ShiftPixy, Inc. (NASDAQ:PIXY) shares, dropped in value on Thursday, Apr 08, with the stock price down by -0.72% to the previous day’s close as weak demand from buyers trailed the stock to $2.75.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.77, falling within a range of $2.5000 and $3.0200. The value of beta (5-year monthly) is 1.11 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $15.56, and the low was $2.02. On the whole, PIXY has fluctuated by 6.54% over the past month.
We see that PIXY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 100% Sell.
A comparison of ShiftPixy, Inc. (PIXY) with its peers suggests the former has fared considerably weaker in the market. PIXY showed an intraday change of -0.72% in today’s session so far, and over the past year, it dropped by -40.43%. In comparison, Paypal Holdings (PYPL) has moved higher at +2.54% today and is up +151.4% over the past 12 months. On the other hand, the price of Square (SQ) has risen 3.5% today. The stock, however, is off 386.16% from where it was a year ago. Additionally, there is a decline of -72% for Zoom Video Communications Cl A (ZM) in recent trading while the stock has seen an overall depriciation of -40.43% over the past year. The PE ratio stands at 0 for ShiftPixy, Inc., compared to 72.24 for Paypal Holdings, and 851.11 for Square. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.29%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for ShiftPixy, Inc. (NASDAQ:PIXY) indicates that the trading volumes over the past 10 days have averaged 709.6 Million and over the past 3 months, they’ve averaged 1.03 Million. According to company’s latest data on outstanding shares, there are 20.9 Million shares outstanding.
Nearly 63.34% of ShiftPixy, Inc.’s shares belong to company insiders and institutional investors own 6.59% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 156.09 Million shares as on March 14, 2021, resulting in a short ratio of 0.43. According to the data, the short interest in ShiftPixy, Inc. (PIXY) stood at 0.75% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 145.62 Million. The stock has risen by +11.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PIXY stock heading into the next quarter.