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DEEP DIVE: Check Out This 648k Low Float, Former Runner Changing The Industry With AI

Published

4 months ago

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The Chartist Column

Remember ShiftPixy [NASDAQ: PIXY], the stock that made waves a few months back, capturing attention across trading circles?

Guess what? It’s back in the spotlight!

Head over to StocksToWatch2024.com now because PIXY has just been featured on the website! 🌟

This article is all about diving into the nitty-gritty of PIXY, sharing some insightful due diligence you won’t want to miss!

Stats:

  • LOW FLOAT only 648k per Yahoo Finance
  • 90% Owned by Insiders Per Yahoo Finance

Expansion Headlines:

  • The CEO said, “We are now looking at acquiring several of these companies to create ​our own national footprint”
  • The company is AGGRESSIVE as the CEO said: “We have three Letters of Intent with ​companies that are moving towards definitive agreements and we are wrapping up ​financial diligence on those”
  • $PIXY has revolutionized the way hiring is done for Gig workers as the CEO Said: ​“Instant Interview is a feature that we are really excited to bring to market”

CHART

ShiftPixy [NASDAQ: PIXY] is a household name amongst the trading community due to strong history of prior rallies!

Recently the stock has ran from around $10 to $49 and $5.80 to $15!

The float is only around 648k shares (per yahoo finance) and a float of this size makes the stock more prone to volatile movements.

As we look at the chart below we can see that it is at a prior support level around the $5.50 mark and it has held around this level very strong since November.

👀Is the risk verse reward attractive here?

This is a SWING TRADE TO ADD TO THE WATCHLIST in our opinion due to the:

  • Current technical of the chart
  • Strong growth potential comments from the CEO
  • Former runner
  • Low float
  • Household name with over 17,000 Stocktwits subscribers.

Share Statistics

As we look at the companies share statics on Yahoo Finance we can see that the float is less than 1 million sitting at around 648k shares.

We can also see the % held by insiders is 90%!

Both of these combinations, low float and strong insider ownership make it more attractive for those looking for a stock that could see a potential volatile move!

Key Technical Area

The key technical area we want to watch is going to be the $5.80 level.

Above $5.80 would be seen as a technical breakout over resistance.

Due to the share structure and the low float, things could potentially move quick over this level so keep it on radar!

The Bottom Line

The bottom line is ShiftPixy (NASDAQ: PIXY) presents a compelling opportunity for traders and investors alike. The company’s recent expansion plans, highlighted by the CEO’s intent to acquire multiple companies, underscore its commitment to creating a national footprint. The aggressive approach, with three Letters of Intent already in progress, indicates tangible progress towards definitive agreements.

The revolutionary “Instant Interview” feature sets ShiftPixy apart in the gig worker hiring space, adding an innovative edge to its offerings. The recent surge in stock price, from $5.80 to $15 and $10 to $49, coupled with a low float of only 648k shares, makes PIXY an attractive candidate for those seeking potential volatile movements.

Analyzing the chart, we observe a strong support level around $5.50 since November. The current technical setup, combined with the CEO’s positive growth comments and the company’s history as a former runner, adds to the attractiveness of PIXY as a swing trade candidate.

With less than a million shares in the float and a significant 90% ownership by insiders, PIXY stands out as a stock with potential for substantial price movements. The key technical level to watch is $5.80, as a breakout above this point could signify a significant move, given the share structure and low float.

Here is my final take! ShiftPixy’s unique position in the gig economy, coupled with its expansion plans and favorable share statistics, positions it as a stock worth considering for both short-term and long-term opportunities. As always, prudent risk management and careful monitoring of key technical levels are essential when navigating the dynamic landscape of the stock market.

Source Links: ShiftPixy, Inc. (PIXY) Valuation Measures & Financial Statistics (yahoo.com)

OUR 1ST FEATURED STOCK OF 2024🥳🥳

This company CHECKS ALL THE BOXES and is our FIRST MUST WATCH STOCK OF 2024!

