📊[DEEP DIVE] Check Out This 648k Low Float, Former Runner Changing The Industry With AI
📊[DEEP DIVE] Check Out This 648k Low Float, Former Runner Changing The Industry With AI
First Featured Stock Of 2024!
OUR 1ST FEATURED STOCK OF 2024🥳🥳
This company CHECKS ALL THE BOXES and is our FIRST MUST WATCH STOCK OF 2024!
Stats:
LOW FLOAT only 648k per Yahoo Finance
90% Owned by Insiders Per Yahoo Finance
Expansion Headlines:
The CEO said, “We are now looking at acquiring several of these companies to create our own national footprint”
The company is AGGRESSIVE as the CEO said: “We have three Letters of Intent with companies that are moving towards definitive agreements and we are wrapping up financial diligence on those”
$PIXY has revolutionized the way hiring is done for Gig workers as the CEO Said: “Instant Interview is a feature that we are really excited to bring to market”
CHART
ShiftPixy [NASDAQ: PIXY] is a household name amongst the trading community due to strong history of prior rallies!
Recently the stock has ran from around $10 to $49 and $5.80 to $15!
The float is only around 648k shares (per yahoo finance) and a float of this size makes the stock more prone to volatile movements.
As we look at the chart below we can see that it is at a prior support level around the $5.50 mark and it has held around this level very strong since November.
👀Is the risk verse reward attractive here?
This is a SWING TRADE TO ADD TO THE WATCHLIST in our opinion due to the:
Current technical of the chart
Strong growth potential comments from the CEO
Former runner
Low float
Household name with over 17,000 Stocktwits subscribers.
Share Statistics
As we look at the companies share statics on Yahoo Finance we can see that the float is less than 1 million sitting at around 648k shares.
We can also see the % held by insiders is 90%!
Both of these combinations, low float and strong insider ownership make it more attractive for those looking for a stock that could see a potential volatile move!
Key Technical Area
The key technical area we want to watch is going to be the $5.80 level.
Above $5.80 would be seen as a technical breakout over resistance.
Due to the share structure and the low float, things could potentially move quick over this level so keep it on radar!
The Bottom Line
The bottom line is ShiftPixy (NASDAQ: PIXY) presents a compelling opportunity for traders and investors alike. The company's recent expansion plans, highlighted by the CEO's intent to acquire multiple companies, underscore its commitment to creating a national footprint. The aggressive approach, with three Letters of Intent already in progress, indicates tangible progress towards definitive agreements.
The revolutionary "Instant Interview" feature sets ShiftPixy apart in the gig worker hiring space, adding an innovative edge to its offerings. The recent surge in stock price, from $5.80 to $15 and $10 to $49, coupled with a low float of only 648k shares, makes PIXY an attractive candidate for those seeking potential volatile movements.
Analyzing the chart, we observe a strong support level around $5.50 since November. The current technical setup, combined with the CEO's positive growth comments and the company's history as a former runner, adds to the attractiveness of PIXY as a swing trade candidate.
With less than a million shares in the float and a significant 90% ownership by insiders, PIXY stands out as a stock with potential for substantial price movements. The key technical level to watch is $5.80, as a breakout above this point could signify a significant move, given the share structure and low float.
Here is my final take! ShiftPixy's unique position in the gig economy, coupled with its expansion plans and favorable share statistics, positions it as a stock worth considering for both short-term and long-term opportunities. As always, prudent risk management and careful monitoring of key technical levels are essential when navigating the dynamic landscape of the stock market.
Source Links: ShiftPixy, Inc. (PIXY) Valuation Measures & Financial Statistics (yahoo.com)
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Lusso’s News, LLC has been compensated $15,000 by a third party for marketing services on behalf of Shiftpixy [NASDAQ: PIXY]. This compensation covers the period from January 1, 2024, to April 1, 2024`. In the interest of transparency, it is important to note that Lusso’s News, LLC may receive additional advertising revenue from new advertisers and may collect email addresses from readers, which could be monetized.
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