27, 2021, the second largest holder is Fidelity Extended Market Index Fund with 48628.0 shares valued at $0.15 million to account for 0.23% of the shares outstanding. The other top investors are Vanguard Extended Market Index Fund which holds 47367.0 shares representing 0.23% and valued at over $0.12 million, while Fidelity NASDAQ Composite Index Fund holds 0.04% of the shares totaling 8773.0 with a market value of $26319.0.

ShiftPixy Inc. (NASDAQ: PIXY) is 11.24% higher on its value in year-to-date trading and has touched a low of $2.02 and a high of $15.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PIXY stock was last observed hovering at around $2.48 in the last trading session, with the day’s gains setting it 0.29%.

Currently trading at $2.77, the stock is 1.45% and -11.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.74 million and changing 11.69% at the moment leaves the stock -19.39% off its SMA200. PIXY registered -40.43% loss for a year compared to 6-month loss of -24.73%. The firm has a 50-day simple moving average (SMA 50) of $2.9409 and a 200-day simple moving average (SMA200) of $2.8615.

The stock witnessed a 6.54% gain in the last 1 month and extending the period to 3 months gives it a 5.73%, and is 16.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.07% over the week and 9.56% over the month.

ShiftPixy Inc. (PIXY) has around 46 employees, a market worth around $54.82M and $9.00M in sales. Distance from 52-week low is 37.13% and -82.20% from its 52-week high.

ShiftPixy Inc. (PIXY) Analyst Forecasts

ShiftPixy Inc. is expected to release its quarterly report on 07/09/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 83.50% this year, but quarterly earnings will post 362.90% year-over-year.

ShiftPixy Inc. (PIXY) Insider Activity

A total of 0 insider transactions have happened at ShiftPixy Inc. (PIXY) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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