ShiftPixy Inc. (PIXY:NSD) STA Research Assigns Speculative Buy, $21 target

STA Research
by: STA Research
ShiftPixy Inc

STA Research assigns a Speculative Buy rating, and a 12 month target of $21 per share.

Based on the ShiftPixy stock forecasts from  analysts, the average analyst PIXY stock price target is $21 over the next 12 months. ShiftPixy Inc’s average analyst rating of Speculative. Stock Target Advisor’s own stock analysis of ShiftPixy stock is Bearish, which is based on 2 positive signals and 6 negative signals. At the last closing, ShiftPixy stock price was USD 20.58ShiftPixy stock price has changed by +20.37% over the past week, +20.37% over the past month and -85.61% over the last year.

About ShiftPixy Inc. (PIXY:NSD):

ShiftPixy, Inc., together with its subsidiaries, provides staffing solutions in the United States. It offers employment administrative services, such as payroll processing, human resources consulting, and workers’ compensation administration and coverage. The Company also operates human resources information systems platform to assist in customer acquisition for the onboarding of new clients into the company’s closed proprietary operating and processing information system. It primarily serves restaurant and hospitality service industries. The company was incorporated in 2015 and is headquartered in Miami, Florida.

 

What we like:

Underpriced compared to book value:

PIXY stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Revenue Growth:

PIXY stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

 

What we don’t like:

Low market capitalization:

ShiftPixy stock is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

High volatility:

The total returns for PIXY stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Negative cashflow:

PIXY stock had negative total cash flow in the most recent four quarters.

Negative free cash flow:

PIXY stock had negative total free cash flow in the most recent four quarters.

Low Earnings Growth:

PIXY stock has shown below median earnings growth in the previous 5 years compared to its sector

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