[DEEP DIVE PART 2] Our Featured Stock: $PIXY SHIFTPIXY INC Bullish Sentiment
[DEEP DIVE PART 2] Our Featured Stock: $PIXY SHIFTPIXY INC Bullish Sentiment
Check Out This DD On PIXY Stock
Guys and Gals,
Take a minute to read some due diligence on by AlertsPicks.com on our FEATURED STOCK ShiftPixy [NASDAQ:PIXY].
🤯We put this one on your radar yesterday and it soared big time!
💥🥳Congrats on those that caught this one, we are watching for a potential breakout level TODAY around the $6 area!
Why We’re Bullish On $PIXY,
and Anticipate Substantial Potential Upside Ahead…
1:The United States staffing and recruiting industry is substantial, showcasing a noteworthy market size of $218 billion in 2023, and it is expected to sustain a steady growth with a 3.4% compound annual growth rate (CAGR) through 2026.
2:The growth of the gig economy is changing the labor market and more and more companies are making use of professional gig workers in place of hiring employees.
The staffing workforce solutions industry makes a vital contribution to the U.S. economy while servicing businesses across virtually all industries.
3:PIXY’s business model targets staffing in the gig economy, positioning the company as a serious player with immense potential, considering the evolution and compound annual growth rate (CAGR) of both industries.
4:The float of this hidden gem is incredibly small, with just around 600K shares in the free float. This tight float has the potential to make things even more dynamic. It typically leads to rapid and substantial movements, thanks to the company’s focus on technology development, partnerships, and strategic acquisitions by its operators.
5:$PIXY has yet to receive any coverage initiation this year, and with its current trading price at $5.60, the initiation of just one coverage could potentially drive it to trade in the double-digit range.
6:PIXy’s CEO, Scott Absher, is an extraordinary operator with 30 years of experience in organizational and capital development. As the co-founder and CEO of ShiftPixy, he brings expertise from high-level executive roles, showcasing a successful track record in business development, sales, and management. Absher’s unique contributions include his involvement in building national sales organizations, demonstrating rare competence in the industry.
The Growth Stage Has Been Set
Businesses are just beginning to open their eyes to what appears to be inevitable.
There are several reasons why gig economy is growing in popularity. For many people, gig work provides a way to earn money without having to commit to a traditional 9-to-5 job. This can be particularly appealing for people who want to work from home or have other commitments that make full-time employment difficult.
Gig economy also offers businesses a wide number of advantages. On-demand services are often more efficient and cost-effective than traditional methods, and gig workers can be quickly deployed to meet changing demands.
The gig economy is expanding 3x faster than the total US workforce and Over 50% of the US workforce is likely to participate in the gig economy by 2027.
The Hype Is Real: Here’s Why!
16% of American adults have reported having earned money on online gig platforms at some point. 9% of adults have reported gig platform-related income in the past 12 months
Working in the gig economy makes 82% of the workforce happier. Additionally, 69% of the freelance workforce say this type of working positively influences their health. Moreover, 53% say they feel more secure working on their own compared to having a traditional job, according to gig economy research.
In ShiftPixy’s ecosystem, businesses can maintain consistently filled schedules and well-stocked workforces on demand. The system monitors employees’ experiences and ratings as they engage with the ShiftPixy ecosystem, identifying the best local workers and seamlessly incorporating them as needed to avoid toxic turnover.
$PIXY has created a turn-key solution for companies to access an instant workforce.
$PIXY IS READY TO FLY,
We’re not introducing you to a company that will swamp its investors with years of technology development, business model restructuring, and a convoluted narrative to create something costing millions. NO WAY!!!! ShiftPixy Inc $PIXY serves it all on a silver platter; they have everything ready from A to Z.
The ShiftPixy Human Resources Information System (“HRIS”) technology platform supports and performs the duties and demands of human capital management at enormous scale.
The PIXY TEAM has unleashed the next-gen platform that’s a game-changer for employers and employees alike. Shiftpixy is a powerhouse, revolutionizing how job providers connect with the dynamic part-time workforce of today. Its design seamlessly syncs job opportunities with the open time slots of available shift workers, creating unparalleled efficiency.
The ShiftPixy app puts the power in the hands of shift workers, allowing them to enroll, build profiles, and prequalify based on their work and training experience for a myriad of exciting shift opportunities. This is not just innovation; it’s a force that’s aggressively shaping the future of workforce connectivity & optimization.
We’re not kidding when we say this $PIXY alert is handed on a silver platter.
The Soon To Be FOMO-Inducing Company For Investors
$PIXY TWEET’s & PR’s ARE VERY REVEALING.
Highlights For Investors
✅1:Acquisitions
The CEO has repeatedly referenced their aggressive playbook for 2024, outlining strategic acquisitions of major players in their domains to solidify and dominate their market presence. This isn’t just a game plan; it’s a bold offensive strategy that signals a relentless pursuit of industry consolidation and market leadership.
✅2:”Extremely large debt facility”
When a CEO confidently reveals they’ve been orchestrating an incredibly substantial debt facility to acquire competitors, you can bet something seismic is on the horizon. And let’s not forget, this CEO boasts an exceptionally seasoned financial background with over 30 years in their respective domain. When someone of this caliber requests cash from a bank, you better believe that the financial institutions are hanging on every word, recognizing the potential for a game-changing move.
