PXLW Stock Summary and Trading Ideas (Pixelworks | NASDAQ:PXLW)

Pixelworks Inc is a provider of visual processing semiconductor and software solutions that enable consistently high-quality and authentic viewing experiences in a wide variety of applications. The company defines its key target markets as Mobile (smartphone and tablet), Home and Enterprise (projectors, personal video recorders (PVR), and over-the-air (OTA) streaming devices), and Cinema (creation, remastering, and delivery of digital video content). The company operates in one segment: the design, development, marketing and sale of IC solutions for use in electronic display devices. The company generates its revenue from two broad product markets: the Mobile market and the Home and Enterprise market. The majority of the revenue is earned in China.

Pixelworks trades on the NASDAQ stock market under the symbol PXLW.

As of April 19, 2024, PXLW stock price declined to $1.68 with 280,343 million shares trading.

PXLW has a beta of 2.50, meaning it tends to be more sensitive to market movements. PXLW has a correlation of 0.22 to the broad based SPY ETF.

PXLW has a market cap of $97.10 million. This is considered a Micro Cap stock.

Last quarter Pixelworks reported $20 million in Revenue and -$.05 earnings per share. This beat revenue expectation by $74,000 and missed earnings estimates by -$.01.

In the last 3 years, PXLW stock traded as high as $7.90 and as low as $1.01.

The top ETF exchange traded funds that PXLW belongs to (by Net Assets): VTI, VXF, IWC.

PXLW has underperformed the market in the last year with a price return of +19.1% while the SPY ETF gained +21.2%. However, in the short term, PXLW had mixed performance relative to the market. It has outperformed in the last 3 months, returning +32.3% vs +4.3% return in SPY. But in the last 2 weeks, PXLW shares have been beat by the market, returning -25.0% compared to an SPY return of -3.5%.

PXLW support price is $1.62 and resistance is $1.80 (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 PXLW stock will trade within this expected range on the day.