In a challenging year for ShiftPixy Inc., the company's stock has touched a 52-week low, trading at $1.35. This price point marks a significant downturn for the human capital management service provider, which has seen its stock value plummet over the past year. The 1-year change data paints a stark picture, with ShiftPixy's stock value eroding by an alarming 93.81%. This dramatic decline has left investors and market analysts closely monitoring the company's performance and potential strategies to stabilize and regain its market position.
InvestingPro Insights
In light of ShiftPixy Inc.'s recent performance, InvestingPro data provides further context to the company's financial health. With a market capitalization of just $8.38 million USD, the company's valuation reflects the challenges it faces. The revenue for the last twelve months as of Q3 2024 stands at $15.02 million USD, but this represents a significant decline of 27.85%, indicating struggles in growing top-line sales. Moreover, gross profit margins are notably thin at 3.88%, underscoring the company's difficulty in translating sales into meaningful profitability.
InvestingPro Tips highlight critical areas for potential investors to consider. The stock's RSI suggests it is in oversold territory, which could interest those looking for a rebound opportunity. However, it's essential to note that the stock has experienced high price volatility, and analysts do not expect the company to be profitable within this year. For those considering deeper analysis, there are 16 additional InvestingPro Tips available, providing a comprehensive view of ShiftPixy's financial and market performance.
As ShiftPixy navigates through its current challenges, these InvestingPro Insights can help investors make informed decisions, whether they're looking for turnaround candidates or assessing the risk profile of their portfolios. For a more detailed analysis, including more tips and metrics, investors can visit InvestingPro.
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