Stats:

  • LOW FLOAT only 648k per Yahoo Finance
  • 90% Owned by Insiders Per Yahoo Finance

Expansion Headlines:

  • The CEO said, “We are now looking at acquiring several of these companies to create ​our own national footprint”
  • The company is AGGRESSIVE as the CEO said: “We have three Letters of Intent with ​companies that are moving towards definitive agreements and we are wrapping up ​financial diligence on those”
  • $PIXY has revolutionized the way hiring is done for Gig workers as the CEO Said: ​“Instant Interview is a feature that we are really excited to bring to market”

CHART

ShiftPixy [NASDAQ: PIXY] is a household name amongst the trading community due to strong history of prior rallies!

Recently the stock has ran from around $10 to $49 and $5.80 to $15!

The float is only around 648k shares (per yahoo finance) and a float of this size makes the stock more prone to volatile movements.

As we look at the chart below we can see that it is at a prior support level around the $5.50 mark and it has held around this level very strong since November.

👀Is the risk verse reward attractive here?

This is a SWING TRADE TO ADD TO THE WATCHLIST in our opinion due to the:

  • Current technical of the chart
  • Strong growth potential comments from the CEO
  • Former runner
  • Low float
  • Household name with over 17,000 Stocktwits subscribers.

Share Statistics

As we look at the companies share statics on Yahoo Finance we can see that the float is less than 1 million sitting at around 648k shares.

We can also see the % held by insiders is 90%!

Both of these combinations, low float and strong insider ownership make it more attractive for those looking for a stock that could see a potential volatile move!

Key Technical Area

The key technical area we want to watch is going to be the $5.80 level.

Above $5.80 would be seen as a technical breakout over resistance.

Due to the share structure and the low float, things could potentially move quick over this level so keep it on radar!

The Bottom Line

The bottom line is ShiftPixy (NASDAQ: PIXY) presents a compelling opportunity for traders and investors alike. The company’s recent expansion plans, highlighted by the CEO’s intent to acquire multiple companies, underscore its commitment to creating a national footprint. The aggressive approach, with three Letters of Intent already in progress, indicates tangible progress towards definitive agreements.

The revolutionary “Instant Interview” feature sets ShiftPixy apart in the gig worker hiring space, adding an innovative edge to its offerings. The recent surge in stock price, from $5.80 to $15 and $10 to $49, coupled with a low float of only 648k shares, makes PIXY an attractive candidate for those seeking potential volatile movements.

Analyzing the chart, we observe a strong support level around $5.50 since November. The current technical setup, combined with the CEO’s positive growth comments and the company’s history as a former runner, adds to the attractiveness of PIXY as a swing trade candidate.

With less than a million shares in the float and a significant 90% ownership by insiders, PIXY stands out as a stock with potential for substantial price movements. The key technical level to watch is $5.80, as a breakout above this point could signify a significant move, given the share structure and low float.

Here is my final take! ShiftPixy’s unique position in the gig economy, coupled with its expansion plans and favorable share statistics, positions it as a stock worth considering for both short-term and long-term opportunities. As always, prudent risk management and careful monitoring of key technical levels are essential when navigating the dynamic landscape of the stock market.

Source Links: ShiftPixy, Inc. (PIXY) Valuation Measures & Financial Statistics (yahoo.com)

DISCLAIMER: Lusso’s News LLC offers no guarantees and provides forward-looking statements with the sole purpose of offering personal enjoyment and entertainment to its readers and viewers. If you choose to purchase any securities mentioned in our articles, posts, newsletters, or comments, you agree to hold Lussosnews.Com, Powerhouse.substack.com, Lusso’s News, LLC and all of the authors free and harmless from any liability. Investing in financial markets is risky, and you may lose your entire investment at any time. Lusso’s News, LLC never guarantees or offers recommendations, and the company will not be responsible for any loss or damage that occurs.

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We want to make it clear that our information is subject to our terms and conditions and disclaimer. Our report is for informational purposes only and is not a buy or sell investment or trade advice. No specific outcome or profit is guaranteed, and the full risk of losing money on a trade applies. Please understand that our writers and traders are not licensed or financial advisors

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WE are NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Both, WE nor any of its owners or employees are registered as a securities broker-dealer, broker, ​investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. We do ​NOT give out advice, this is intended to be ONLY a publication for information and education.

PAID ADVERTISEMENT

Lusso’s News, LLC has been compensated $15,000 by a third party for marketing services on behalf of Shiftpixy [NASDAQ: PIXY]. This compensation covers the period from January 1, 2024, to April 1, 2024`. In the ​interest of transparency, it is important to note that Lusso’s News, LLC may receive additional advertising revenue from new advertisers and may collect email addresses from readers, which could be monetized.

Investors and readers are advised to consider this information carefully and conduct their own due diligence before making any investment decisions. This advertisement and other marketing efforts may contribute to ​increased investor and market awareness, potentially leading to a rise in the number of shareholders and trading activities related to the securities of PIXY.

It should be understood that any increases in trading volume or share price as a result of this advertisement and marketing efforts may be temporary and may decline once the advertising arrangement concludes. Lusso’s ​News, LLC aims to provide accurate and unbiased information, but readers are encouraged to verify details and seek professional advice before making any financial decisions related to the mentioned securities.

Please be aware that investing involves risks, and past performance is not indicative of future results. Always consider consulting with a qualified financial advisor before making investment decisions. Lusso’s News, LLC ​may be buying or selling anytime.

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Markets

The Most Shorted Stocks as of Late March 2024

Published

2 weeks ago

on

April 24, 2024

By

DO NOT MISS THIS FREE OPPORTUNITY!

ARE YOU A TRADER?

DO YOU WANT FREE STOCK PICKS?

CHECK THIS OUT….

Ready to elevate your trading game with the next big winner? Don’t miss out – join the savvy investors who are already benefiting from our Wall St veteran’s free SMS alerts. Act now! Sign up at https://slktxt.io/ZmRx or send ‘FREE’ to 844-722-9743 and be the first to get the insider scoop on what’s hot in the market

Short selling is a strategy used by investors who believe that a stock’s price will decline, allowing them to buy it back at a lower price in the future. Market participants closely watch the most shorted stocks as they can be indicative of market sentiment or potential volatility. Based on the latest data from MarketWatch, here are the stocks with the highest short interest as of March 28, 2024.

1. IMAC Holdings Inc. (NASDAQ: BACK)

  • Price: $3.30
  • 1-Day Change: +6.80%
  • Year-To-Date Change: +49.32%
  • Short Interest: 880,148 shares
  • Percent of Float Shorted: 93.92%

IMAC Holdings stands out with a massive 93.92% of its float being shorted, indicating significant bearish sentiment despite a strong year-to-date performance.

2. XTI Aerospace Inc. (OTC: XTIA)

  • Price: $2.86
  • 1-Day Change: +5.15%
  • Year-To-Date Change: -49.11%
  • Short Interest: 381,503 shares
  • Percent of Float Shorted: 78.91%

XTI Aerospace has seen nearly 79% of its float shorted amidst a substantial decline in its stock price this year.

3. SunPower Corp. (NASDAQ: SPWR)

  • Price: $1.96
  • 1-Day Change: -8.41%
  • Year-To-Date Change: -59.42%
  • Short Interest: 39,254,967 shares
  • Percent of Float Shorted: 76.64%

SunPower, a solar energy company, faces skepticism with over three-quarters of its float shorted following a sharp drop in its stock price.

4. BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN)

  • Price: $0.97
  • 1-Day Change: +6.61%
  • Year-To-Date Change: -98.50%
  • Short Interest: 410,370 shares
  • Percent of Float Shorted: 75.67%

BYND Cannasoft has witnessed an extreme decline in its price this year, coupled with a high short interest.

5. B. Riley Financial Inc. (NASDAQ: RILY)

  • Price: $21.72
  • 1-Day Change: +0.84%
  • Year-To-Date Change: +3.48%
  • Short Interest: 12,260,125 shares
  • Percent of Float Shorted: 75.47%

B. Riley Financial appears more resilient, showing a positive year-to-date return, yet it still faces significant short pressure.

