Do you know how rich you will be if you buy PIXY stock with a long term target? The growing tendency of PIXY shows a wealth-spinning potential in it that you must not miss.
In this article, we will show you all you need to know about PIXY, whether it is a good buy, how you can buy the stock, and PIXY stock price prediction covering 10 years.
What is PIXY Stock?
PIXY Stock is a capital-raising instrument of a company called ShiftPixy Inc., through which its shares are traded in the NASDAQ exchange under the ticker symbol ‘PIXY.’
ShiftPixy Inc. provides 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.
The company is a shifting and employment services provider, founded by Scott W. Absher and J. Stephen Holmes on June 3, 2015 with headquarters in Irvine, California, United States
Is PIXY Stock Publicly Traded?
Yes. On June 27, 2017, ShiftPixy (PIXY) completed its initial public offering of two million shares priced at $6.00 per share and netting the company $12 Million.
PIXY was originally listed at a price of $30,800.00 on Friday, Jun 30, 2017, on the NASDAQ Capital Market on under the ticker symbol PIXY.
How much is PIXY worth Today?
PIXY stock price moved from $0.14 to $20.58 and gained about 14589.51% on the last 24 hours during which the stock fluctuated 199.07% from a day low at $15.01 to a day high of $44.89.
The price has been going up and down for this period, and there has been a 9842.03% gain for the last 2 weeks.
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The company currently has 383,349 outstanding shares at $20.58 per share and the total value of PIXY stock, its market capitalization, is $7.89M.
If you had invested in Shiftpixy stock at $30,800.00, your return over the last 5 years would have been -99.93%, for an annualized return of -76.83%.
Is PIXY Stock Undervalued?
PIXY current value of $20.58 is undervalued by 5.73% relative to our estimate of its Fair Value price of $21.76 based on Discounted Cash Flow (DCF) modelling with a significant margin of safety.
Is PIXY Stock a Good Buy?
PIXY Stock holds several positive signals which we find sufficient for a buy candidate in the long term.
As at today the company had a $7.89 million market capitalization, putting it in the 6th percentile of companies in the Employment Services industry and Year-over-year quarterly sales growth measured at 1.1%, PIXY may be a good buy for both the short term and long term investors.
The consensus among 7 Penworldgurus analysts who had evaluated PIXY based on historical data and fundamentals is a good buy for this stock only in the long term.
We conclude that PIXY stock has a Growth Grade of C and momentum Grade of F, so whether or not you should buy PIXY stock is a decision that will depend on your investment goals, risk tolerance and allocation.
How You Buy PIXY Stock –Step-By-Step guide
Shares of PIXY stock can be purchased through online brokerage account. You therefore need a reputable online stock broker through whom you can trade on the PIXY stock.
The online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
To buy the PIXY Stock you must follow the steps below:
Step 1: Compare Trading Platforms
This will help you make a good choice of brokerage that suits your investment target. Use some comparison tables to help you find a platform that fits you.
Step 2: Open Your Brokerage Account.
This is your trading account to be opened with the brokerage firm. You must complete an application with your details and follow other procedures required by your broker.
Step 3: Confirm Your Payment Details.
You need to deposit sufficient money to your account so that you can trade. Ensure your payment detail is correct before you make such transfer using appropriate payment means.
Step 4: Research the Stock
Conduct a research online to locate the stock you want to buy. Find the stock by name or ticker symbol, in this case -PIXY- and research it before deciding if it is a good investment for you now.
Step 5: Purchase Now or Later
Buy your preferred quantity of PIXY stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
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Step 6: Check In On Your Investment.
Optimize your portfolio by tracking your PIXY portfolio regularly so as to know when your investment target is attained or when your investment strategy may be changed.
PIXY Stock Price Prediction -2022, 2023-2033
The prediction used Moving Average model and Discounted Cash Flow (DCF Model on PIXY stock historical price data to evaluate the fundamental dynamics of the stock and arrived at the following conclusions.
PIXY Stock Price Prediction 2022
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2022 | 20.72 | 18.65 | 22.79 | 54.30 |
Average price volatility is high and measured at about 54.30 as PIXY stock price moves upward and significantly exceeds $20.00 per share by the end of 2022.
