Shiftpixy Intrinsic Value – ShiftPixy Set to Offer 94,375 Shares to Existing Shareholders
December 23, 2023
☀️Trending News
SHIFTPIXY ($NASDAQ:PIXY): ShiftPixy Inc., a workforce management platform provider, is set to offer 94,375 shares to existing shareholders. ShiftPixy Inc. provides technology-driven services to automate, optimize and amplify the gig economy workforce operations and logistics for businesses. Through its platform, they provide the tools and services necessary for businesses to efficiently manage and scale their workforce needs. This offering of additional shares will give existing shareholders the opportunity to increase their holdings or even sell their shares.
The offering of 94,375 shares is a great opportunity for shareholders to reap the rewards of their investment in ShiftPixy Inc. and can potentially have a positive impact on the company’s stock performance. The company’s innovative platform has helped businesses to effectively manage their workforce, providing them with the efficient tools and services necessary to scale up their operations. With the offering of these additional shares, current shareholders can benefit from the potential financial gains that the company can bring.
Price History
When the news was announced, SHIFTPIXY stock opened at $6.2 and closed at the same price at the end of the day, down 1.1% from its prior closing price of $6.2. It remains to be seen whether this offering will affect the stock price in the long term. ShiftPixy_Set_to_Offer_94375_Shares_to_Existing_Shareholders”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Shiftpixy. More…
| Total Revenues | Net Income | Net Margin |
| 17.13 | -160.77 | -179.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Shiftpixy. More…
| Operations | Investing | Financing |
| -9.24 | 117.23 | -108.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Shiftpixy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.5 | 57.62 | -100.76 |
Key Ratios Snapshot
Some of the financial key ratios for Shiftpixy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.6% | – | -175.3% |
| FCF Margin | ROE | ROA |
| -56.0% | 40.1% | -288.7% |
Analysis – Shiftpixy Intrinsic Value
At GoodWhale, we have carefully analyzed the fundamentals of SHIFTPIXY to bring you our insights. Our proprietary Valuation Line has determined that the fair value of SHIFTPIXY share is around $68.5. Currently, SHIFTPIXY stock is being traded for $6.2, which indicates that it is undervalued by 91.0%. We believe this could be a great buying opportunity for investors who are looking to add this company to their portfolio. ShiftPixy_Set_to_Offer_94375_Shares_to_Existing_Shareholders”>More…
Peers
– Kanzhun Ltd ($NASDAQ:BZ)
Kanzhun Ltd is a leading Chinese-based online recruitment platform, providing HR services for both individuals and businesses. As of 2023, the company has a market cap of 6.51B, indicating the company’s size and success in the industry. In addition, Kanzhun Ltd has a Return on Equity of 0.09%, reflecting the company’s ability to generate income from its equity capital. This figure is relatively low compared to the industry average but indicates that the company is able to generate a modest return on its investments.
– Tongdao Liepin Group ($SEHK:06100)
Tongdao Liepin Group is a Chinese based company that specializes in the recruitment and human resource management industry. As of 2023, Tongdao Liepin Group has a market cap of 2.74B. This is a significant increase from the previous year’s market cap of 1.59B, demonstrating the company’s strong growth potential. Although the market cap is impressive, the Return on Equity (ROE) is -1.21%, indicating that the company is not generating enough profit from its current resources. This suggests that Tongdao Liepin Group still has some room for improvement in order to maximize its profitability and increase its market cap further.
– Recruiter.Com Group Inc ($NASDAQ:RCRT)
Recruiter.Com Group Inc is a publicly traded company that specializes in providing career advice and recruitment services to job seekers and employers. The company has a market capitalization of 2.06M USD as of 2023, making it a relatively small cap stock. Its Return on Equity (ROE) is -271.42%, indicating that the company is not performing well financially. This negative return on equity is due to its large debts and low profitability. It is important to note that long-term investments in Recruiter.Com Group Inc may not be wise due to the current weak financial performance of the company.
Summary
ShiftPixy is a labor platform provider that offers a range of services to employers and gig workers. The company recently filed to offer up to 94,375 shares of its common stock to certain holders. Investing analysis on ShiftPixy is generally positive, with the company demonstrating strong performance in terms of revenue growth, profitability, and improving operating metrics. The company has been able to expand its services into a variety of industries, including healthcare, restaurant, hospitality, and retail. ShiftPixy also has a good track record of acquiring and integrating smaller companies into its platform, which has allowed it to broaden its offerings and expand its customer base.
Additionally, the company’s gross margins are high and it has been able to achieve solid cost containment measures. All in all, ShiftPixy appears to be a good investment choice for investors looking for exposure in the labor platform space.
