Bargain stock hunters have honed in their attention of late on shares of ShiftPixy, Inc. (:PIXY). The stock is currently valued at $0.49 after moving 3.32% in the most recent session and 3.54% over the past 5 trading days. Given that the stock is priced cheaply, let’s take a look and see if there is any value here.
Here we’ll take a quick glance at how the stock price is currently trading in relation to some of its simple moving averages. At current levels, ShiftPixy, Inc. (:PIXY) shares have been seen trading -1.09% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by -6.59%. Using a broader approach, shares have been trading -57.73% off of the 200-day moving average. After the latest check-in, company stock is -36.19% off of the 50 day high and 38.31% away from the 50 day low price.
When trading the stock market, investors constantly have to deal with volatility. There are many different reasons why markets may see increased volatility. Whether it is political change, economic events, or even natural disasters, there is always something brewing that has the ability to disrupt the market. When a big event happens, investors might be faced with challenges and be forced to react. Overreacting to market downturns may be common, but it may also hurt the health of the stock portfolio. When the stock market gets choppy and slides, investors may be tempted to quickly pull money out. Pulling out of positions based on specific events may be the right move sometimes, but investors may find that they missed out on gains that followed after a rebound. Staying disciplined and being prepared can help the investor ride out temporary market turbulence.
In terms of performance, shares of ShiftPixy, Inc. (:PIXY) are -72.56% since the start of 2016. Over the past week, shares are 3.54%. Moving out to look at the previous month performance, the stock is at 10.36%. For the quarter, performance is at 29.15%. During the past six months, ShiftPixy, Inc. (:PIXY)’s stock has been -68.87% and -86.79% for the last 12 months.
As any seasoned investor knows, markets can move up or down in the blink of an eye. Investors who attempt to beat the market without creating a plan may find themselves grasping at straws down the line. Building a plan that included the right level of risk may be different for every individual. Managing risk and staying on top of the stock portfolio can help investors ride out the storm when it eventually rolls in. Anybody who manages their own portfolio knows that it can be extremely challenging at times. Finding a consistent process that works when markets become volatile can be a big help to the investor. Controlling emotions and conducting the necessary research can help the investor make the difficult decisions when they crop up.
Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.
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