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Momentum Stock Watch: ShiftPixy, Inc. (PIXY)

-- Sunday, August 1, 2021, 10:34 --

Company Profile:

ShiftPixy Inc. engages in the provision of staffing services and solutions. It is engaged in delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. The company is headquartered in Irvine, California and currently employs 13,400 full-time employees.

Recent News:

The company will be presenting at the D.A. Davidson Bison Select Conference on Wednesday, August 4, 2021. The company’s virtual presentation will take place at 11:00 am ET. The information provided in this release includes forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions.

On May 14, 2021, the company entered into a securities purchase agreement with a large institutional investor for a private placement of common stock and warrants exercisable for common stock expected to result in gross proceeds to the Company of approximately $12 million before deducting placement agent commissions and other transaction-related expenses payable by the Company.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

PIXY’s strengths can be seen in its strong growth and strong profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 38.76 with positive bias. We rate ShiftPixy, Inc. (PIXY) a STRONG BUY.

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