PIXY Stock Price Prediction 2023
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2023 | 20.66 | 18.59 | 22. 73 | -68.07 |
Average price volatility is high and measured at -68.07. PIXY stock price may collapse in the year as the target price is lower compared to the preceding year.
This implies that PIXY stock price goes down in the year even in the face of high risk.
PIXY Stock Price Prediction 2024
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2024 | 22.67 | 19.93 | 25.42 | 81.06 |
Average price volatility is very high at 81.06 indicating high risk for the stock in the face of significant high price in the year.
There is evidence that PIXY shares price will exceed $22.00 per share in the year 2024.
PIXY Stock Price Prediction 2025
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2025 | 24.17 | 20.76 | 27.58 | 76.11 |
Average price volatility is high at 76.11 indicating high risk for the PIXY stock in the face of significant high price in the year. The price of PIXY will reach $24.00 per share in the year 2025.
PIXY Stock Price Prediction 2026
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2026 | 24.15 | 20.85 | 27.44 | -78.15 |
Average price volatility is high at -78.15 indicating that PIXY stock records a slight decline in price in the face of high volatility. The price difference with the preceding year is less than significant.
PIXY Stock Price Prediction 2027
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2027 | 25.68 | 21.60 | 29.77 | 59.30 |
Average price volatility is high and measured at 59.30. PIXY stock records a significant higher price in the year.
We have evidence to conclude that PIXY stock will reach or exceed $25.00 per share in the year 2027. This shows PIXY will trade at about $25.00 per share in the next 5 years.
PIXY Stock Price Prediction 2028
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2028 | 30.48 | 25.88 | 35.09 | 89.03 |
Average price volatility is very high at 89.03 as PIXY stock moves significantly upwards ion the face of high risk. There is evidence that PIXY shares price will reach $30.00 per share in the year 2028.
PIXY Stock Price Prediction 2029
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2029 | 35.77 | 29.89 | 41.65 | 94.16 |
Average price volatility is measured at 94.16. This means PIXY stock price will move significantly upwards compared to the preceding year.
At this time we expect PIXY to become a good buy and investors will be enticed by improved fundamentals.
PIXY Stock Price Prediction 2030
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2030 | 43.62 | 36.72 | 50.51 | 87.34 |
Average price volatility is measured at 87.34. This means that PIXY stock records a significant high price in the face of high risk this year.
There is evidence, however, to conclude that PIXY will reach or significantly exceed $40.00 per share margin in 2030.
PIXY Stock Price Prediction 2031
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2031 | 55.26 | 39.70 | 70.82 | 92.47 |
Average price volatility is high at 92.47 as PIXY stock records a quite significant increase through the year. There is evidence that PIXY stock will reach $55.00 per share in the year 2031. The upward momentum looks bullish.
PIXY Stock Price Prediction 2032
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2032 | 70.23 | 44.86 | 95.61 | 87.30 |
Average price volatility is very high at 87.30 indicating that PIXY records a significant high price in the face of a high risk.
There is evidence that PIXY shares will reach $70.00 per share in the year 2032. This means in 9 years to come PIXY will trade at $70.00 per share.
PIXY Stock Price Prediction 2033
| Year | Tar. Price ($) | Min. Price
($) |
Max. price
($) |
Avg. Vol. % |
| 2032 | 102.19 | 71.59 | 132.80 | 91.45 |
Average price volatility is high at 91.45. This means that PIXY stock records a significant high price in the face of high risk.
There is enough evidence to conclude that PIXY stock will reach about a $100.00 per share in 2033, that is, ten years from now. This trend may continue if market fundamentals remain favourable in the subsequent year.
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Bottom Line
The PIXY stock holds buy signals only from long-term moving averages given a long term positive forecast for the stock.
These signals get stronger as the long term draws closer making the PIXY a rather futuristic sort of investment.
Findings show that PIXY will reach $100.00 per share in the year 2033, that is, the next ten years. Therefore, your $1000 investment in PIXY today will give you $4,859.09 in the next ten years.
