While Pyxis Oncology Inc has overperformed by 1.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PYXS rose by 62.00%, with highs and lows ranging from $6.85 to $1.35, whereas the simple moving average fell by -17.33% in the last 200 days.
On August 08, 2024, Stifel started tracking Pyxis Oncology Inc (NASDAQ: PYXS) recommending Buy. BTIG Research also rated PYXS shares as ‘Buy’, setting a target price of $8 on the company’s shares in an initiating report dated February 09, 2024. Leerink Partners Initiated an Outperform rating on January 23, 2024, and assigned a price target of $12. RBC Capital Mkts initiated its ‘Outperform’ rating for PYXS, as published in its report on September 05, 2023. Jefferies’s report from November 02, 2021 suggests a price prediction of $25 for PYXS shares, giving the stock a ‘Buy’ rating. Credit Suisse also rated the stock as ‘Outperform’.
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Analysis of Pyxis Oncology Inc (PYXS)
One of the most important indicators of Pyxis Oncology Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -37.58% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 9.53, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PYXS is recording 451.86K average volume. On a monthly basis, the volatility of the stock is set at 5.11%, whereas on a weekly basis, it is put at 5.59%, with a loss of -2.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.50, showing growth from the present price of $3.24, which can serve as yet another indication of whether PYXS is worth investing in or should be passed over.
How Do You Analyze Pyxis Oncology Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 21.23%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 52.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PYXS shares are owned by institutional investors to the tune of 52.37% at present.
