Why Today Is the Best Time to Buy Pyxis Tankers Inc. [PXS] Stock at $0.98

Pyxis Tankers Inc. [PXS] shares are down more than -12.65% this year and recently increased 0.05% or $0.05 to settle at $0.98. PXS has a short ratio of 0.23. This implies that the market is currently less bullish on the outlook for PXS.

On 13, November 2020, Pyxis Tankers Announces Financial Results for the Three and Nine Months Ended September 30, 2020. According to news published on Yahoo Finance, Maroussi, Greece, November 13, 2020 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), a growth-oriented pure play product tanker company, today announced unaudited results for the three and nine months ended September 30, 2020.

Analyst Birdseye View:

The most recent analyst activity for Pyxis Tankers Inc. [NASDAQ:PXS] stock was on January 08, 2018, when it was Upgrade with a Buy rating from Maxim Group, which also raised its 12-month price target on the stock to $3. Before that, on April 24, 2018, Noble Financial Recapitulated a Buy rating and elevated its amount target to $2. On December 04, 2017, Maxim Group Downgrade a Hold rating and boosted its price target on this stock to $3.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.62 and a peak of $1.37. Right now, according to Wall Street analyst the average 12-month amount target is $1.57. At the most recent market close, shares of Pyxis Tankers Inc. [NASDAQ:PXS] were valued at $0.98.

FUNDAMENTAL ANALYSIS

Pyxis Tankers Inc. [NASDAQ:PXS] most recently reported quarterly sales of 5.08 billion, which represented growth of -15.40%. This company’s Gross Margin is currently 38.50%, its Operating Margin is -5.60%, its Pretax Margin is -30.01, and its Net Margin is -30.01. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -7.39, -23.16, 0.23 and -8.80 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 66.39 and the whole liability to whole assets at 58.12. It shows enduring liability to the whole principal at 56.96 and enduring liability to assets at 0.50 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.9149 points at 1st support level, the second support level is making up to 0.8496. But as of 1st resistance point, this stock is sitting at 1.0527 and at 1.1252 for 2nd resistance point.

Pyxis Tankers Inc. [PXS] reported its earnings at -$0.09 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.03/share signifying the difference of -0.06 and -200.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.06 calling estimates for -$0.06/share with the difference of 0 depicting the surprise of 0.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Pyxis Tankers Inc. [NASDAQ:PXS] is 0.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.09. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.86 and it’s amount to book ratio is 0.76.