Other Notable Mentions:

  • Biomea Fusion Inc. (NASDAQ: BMEA), Arbor Realty Trust Inc. (NYSE: ABR), and MicroCloud Hologram Inc. (NASDAQ: HOLO) also feature in the top 10 most shorted stocks, with short interests ranging from 41% to 48%.

Analysis:

Investors short sell stocks for various reasons, including speculation on price declines or hedging against potential downturns. The companies listed above are experiencing significant short interest, which could lead to price volatility, particularly if there is a sudden positive shift in their fundamentals, possibly leading to a short squeeze.

It’s essential for investors to conduct thorough research and consider multiple factors when investing in or short selling stocks, especially those with high short interest, as they can be particularly volatile.

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Markets

Understanding a Flash Crash in the Stock Market

Published

3 weeks ago

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April 19, 2024

By

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DO YOU WANT FREE STOCK PICKS?

CHECK THIS OUT….

Ready to elevate your trading game with the next big winner? Don’t miss out – join the savvy investors who are already benefiting from our Wall St veteran’s free SMS alerts. Act now! Sign up at https://slktxt.io/ZmRx or send ‘FREE’ to 844-722-9743 and be the first to get the insider scoop on what’s hot in the market

In the fast-paced world of finance, few events can instill as much immediate fear and confusion as a “flash crash.” This term describes an event where stock prices plummet sharply within an extremely short period—often just minutes—before often rebounding just as quickly. These rapid and dramatic movements can result in substantial market disruptions, affecting a wide range of assets including stocks, bonds, and commodities.

Origins of a Flash Crash

The concept of a flash crash became widely recognized after the most notorious example, which occurred on May 6, 2010. During this event, the Dow Jones Industrial Average fell about 1,000 points (over 9%) only to recover those losses within minutes. This sudden plunge and recovery highlighted inherent vulnerabilities in the market structures and systems.

Causes of Flash Crashes

Flash crashes can be triggered by a variety of factors, which often interact in complex ways:

  1. High-Frequency Trading (HFT): Many analysts attribute the rise of flash crashes to the increase in high-frequency trading, where firms use algorithms to execute millions of orders at lightning speed. These algorithms can sometimes create feedback loops if they start to sell off assets in a falling market, amplifying the initial decline.
  2. Market Structure Issues: The fragmentation of trading venues and the varying rules and technologies used by these platforms can also contribute to flash crashes. Disparities in trading rules and protocols can lead to situations where automated systems behave unpredictively or inefficiently.
  3. Liquidity Crunches: Flash crashes are often exacerbated by a sudden lack of liquidity. As prices begin to fall, automatic stop-loss orders can trigger further selling, but if there aren’t enough buyers, prices can drop precipitously.
  4. News and Social Media: Sometimes, an erroneous news report or a significant surge in social media activity can spur rapid trading actions by algorithms that parse news and data for trading signals.

Impact and Responses

The impact of a flash crash is broad. In the short term, investors can see huge losses, and confidence in the markets can wane. For traders, the volatility can result in significant financial damage, especially for those who are unable to react quickly enough to the abrupt price changes.

In response to flash crashes, regulatory bodies have implemented several measures to prevent or mitigate their effects. For example, after the 2010 crash, the U.S. Securities and Exchange Commission (SEC) introduced “circuit breakers” that temporarily halt trading in a stock if its price drops too quickly.

Preventative Measures

Beyond regulatory changes, there’s also a push for improved risk management strategies within trading firms, especially those employing high-frequency trading algorithms. These measures include more sophisticated and robust systems to monitor and control trading activities and improved testing of algorithms to ensure they behave as expected during market stress.

The Ever-Evolving Market Dynamics

As markets evolve and the use of technology deepens, the potential for flash crashes remains significant. This necessitates continuous advances in both technology and regulation to safeguard against the risks posed by these rapid and unpredictable market events.

Understanding flash crashes is crucial for anyone involved in the trading world, from regulators and traders to ordinary investors trying to navigate the complexities of modern financial markets. Recognizing the signs and potential triggers of flash crashes can help market participants better prepare for and potentially avoid the risks associated with these startling events.

