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Saturday, January 16, 2021

Can We Expect More Volatility From Pyxis Tankers Inc. (PXS)?

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Pyxis Tankers Inc. (PXS) shares are trading at higher $0.98 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $1.37 and the low is $0.62. Over the last 52 weeks, PXS is down -12.65% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, PXS reported a profit of $1.57 million. Pyxis Tankers Inc. also saw revenues increase to $5.08 million. In addition, PXS has free cash flow of -$10.11 million as of 09-2020. The company’s EBITDA came in at $0.69 million which compares well with its peers.

PXS booked profit margins of -27.00%, its Return on Equity (ROE) is -22.60%, and its Return on Assets is -7.10%. All told, it is clear that, PXS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PXS has a short ratio of 0.23 and outstanding shares of 21.49M.

Company Outlook

PXS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.69 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.32. Pyxis Tankers Inc. PXS also noted assets of $91.95 million at the end of the last quarter. Investors should also keep an eye on sector updates as PXS has historically followed its peers on positive news.

All told, Pyxis Tankers Inc. PXS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PXS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Pyxis Tankers Inc. PXS is now commanding a market cap of 20.20M and a float of 3.96M. PXS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PXS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in PXS, either long or short, and we have not been compensated for this article.

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