✅3:Extremely Tight Float
$PIXY is positioned for a bullish explosion with its free float standing at a mere 587,000 shares. Picture this: the potential supernova is in the making, especially if the recent catalyst materializes. But wait, there’s a bold move from the CEO – not a single $PIXY share has been sold. Confirming this in an interview, the CEO’s unwavering commitment adds an extra layer of bullish intensity to the $PIXY narrative. Brace yourself for a financial crescendo that could reshape the landscape.
✅4:Short Squeeze Potential
Short sellers took advantage of the summer 2023 cycle to wreck and short anything moving in the small cap land. ShiftPixy’s CEO, Scott Absher, declared, “I’ve been closely tracking the patterns of naked short selling on $PIXY. What’s happening now is beyond wild – algorithmic trading running rampant through a black box that blatantly defies Regulation SHO and the Fair Market Making Requirement. We’ve had enough. In May 2023, we didn’t just sit around; we brought in a registered broker-dealer to comb through $PIXY trading data and file FinCEN 314(b) suspicious activity reports (“SAR”). You don’t enlist a broker-dealer on a whim; the CEO knows something, and he’s not here to play games. This move is a bold declaration against those engaging in questionable practices., these folks will have to cover their positions and at the same time buy back the shares they borrowed to get out.
✅5:The gig economy has been steadily booming over the last decade.
People enter the gig economy for various reasons, with flexibility and control remaining key motivators. When questioned about their freelancing motivations, responses like “to have flexibility in my schedule,” “to be in control of my own financial future,” and “to work from the location of my choosing” consistently top the list. This is primarily because, unlike traditional 9-to-5 employee setups, freelancers are their own bosses. They decide when, where, and for whom they work, allowing them to take charge of their schedules and lives. PIXY is perfectly positioned to offer just that with its cutting-edge staffing platform.
STARS-SKY TECHNICALS ALIGNMENT
The price of $PIXY is at 5.65 cents, the RSI is oversold, and the Monthly MACD is about to converge towards the positive. The $5.50 area mark seems to provide strong support, and the last time $PIXY hit this area, it triggered a 180% rally, propelling the stock to $15.
So, we have a stock sitting on substantial support, with an RSI signaling oversold conditions and an MACD on the verge of convergence with a major catalyst coming and potential naked short waiting to get blow out of their positions.
See for yourself.
The Opportunity For Investors
To invest in a company that has a de-risked platform,(already commercialized) with massive multi-way commercialization upside in a tight market which we believe will experience a squeeze because of the growing CAGR from 2023 to 2032.
With only 600K shares currently in the Free Float, ShiftPixy $PIXY has the potential to experience dramatic moves in the market.
The company underwent a 1:24 reverse split in October, causing the stock to reach $50 from $9. Now, trading at $5.70, it presents a compelling opportunity to start loading up. The question is: how much can it retrace from its October levels?
In this fast-booming gig economy, THE FEAST IS OPEN, and everyone gets a slice – you just need to CHOOSE THE RIGHT TABLE . We believe $PIXY table is not only good but also offers fantastic perspectives around these level’s.
Stock Information
Just from an investor standpoint, ShiftPixy metrics are more than appealing. Its share structure is incredibly tight while being significantly undervalued. Their 2024 acquisition project, should bring $PIXY market cap at a fair valuation. NASDAQ: $PIXY trades over the last 52 weeks between $5.20 to $50. Again, keep in mind the $PIXY platform is derisked, and it has everything to become a significant player in the Staffing space.
NO COVERAGE Initiated has been done on $PIXY this year. With the current trading price at $5.50, just one Coverage Initiated could make it move lightning crazy fast.
The One Key Takeaway
We think ShiftPixy Inc NASDAQ:$PIXY is an extremely hot stock right now.
Not only are they unlike any other small cap company, but they actually have a very good business model
This is a massive catalyst for market cap explosion, which we think could be coming sooner than later.
Couple that with their 600K free float and the catalyst of acquisitions for 2024, and BOOM.
If things continue to go the way they are looking, SHIFTPIXY (NASDAQ:$PIXY) could capitalize on the momentum market shift in Staffing Business model.
We could only guess what would happen to ShiftPixy market cap.
We urge you to look into ShiftPixy ($PIXY) for yourself.
Sources
www.shiftpixy.com,https://www.statista.com
https://finance.yahoo.com/news/gig-economy-steadily-booming-over-191559689.html
https://www.techtarget.com/whatis/feature/Gig-economy-statistics
https://teamstage.io/gig-economy-statistics/
https://www.rallyware.com/blog/gig-economy-growth-predictions-2024-how-high-inflation-higher-interest-rates-affect-gig-work-direct-selling
https://enterprise.fiverr.com/blog/2024-gig-economy-trends-to-watch-in-the-freelance-industry/
https://www.startus-insights.com/innovators-guide/gig-economy-trends/
https://mariskarichters.com/2021/03/05/what-is-the-gig-economy/
https://www.grandviewresearch.com/Filters?search=gig+economy&search_submit=+
https://financesonline.com/gig-economy-statistics/
https://pos.toasttab.com/blog/on-the-line/gig-economy
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