Pixelworks Inc (PXLW) – Don’t Believe the Hype: Check The Facts

Pixelworks Inc (NASDAQ: PXLW) is 71.76% higher on its value in year-to-date trading and has touched a low of $1.01 and a high of $2.44 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 PXLW stock was last observed hovering at around $2.11 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $2.25, the stock is 40.49% and 64.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing 6.89% at the moment leaves the stock 57.32% off its SMA200. PXLW registered 6.13% gain for a year compared to 6-month loss of 38.89%. The firm has a 50-day simple moving average (SMA 50) of $1.48 and a 200-day simple moving average (SMA200) of -$3.66.

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The stock witnessed a 65.44% gain in the last 1 month and extending the period to 3 months gives it a 75.78%, and is 5.63% 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 10.67% over the week and 10.81% over the month.

Pixelworks Inc (PXLW) has around 222 employees, a market worth around $128.52M and $56.49M in sales. Profit margin for the company is -43.13%. Distance from 52-week low is 122.77% and -7.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-116.50%).

Pixelworks Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $20M over the same period.The EPS is expected to grow by 30.12% this year, but quarterly earnings will post -15.00% year-over-year. Quarterly sales are estimated to grow 18.40% in year-over-year returns.

56 institutions hold shares in Pixelworks Inc (PXLW), with institutional investors hold 25.92% of the company’s shares. The shares outstanding are 55.11M, and float is at 51.15M with Short Float at 0.57%. Institutions hold 23.64% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 2.95 million shares valued at $5.11 million. The investor’s holdings represent 5.26% of the PXLW Shares outstanding. As of Jun 29, 2023, the second largest holder is Baird Financial Group, Inc. with 2.63 million shares valued at $4.55 million to account for 4.68% of the shares outstanding. The other top investors are Penn Capital Management Co., Inc. which holds 1.22 million shares representing 2.17% and valued at over $2.11 million, while Viex Capital Advisors, Llc holds 1.52% of the shares totaling 0.85 million with a market value of $1.38 million.

Pixelworks Inc (PXLW) Insider Activity

A total of 2 insider transactions have happened at Pixelworks Inc (PXLW) in the last six months, with sales accounting for 2 and purchases happening 0 times. The most recent transaction is an insider sale by Aman Haley F, the company’s Chief Financial Officer. SEC filings show that Aman Haley F sold 6,744 shares of the company’s common stock on Nov 20 at a price of $1.19 per share for a total of $8035.0. Following the sale, the insider now owns 0.31 million shares.

Pixelworks Inc disclosed in a document filed with the SEC on Aug 18 that DEBONIS TODD (President and CEO) sold a total of 16,441 shares of the company’s common stock. The trade occurred on Aug 18 and was made at $1.30 per share for $21401.0. Following the transaction, the insider now directly holds 1.53 million shares of the PXLW stock.

Still, SEC filings show that on Aug 18, Aman Haley F (Chief Financial Officer) disposed off 2,215 shares at an average price of $1.30 for $2883.0. The insider now directly holds 317,206 shares of Pixelworks Inc (PXLW).

Pixelworks Inc (PXLW): Who are the competitors?

One of the company’s main competitors (and peers) include NVIDIA Corp. (NVDA) that is trading 227.49% up over the past 12 months.Texas Instruments Inc. (TXN) lies in the list of competitors of the Pixelworks Inc and is -8.86% lower over the same period from PXLWQualcomm Inc. (QCOM) is 14.88% up on the 1-year trading charts.