ShiftPixy Inc. [PIXY] Revenue clocked in at $38.00 million, down -83.78% YTD: What’s Next?
ShiftPixy Corporation [NASDAQ: PIXY] The trading session closed at $18.98 on 09/22/22. Today’s price range saw the stock record a low of $13.7001, while a high of $21.49. Company report on September 21 2022 That ShiftPixy, Inc. Announces pricing of $5 million for the private placement.
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ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national corporation that designs, manages and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig economy, announced today that it has entered into a securities purchase agreement with one US institutional investor from For a private placement of common shares and exercisable warranties for common shares that are expected to result in total revenue for the Company of approximately $5 million before deduction of underwriting agent commissions and other transaction-related expenses payable by the Company. In the private placement, the company agreed to sell 416,667 shares of its common stock with joint guarantees to purchase up to 833,334 shares of common stock. Each share of common stock and two associated common stock are sold together at a combined purchase price of $12.00. The joint guarantees will have an exercise price of $12.00 per share, will be immediately enforceable and will expire seven years after the date of issue. In connection with the private placement, the Company will reduce the exercise price of 124,194 outstanding warrants to purchase shares of common stock to $0.01 per share, in effect upon closing of the private placement.
The Company intends to use the net proceeds from the private placement for general corporate purposes, including working capital, operating expenses and capital expenditures. The private placement is expected to close on or around September 23, 2022, under usual closing conditions.
The stocks have an annual performance so far of -83.78 percent and a weekly performance of -1.45 percent. The stock has moved at -73.23 percent over the past six months. The stock has performed -18.47 percent in the last 30 days and changed by -44.83 percent in the last three months.
If compared to the average trading volume of 613.12 thousand shares, PIXY reached a volume of 3463723 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what leading stock market gurus are saying about ShiftPixy Inc. [PIXY]:
The Average True Range (ATR) is set by ShiftPixy Inc. at 6.17, with a price-to-sales ratio for PIXY stock in the last twelve months of 0.26. The price-to-book ratio for the last quarter was 0.09, with the price-to-cash-to-cash ratio for the same quarter set at 0.19.
PIXY stock trading performance evaluation
ShiftPixy Corporation [PIXY] It fell into the red at the end of last week, fell in a negative direction and fell by -1.45. With this latest performance, PIXY shares are down -18.47% over the past four-week period, and have also fallen -73.23% over the past six months – not to mention a -82.75% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the PIXY stock for the last two weeks was set at 47.87, with the RSI for the last one traded at 47.51, and the three-week RSI for ShiftPixy Inc. was set at 47.74. [PIXY]. The current moving average of the last 50 trading days for this stock is 21.41 while it recorded at 19.70 for the last trading week, and 56.65 for the last 200 days.
ShiftPixy Corporation [PIXY]: Insight into the basic fundamentals
Operating margin for any stock indicates how profitable the investment is, and ShiftPixy Inc. [PIXY] The stock’s current operating margin is -116.76 and the total margin is at -0.15. ShiftPixy Inc. reported net margin. Currently at -116.85.
ShiftPixy Inc.’s liquidity data is Interesting too, with the quick ratio at 0.20 and the current ratio at 0.20.
ShiftPixy Corporation [PIXY]: Insiders ownership positions
There is currently about $0 million, or 3.30% of PIXY’s stock, in the hands of institutional investors. The three largest shareholders of PIXY are: VANGUARD GROUP INC with 8,416 ownership, which is approximately 0% of the company’s market capitalization and approximately 16.80% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, owns 2,057 shares of stock with an approximate value of $39000.0 in PIXY stock; and VIRTU FINANCIAL LLC, currently with $26000.0 in PIXY stock with ownership of approximately New York’s market capitalization.
Positions increased in ShiftPixy Inc shares. held by institutional investors at the end of December and at the time of the December report, as 8 institutional owners consolidated their positions in ShiftPixy Inc. [NASDAQ:PIXY] About 2,217 shares. In addition, 10 investors decreased positions by 29,882 shares, while 6 investors held positions with 15,081 shares. The said changes put institutional holdings at 17,018 shares, according to the latest report from the Securities and Exchange Commission. PIXY had 3 new institutional investments totaling 1,644 shares, while 4 institutional investors sold positions worth 28,870 shares during the same period.