Pixelworks Inc. (PXLW, Financial), a company specializing in visual processing semiconductor and software solutions, experienced a notable stock price increase of 5.65%. The stock is currently trading at $0.898 per share with a trading volume of 152,446 shares and a turnover rate of 0.26%. The stock's amplitude is recorded at 6.00%.
Recent financial reports reveal that Pixelworks generated $9.53 million in revenue but reported a net loss of $8.14 million, translating to an earnings per share (EPS) of -$0.14. The company's gross profit stands at $4.88 million, and it has a price-to-earnings (P/E) ratio of -1.91. Despite the negative financial figures, all three rating agencies covering the stock have issued a "buy" recommendation, with no analysts suggesting a "hold" or "sell".
In the semiconductor industry, where Pixelworks operates, the overall decline was 0.20%. However, Pixelworks, along with Synaptics Incorporated and MaxLinear, saw significant gains. Meanwhile, Sealsq Corp, WiSA Technologies, and Wolfspeed, Inc. showed notable trading activity, with turnover rates of 17.68%, 7.61%, and 5.84% respectively. Stocks such as Mobix Labs, Inc., Sealsq Corp, and Navitas exhibited high volatility with amplitudes of 23.83%, 14.48%, and 12.87% respectively.
Pixelworks focuses on markets including mobile devices, home and enterprise (such as projectors and streaming devices), and cinema, with a significant portion of its revenue generated in China.
