PIXY Stock Summary and Trading Ideas (Shiftpixy | NASDAQ:PIXY)

ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.

Shiftpixy trades on the NASDAQ stock market under the symbol PIXY.

As of April 23, 2024, PIXY stock price declined to $2.08 with 618,749 million shares trading.

PIXY has a beta of 3.28, meaning it tends to be more sensitive to market movements. PIXY has a correlation of 0.06 to the broad based SPY ETF.

PIXY has a market cap of $14.05 million. This is considered a Sub-Micro Cap stock.

Last quarter Shiftpixy reported $4 million in Revenue and -$.87 earnings per share. This beat revenue expectation by $13,000 and exceeded earnings estimates by $.14.

In the last 3 years, PIXY stock traded as high as $9,839.92 and as low as $1.54.

The top ETF exchange traded funds that PIXY belongs to (by Net Assets): VXF.

PIXY has underperformed the market in the last year with a price return of -97.3% while the SPY ETF gained +24.3%. PIXY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -64.6% and -22.4%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

PIXY support price is $1.99 and resistance is $2.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PIXY stock will trade within this expected range on the day.