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Markets

A Glimpse Into the Buzz of Upcoming IPOs in April 2024

Published

3 weeks ago

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April 19, 2024

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The investment atmosphere is heating up with a series of intriguing initial public offerings (IPOs) set to hit the market in late April 2024. This month features a diverse lineup of companies poised to go public, ranging from technology innovators to international restaurant chains. Here’s a detailed look at some of the most anticipated IPOs.

Tungray Technologies Inc. (TRSG)

Exchange: NASDAQ Capital
Price: $4.00
Shares: 1,250,000
Expected IPO Date: 4/19/2024
Offer Amount: $5,000,000
Tungray Technologies is stepping into the public market with a modest offer amount. The company’s focus on innovative tech solutions might attract investors looking for new growth opportunities in the tech sector.

RanMarine Technology B.V. (RAN)

Exchange: NASDAQ Capital
Price: $5.50
Shares: 1,435,000
Expected IPO Date: 4/19/2024
Offer Amount: $9,076,375
RanMarine Technology, known for its advanced marine technology solutions, is also set for the same date. With a slightly higher offer amount, it shows potential for considerable market interest.

Sushi Ginza Onodera, Inc. (ONDR)

Exchange: NYSE MKT
Price Range: $7.00-$8.00
Shares: 1,066,667
Expected IPO Date: 4/19/2024
Offer Amount: $9,813,336.40
Offering a culinary twist to the IPO scene, Sushi Ginza Onodera is preparing to serve not just premium sushi but also potentially premium stock value.

mF International Ltd (MFI)

Exchange: NASDAQ Capital
Price Range: $4.00-$5.00
Shares: 1,560,000
Expected IPO Date: 4/22/2024
Offer Amount: $8,970,000
This global firm is entering the market with a flexible price range, suggesting a cautious yet optimistic approach towards investor reception.

YY Group Holding Ltd. (YYGH)

Exchange: NASDAQ Capital
Price Range: $4.00-$5.00
Shares: 1,500,000
Expected IPO Date: 4/22/2024
Offer Amount: $8,625,000
YY Group is another promising prospect with its roots in technology and digital transformation, aiming to capture the tech-savvy investor’s eye.

Key Mining Corp. (KMCM)

Exchange: NYSE MKT
Price: $2.25
Shares: 4,444,444
Expected IPO Date: 4/25/2024
Offer Amount: $11,499,999.80
Diving into natural resources, Key Mining is set for a significant offering, indicating robust investor confidence in its mining operations and commodity potential.

Marex Group plc (MRX)

Exchange: NASDAQ Global Select
Price Range: $18.00-$21.00
Shares: 15,384,615
Expected IPO Date: 4/25/2024
Offer Amount: $371,538,447
As one of the heaviest hitters this month, Marex Group plc commands attention with its substantial offer amount, reflecting its established market presence and investor trust.

Rubrik, Inc. (RBRK)

Exchange: NYSE
Price Range: $28.00-$31.00
Shares: 23,000,000
Expected IPO Date: 4/25/2024
Offer Amount: $819,950,000
Rubrik stands out with a massive offer, targeting tech investors interested in data management and cloud services, marking it as one of the blockbuster listings of the month.

Loar Holdings, LLC (LOAR)

Exchange: NYSE
Price Range: $24.00-$26.00
Shares: 11,000,000
Expected IPO Date: 4/26/2024
Offer Amount: $328,900,000
Loar Holdings is geared up to make a significant impact with its sizable offer, highlighting its robust positioning in the manufacturing sector.

ZenaTech, Inc. (ZENA)

Exchange: NASDAQ Capital
Expected IPO Date: 4/30/2024
Offer Amount: $7,100,900
Wrapping up the month, ZenaTech will test waters with a strategic focus on tech innovations, appealing to niche investors keen on cutting-edge technologies.

April 2024 is shaping up to be a dynamic month for the IPO market, showcasing a wide range of sectors and opportunities. Investors are advised to keep an eye on these dates and delve deeper into each company’s prospects before making investment decisions. Each of these companies presents unique opportunities and challenges, marking another exciting chapter in the financial markets.

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