PXSPyxis Tankers Inc (NASDAQ:PXS) is one for the bottom pickers. Upside volume is picking up and a rounding bottom is taking shape. I have been following and accumulating this stock for a few days now. The trend should resume back up in the very near future. I could be wrong, but I did not find a reason for the drop in shares as it did. It was likely a consequence of the negative market environment in the small cap index. Consider shares to be at a bit of a discount if my speculation is correct. And honestly I have a lot of confidence regarding this.
PXS
PXSPyxis Tankers Inc (NASDAQ:PXS) has witnessed an excellent uptick overall during the past few sessions and it has been correlated with increasing volume. The stock closed 8.74% higher to 1.12 on Thursday after consolidating over 1 week within a narrow range. Considering the recent increase in volume, accumulation and money flow, I believe PXS could make a solid move higher given both its fundamental and technical factors. Momentum picking up with MACD climbing and RSI rising. In the past, PXS has experienced surges in valuation of over 50% in just days. MACD History on the chart above repeats for itself. Keep a close eye on PXS next week because it could be a strong play.
PXS - Bullish Momentum Still RunningPyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the maritime transportation business with a focus on the tanker sector. It acquires, owns, and operates tanker vessels that are capable of transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Athens, Greece.
SHORT INTEREST
187.12K 09/13/19
P/E Current
-4.07
P/E Ratio (with extraordinary items)
-2.93
Average Recommendation: BUY Average Target Price: 2.00
PXS - Bullish Momentum Gaining StrengthPyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the maritime transportation business with a focus on the tanker sector. It acquires, owns, and operates tanker vessels that are capable of transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Athens, Greece.
P/E Current
-3.72
P/E Ratio (with extraordinary items)
-2.68
Average Recommendation: BUY
Average Target Price: 2.00
PXS - Recover ON The Horizon...RISKY MOVEPyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the maritime transportation business with a focus on the tanker sector. It acquires, owns, and operates tanker vessels that are capable of transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Athens, Greece.
SHORT INTEREST
204.45K 08/15/19
P/E Current
-3.03
P/E Ratio (with extraordinary items)
-2.18
Average Recommendation: BUY
Average Target Price: 2.00