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ShiftPixy, Inc. (PIXY)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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2.2400-0.1200 (-5.08%)
As of 2:06PM EDT. Market open.
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Chart Events
Neutralpattern detected
Previous Close2.3600
Bid2.2600 x 1000
Ask2.2600 x 800
Day's Range2.1700 - 2.3790
52 Week Range2.0200 - 15.5600
Avg. Volume1,028,401
Market Cap46.821M
Beta (5Y Monthly)1.10
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • This Company Is Making It More Profitable For Restaurants To Employ Gig Economy Workers

    This Company Is Making It More Profitable For Restaurants To Employ Gig Economy Workers

    ShiftPixy, Inc. was one of the sponsors for the Benzinga Global Small Cap Conference that took place on December 8-9, 2020. From businesses closing and implementing off-premises strategies to unemployment ramping, the current crisis has upended the traditional working world, causing many to pursue gig opportunities to restructure their income. According to data from the Bureau of Labor Statistics, as of November, over 10 million Americans were unemployed, almost double the same period last year. In response to these substantial lay-offs, digital platforms have become critical, connecting freelancers and companies to contract short-term and frequently asset-sharing opportunities. The implementation of these new technologies spearheaded by companies such as Uber Technologies, Inc. (NYSE: UBER), Lyft, Inc. (NASDAQ: LYFT), GrubHub, Inc. (NYSE: GRUB), DoorDash Inc (NYSE: DASH), and ShiftPixy, Inc. (NASDAQ: PIXY), are known as "The Gig-Economy." This economic model will be vital to reconstruct the country's economy, and it is expected to reach $455.2 billion by 2023. The New Challenges Faced By Business Owners It was a particularly transformative year for the restaurant industry, as many restaurateurs relied on delivery and take out to keep themselves afloat. With restaurant foot traffic projected to remain low, others adopted a new approach with ghost kitchens and the support of third-party delivery platforms. Yet, this brings new challenges for business owners that now rely on a smaller pool of workers for critical restaurants operations. Not to mention that dissatisfaction with third-party platforms can lead to misplaced negative reviews from customers. At the same time, scaling up operations--whether for delivery or otherwise--can be very expensive. According to some reports, onboarding a new employee can cost up to $1,816 per hourly worker. And these services take a large cut of the restaurants' profits. Brands that use third-party platforms pay fees between 15-30% on orders, an inordinate cost with delivery comprising such a large chunk of restaurant sales. Now more than ever creating beneficial situations for both the restaurant and the workers is crucial to survive. This is where platforms like ShiftPixy come in. ShiftPixy is a platform that helps businesses manage their workforce and remain compliant with part-time employee mandates while allowing them to self-deliver better customer experience. The idea is to make it more cost-efficient for restaurants to employ gig economy workers. ShiftPixy And The Restaurant Industry ShiftPixy's gig platform truly represents a new way to work. Without physical stores, it is vital that brands focus on customers having pleasurable experiences. ShiftPixy combines the modern perks of the gig economy with traditional employment benefits. The app serves as an all-in-one workforce management platform for business owners that rely on contingent employees. But it's also a dynamic employment resource for shifters (aka, part-time workers) who want the freedom to make their own schedule. Shifters can receive valuable benefits such as health insurance and workers' compensation. Meanwhile, operators are able to rest easy knowing that they remain compliant with labor laws and free of time-consuming admin tasks."ShiftPixy is in the business of making operators agile. Our biggest lesson in the COVID crisis working with restaurant operators is that to survive your business needs to be agile and able to move quickly to keep your connection with your customers," said Scott Absher, Co-Founder and Chief Executive Officer. "To rethink your business used to require courage, now rethinking customer engagement, rethinking real estate, and rethinking human capital will be required for survival." For more information, please visit the company's website.Photo by Marco Lastella on UnsplashSee more from Benzinga * Click here for options trades from Benzinga * One Way To Play The Recovery In The Indian Travel Industry * Biotech Drugmaker Actinium Pharmaceuticals Is Creating New Ways To Battle Cancer(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Another Day Trading Record, Shattered

