Afternoon PIXY Update: Continuing A Green Trend, Here's Why You Need To Watch This NASDAQ Profile Closely
$50 Analyst Price Target From Zacks Small-Cap Research
After a smoking hot morning from PIXY where we saw a high of $5.33, today's NASDAQ profile continues to trend green.
This could be a big sign of what's to come.
Remember, as I highlighted in my initial report below, PIXY is known to make stunning short-term runs of over triple-digits.
Could today's news be the catalyst to light that next fire?
Make sure to re-read the press release again as it highlights the launch of a new suite of "marketing and support services." Here it is:
ShiftPixy Introduces ShiftPixy Labs
Exciting new suite of services extends ShiftPixy’s support of QSR end-to-end needs
IRVINE, Calif., July 29, 2020 (GLOBE NEWSWIRE) -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement platform provider, today announced the launch of ShiftPixy Labs – a new suite of marketing and support services for quick service restaurant operators (QSRs) seeing increased opportunities in the gig economy due to c-virus restrictions and lockdowns.
Through its unique gig engagement platform, ShiftPixy empowers restaurant operators to take full advantage of their human capital with powerful functionality to handle payroll, compliance and native delivery. The Company expects ShiftPixy Labs to provide additional layers of services and engagement, from business startup clear through to customer meal delivery.
“2020 has been a year of tremendous growth and transformation for ShiftPixy and I’m proud of the work we’ve accomplished in helping restaurants adapt to the challenges posed by CV-19,” said ShiftPixy Co-Founder and CEO Scott Absher. “ShiftPixy Labs is the next stage in our evolution. This is a bold new project that’s aiming to change the way restaurants are built from the ground up. In light of the combined forces of gig economics and CV, we think ShiftPixy Labs will be a vital resource for making operators agile amid market upheavals like we are experiencing today. We look forward to sharing more details of this exciting venture in the coming weeks.”
Read the full article here and my initial PIXY report below .
Your new stock profile for Wednesday, July 29th is:
*ShiftPixy, Inc. (NASDAQ: PIXY)*
ShiftPixy is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce.
And, right now, you need to pull up PIXY for this first MAJOR reason:
#1 Potential Breakout Catalyst For PIXY - Share Structure
Here's a NASDAQ stock with an interesting share structure to take into consideration.
According to Yahoo Finance, there are only 3.49Mn shares in PIXY's float.
This amount is tiny...
When a stock has a float this small, the potential for volatility/price spiking is ever-present.
All PIXY may need for a potential short-term breakout is some good company news to bring buzz to the stock. Extreme vertical movement up the charts could follow.
> PIXY Has A History Of Short-term Breakouts In 2020 <
#1. On January 7th, the stock closed at $8.07 and during the following session hit a high of $27.50!
That's a whopping short-term surge of approximately 240%.
#2. That's not all... On March 18th, PIXY opened at $5.25 and ran that day to a high of $16.93.
Overall, that intraday surge amounted to an approximate 222% run.
#3. PIXY opened April 14th's session at $4.93 only to race to a high on the 15th of $11.40.
This short-term run can be calculated as an approximate 131% explosion.
#4. Most recently, PIXY opened on May 18th at $6.36 only to shoot to a high of $15.56 one day later.
That's right. PIXY made another triple-digit run in the amount of approximately 144%.