Pyxis Tankers Inc. (NASDAQ:PXS) price closed higher on Monday, September 13, jumping 3.94% above its previous close.
A look at the daily price movement shows that the last close reads $0.77, with intraday deals fluctuated between $0.7481 and $0.8388. The company’s 5Y monthly beta was ticking -0.45. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.60 and 52-week low of $0.62. The stock added 15.63% on its value in the past month.
Pyxis Tankers Inc., which has a market valuation of $32.21 million, is expected to release its quarterly earnings report Nov 11, 2021 – Nov 15, 2021. Analysts tracking PXS have forecast the quarterly EPS to shrink by -0.06 per share this quarter, while the same analysts predict the annual EPS to hit -$0.2 for the year 2021 and up to $0 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $5.75 million, with the likely lows of $5.75 million and highs of $5.75 million. The average estimate suggests sales growth for the quarter will likely rise by 13.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $23.18 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 6.80% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give PXS a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned PXS a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Pyxis Tankers Inc. (PXS) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that PXS’s price is at present 13.23% off the SMA20 and 7.70% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.25, with weekly volatility standing at 10.25%. The indicator jumps to 6.33% when calculated based on the past 30 days. Pyxis Tankers Inc. (NASDAQ:PXS)’s beta value is holding at -0.47, while the average true range (ATR) indicator is currently reading 0.06. Considering analysts have assigned the stock a price target range of $1.09-$1.09 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1.09. Based on this estimate, we see that current price is roughly -36.25% off the estimated low and -36.25% off the forecast high. Investors will no doubt be excited to see the share price fall to $1.09, which is the median consensus price, and at that level PXS would be -36.25% from current price.
Turning out attention to how the Pyxis Tankers Inc. stock has performed in comparison to its peers in the industry, here’s what we find: PXS’s stock is 3.94% on the day and 1.78% in the past 12 months. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the Pyxis Tankers Inc. (NASDAQ:PXS) stock in terms of its daily trading volume indicates that the 3-month average is 1.09 million.
Current records show that the company has 29.22M in outstanding shares. The insiders’ percentage holdings are 49.19% of outstanding shares while the percentage share held by institutions stands at 9.90%. But the -3.72% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.