May 26, 2022

Eye Catching Stock News: Pyxis Tankers Inc. (NASDAQ:PXS)

Pyxis Tankers Inc. (NASDAQ:PXS) stock identified change of 17.51% away from 52-week low price and recently located move of -59.44% off 52-week high price. It has market worth of $18.20MM. PXS stock has been recorded -26.45% away from 50 day moving average and -36.47% away from 200 day moving average. Moving closer, we can see that shares have been trading -18.46% off 20-day moving average.

On March 20, 2020, Pyxis Tankers Inc. (NASDAQ:PXS) a growth-oriented pure play product tanker company, disclosed unaudited results for the three months and year ended December 31, 2019.


For the three months ended December 31, 2019, our Revenues, net were $7.3 million and our time charter equivalent revenues increased by $1.8 million, or 39.5%, to $6.2 million compared to the same period in 2018. For the quarter ended December 31, 2019, our net loss was $3.6 million, or a loss per share (basic and diluted) of $0.17, which was primarily due to a non-cash loss of $2.8 million (or $0.13/share) on the sale of our oldest vessel, the Pyxis Delta, that was recognized during the period. Our Adjusted EBITDA was $1.9 million, an increase of $1.7 million over the comparable 2018 quarter.

The Services sector company, Pyxis Tankers Inc. noticed change of -5.19% to $0.73 along volume of 119078 shares in recent session compared to an average volume of 64.13K. The stock observed return of -10.75% in 5 days trading activity. The stock was at -27.73% over one month performance. PXS’s shares are at -34.63% for the quarter and driving a -33.64% return over the course of the past year and is now at -35.54% since this point in 2018.

The average volatility for the week at 14.45% and for month was at 13.86%. There are 24.93M shares outstanding and 3.88M shares are floated in market. Right now the stock beta is -0.42.

Shawn Harris is a Master’s in Business Administration by education. After completing his post-graduation, Shawn jumped the journalism bandwagon as a freelance journalist. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Shawn is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing.