PIXY Price Target 2023 ShiftPixy Analyst Ratings
PIXYDelisted Stock | USD 6.53 1.06 13.97% |
Slightly above 62% of ShiftPixy's investor base is looking to short. The analysis of current outlook of investing in ShiftPixy suggests that many traders are alarmed regarding ShiftPixy's prospects. ShiftPixy's investing sentiment can be driven by a variety of factors including economic data, ShiftPixy's earnings reports, geopolitical events, and overall market trends.
ShiftPixy |
The current PIXY price target is 0.00. Learn why top analysts are making this price prediction for ShiftPixy at MarketBeat.
Read at marketbeat.com
ShiftPixy Fundamental Analysis
We analyze ShiftPixy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ShiftPixy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ShiftPixy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
ShiftPixy is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
ShiftPixy Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ShiftPixy stock to make a market-neutral strategy. Peer analysis of ShiftPixy could also be used in its relative valuation, which is a method of valuing ShiftPixy by comparing valuation metrics with similar companies.
Peers
ShiftPixy Related Equities
JOB | GEE | 27.27 | ||||
RANJY | Randstad Holdings | 1.80 | ||||
KELYA | Kelly Services | 0.49 | ||||
CWLPF | Caldwell Partners | 1.15 | ||||
TBI | TrueBlue | 1.72 |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Consideration for investing in ShiftPixy Stock
If you are still planning to invest in ShiftPixy check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ShiftPixy's history and understand the potential risks before investing.
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