    Another Day Trading Record, Shattered

    Guys, the records keep on rolling in for my personal trading account. Not only am I still on the second-longest win streak of my trading career at 36 days and counting, April and May have been some of the most profitable months of my career and, this past Tuesday, I also managed to register my biggest green day ever at $47,018.12!It's been a long time since I was able to top my personal best. I set the prior record of $40,377 all the way back in November 2017. However, this past Tuesday, I was able to surpass that with a few trades in just a single stock.The headline stock for that day was ShiftPixy, Inc. (NASDAQ: PIXY) and really, there was not too much about it that set it apart from the majority of stocks I tend to trade. PIXY was gapping up in premarket by nearly 80% on some news and, although it's a fairly low-float stock with a little over 300k shares, it's not the thinnest stock I've ever traded and it has a history of big price moves.Admittedly, I did take my initial trades in PIXY before the market opened, which is a risky play regardless of the stock. However, based on the order flow and the chart pattern I was confident the momentum would carry through. This turned out to be the case in the 10 minutes before and after the open where I was able to find some ideal entries on pullbacks to ring the bell near the high of the move for a gross profit of $40,598.28.Through the rest of the morning, I took some additional trades in Nano Dimension Ltd. (NASDAQ: NNDM) ($8,825.97) and Mercurity Fintech Holding Inc. (NASDAQ: MFH) (-$1,973). Overall, apart from the massive moves in PIXY, it was a pretty standard day.That's what's been really great about the past couple of months. I haven't really had a massive green day like Tuesday all year, just a series of strong wins that have helped set me up for one of my best years ever. Because, in addition to boosting my ongoing streak, Tuesday's record-breaking win put me on pace for over $300,000 in gross profit in just the first 5 months of 2020.My best-ever annual performance was in 2018 when I was just shy of hitting $500,000. If I keep anywhere close to my current pace, or even slightly under it, I'm almost guaranteed to surpass it. Of course, overconfidence has been a weakness of mine in the past. Still, knowing that I can rely on my trading strategy to provide days like Tuesday, or simply to give me the string of solid wins I've been seeing over the past few weeks, means staying the course is still my most appealing option. If you'd like to get more insight into my strategy, I've put up a free digital download for copies of my best-selling "How to Day Trade" guide to celebrate this most recent record. If you're interested in learning how I arrived at my current approach to the market, now is the best time to learn for yourself.See more from Benzinga * Momentum's Still In Bloom In May As Summer Trading Approaches * Green Or Red: How To Handle A Streak * Reflections On An All-Green April(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • ShiftPixy's Stock Soars After Inking Deal With 11 Del Taco Restaurants

    ShiftPixy's Stock Soars After Inking Deal With 11 Del Taco Restaurants

    ShiftPixy Inc (NASDAQ: PIXY), a provider of mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, announced Tuesday a deal with Diamondback DTNM, an operator of 11 Del Taco Restaurants Inc (NASDAQ: TACO).ShiftPixy has a market cap just north of $18 million.What Happened As part of the agreement, 11 Del Taco restaurants in the Albuquerque, New Mexico region will start using ShiftPixy's platform. The goal is for the Del Taco franchisee to leverage ShiftPixy's end-to-end platform for human capital management and native delivery.ShiftPixy's platform for the food industry is part of its recently announced Restaurant Resilience Plan. The technology offers restaurant operators access to technology and services "vital to their survival and ideal for once business reopens."Why It's Important The coronavirus (COVID-19) pandemic forced restaurants to "re-think their approach" to stakeholders, including customers, employees and other third-parties, CEO and co-founder of ShiftPixy Scott Absher said in the press release.ShiftPixy's platform allows the Del Taco franchisees to be able to better focus on delivering a great food experience instead of worrying about challenges posed by the pandemic."We've saved significant time and capital and have elevated employee engagement," said John Bissell, VP and COO of Diamondback. "The native delivery solution, which we think is simply amazing, has allowed us to access customers we would not have otherwise reached while maintaining control of our brand."What's Next It's not clear or known if ShiftPixy's agreement will expand beyond the Albuquerque region.Shares of the ShiftPixy traded higher by more than 84% to $11.76 at time of publication.Related Links:Why Cramer Favors Chipotle, Starbucks And Wendy's Post-Coronavirus ShutdownRestaurant Brands CEO 'Optimistic' About Burger King Parent Company After Meeting With TrumpSee more from Benzinga * Restaurant Brands CEO 'Optimistic' About Burger King Parent Company After Meeting With Trump * Why SmileDirectClub Is Suing NBCUniversal For .8B * Bored In The House? Top Disney Exec Departs To Take TikTok CEO Job(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.