At the time of writing, Pixelworks Inc [PXLW] stock is trading at $2.73, up 3.80%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PXLW shares have gain 5.00% over the last week, with a monthly amount glided 80.79%, and seem to be holding up well over a long-time horizon.
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On 8, February 2024, Pixelworks Reports Fourth Quarter and Fiscal Year 2023 Financial Results. In a post published today on Yahoo Finance, Total Revenue for the Fourth Quarter Increased 25% Sequentially and 19% Year-over-Year.
From an analyst’s perspective:
Pixelworks Inc [NASDAQ: PXLW] stock has seen the most recent analyst activity on February 09, 2024, when Needham reiterated its Buy rating and also boosted its price target to $3.50 from $3. Previously, Colliers Securities upgraded its rating to Buy on January 18, 2022, and kept the price target unchanged to $5. On October 11, 2021, Needham initiated with a Buy rating and assigned a price target of $7 on the stock. Colliers Securities downgraded its rating to a Neutral. Lake Street upgraded its rating to a Buy. Lake Street downgraded its rating to Hold for this stock on November 01, 2019, but kept the price target unchanged to $3.50. In a note dated May 03, 2019, Dougherty & Company reiterated an Buy rating on this stock and revised its target price from $6.50 to $5.50.
For the past year, the stock price of Pixelworks Inc fluctuated between $1.01 and $2.98. Pixelworks Inc [NASDAQ: PXLW] shares were valued at $2.73 at the most recent close of the market.
Analyzing the PXLW fundamentals
According to Pixelworks Inc [NASDAQ:PXLW], the company’s sales were 59.68M for trailing twelve months, which represents an 18.87% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.59 points at the first support level, and at 2.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.82, and for the 2nd resistance point, it is at 2.92.
Pixelworks Inc [PXLW] reported earnings per share of -$0.05 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of -$0.01 and a surprise factor of -25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.1 per share as compared to estimates of -$0.11 per share, a difference of $0.01 representing a surprise of 9.10%.
Ratios To Look Out For
It is important to note that Pixelworks Inc [NASDAQ:PXLW] has a current ratio of 5.26. As well, the Quick Ratio is 4.94, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 9.54.
Transactions by insiders
Recent insider trading involved Aman Haley F, Chief Financial Officer, that happened on Feb 16 when 12563.0 shares were sold. President and CEO, DEBONIS TODD completed a deal on Feb 15 to sell 56412.0 shares. Meanwhile, Chief Financial Officer Aman Haley F sold 17926.0 shares on Feb 15.
