Stay Ahead of Wall Street. Find out what is happening to Pyxis Tankers Inc. (NASDAQ:PXS) stock today? Its price is jumping 0.05 points, trading at $1.18 levels, and is up 4.03% from its previous close of $1.13. The shares seem to have an active trading volume day with a reported 109212 contracts so far this session. PXS shares had a relatively better volume day versus average trading capacity of 190.01 thousand shares, but with a 4 million float and a 1.79% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for PXS stock indicates that the average analyst price target is $2.25 per share. This means the stock has a potential increase of 90.68% from where the PXS share price has been trading recently which is between $1.08 and $1.17. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $2.
The shorts are running away from Pyxis Tankers Inc. (PXS) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a drop in short interest in PXS shares. While short interest still represents only 6.54% of PXS’s float, the number of shares shorted have fallen by -15949. The number of shares shorted fell to 245680 shares, down from 261629 shares during the preceding fortnight. With average daily trading volumes at 64238 shares, days to cover increased to about 1.253229 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Pyxis Tankers Announces Filing of Form 20-F for the Year Ended December 31, 2018” and dated March 29, 2019.
During the recent trading session for Pyxis Tankers Inc. (NASDAQ:PXS), the company witnessed their stock drop by $-0.01 over a week and tumble down $-0.18 from the price 20 days ago. When compared to their established 52-week high of $3.7, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 11/01/18. The recent low of $0.64 stood for a -68.11% since 12/20/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of -1.05 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Pyxis Tankers Inc., the two-week RSI stands at 43.12. This figure suggests that PXS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current PXS readings is similarly very revealing as it has a stochastic reading of 38.01% at this stage. This figure means that PXS share price today is being neutral.
Technical chart claims that Pyxis Tankers Inc. (PXS) would settle between $1.18/share to $1.22/share level. However, if the stock price goes below the $1.09 mark, then the market for Pyxis Tankers Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.04 for its downside target.
Analysts at Noble Financial, assumed coverage of PXS assigning Buy rating, according to their opinion released on April 24. Maxim Group analysts bumped their rating on Pyxis Tankers Inc. (NASDAQ:PXS) stock from Hold to Buy in a separate flash note issued to investors on January 08. Analysts at Maxim Group lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to December 04.
PXS equity has an average rating of 2, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated Pyxis Tankers Inc. (NASDAQ:PXS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, PXS stock price is currently trading at 12.6X forward 12-month Consensus EPS estimates, and its P/S ratio is 1.13 while for the average stock in the same group, the multiple is 0.65.
Pyxis Tankers Inc. (PXS)’s current-quarter revenues are projected to climb by nearly 20.18% to hit $7.92 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 26.08% from $28.46 million to a noteworthy $35.88 million. At the other end of the current quarter income statement, Pyxis Tankers Inc. is expected to see its adjusted earnings surge by roughly 0% to hit $-0.1 per share. For the fiscal year, PXS’s earnings are projected to climb by roughly 59.18% to hit $-0.2 per share.