Pixelworks Inc (NASDAQ: PXLW) is -46.44% lower on its value in year-to-date trading and has touched a low of $0.61 and a high of $3.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PXLW stock was last observed hovering at around $0.72 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.70, the stock is -8.18% and -7.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -2.41% at the moment leaves the stock -37.70% off its SMA200. PXLW registered -48.78% loss for a year compared to 6-month loss of -27.21%. The firm has a 50-day simple moving average (SMA 50) of $0.763 and a 200-day simple moving average (SMA200) of $1.1368.
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The stock witnessed a -10.39% gain in the last 1 month and extending the period to 3 months gives it a 2.68%, and is 0.24% 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 7.00% over the week and 6.45% over the month.
Pixelworks Inc (PXLW) has around 239 employees, a market worth around $41.36M and $54.19M in sales. Profit margin for the company is -50.01%. Distance from 52-week low is 15.03% and -77.22% from its 52-week high.
The EPS is expected to shrink by -10.53% this year
49.0 institutions hold shares in Pixelworks Inc (PXLW), with institutional investors hold 24.72% of the company’s shares. The shares outstanding are 58.94M, and float is at 51.73M with Short Float at 0.42%. Institutions hold 21.90% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.28 million shares valued at $3.23 million. The investor’s holdings represent 5.7095 of the PXLW Shares outstanding. As of 2024-06-30, the second largest holder is BAIRD FINANCIAL GROUP, INC. with 2.95 million shares valued at $2.9 million to account for 5.1306 of the shares outstanding. The other top investors are UBS GROUP AG which holds 1.32 million shares representing 2.3051 and valued at over $1.3 million, while ACADIAN ASSET MANAGEMENT LLC holds 2.2775 of the shares totaling 1.31 million with a market value of $1.29 million.
Pixelworks Inc (PXLW) Insider Activity
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 10,200 shares of the company’s common stock on Nov 20 ’24 at a price of $0.74 per share for a total of $7498.0. Following the sale, the insider now owns 0.39 million shares.
Pixelworks Inc disclosed in a document filed with the SEC on Nov 20 ’24 that DEBONIS TODD (President and CEO) sold a total of 41,884 shares of the company’s common stock. The trade occurred on Nov 20 ’24 and was made at $0.74 per share for $30789.0. Following the transaction, the insider now directly holds 1.7 million shares of the PXLW stock.
Still, SEC filings show that on Aug 20 ’24, Aman Haley F (Chief Financial Officer) disposed off 5,269 shares at an average price of $0.77 for $4075.0. The insider now directly holds 397,261 shares of Pixelworks Inc (PXLW).
