Pixelworks (PXLW, Financial) experienced a notable stock movement with a sharp decline of 5.05%. The stock is currently priced at $0.712 per share, with a trading volume of 189,493 shares and a turnover rate of 0.32%, and the stock's volatility marked at 7.73%.
Recent financial reports indicate that Pixelworks generated a revenue of $8.54 million, with a net loss of $10.15 million, resulting in an earnings per share (EPS) of -$0.17. The company also recorded a gross profit of $4.34 million, with a price-to-earnings (P/E) ratio of -1.59. Currently, there are no institutional ratings suggesting a buy, hold, or sell recommendation for Pixelworks shares.
In the semiconductor industry, where Pixelworks operates, the sector overall declined by 1.44%. Notably, Atomera Incorporated, WiSA Technologies, and Peraso Inc. experienced significant gains, while Qorvo, Inc., Daqo New Energy, and WiSA Technologies saw active trading with respective turnover rates of 8.06%, 5.35%, and 4.77%. The stocks with the highest volatility in this sector include Atomera Incorporated, How Micro, and Daqo New Energy, with fluctuations of 21.62%, 15.01%, and 11.82%, respectively.
Pixelworks Inc is a provider of visual processing semiconductor and software solutions. The company targets mobile devices, home and enterprise markets, and the cinema market. Their operations are centered around designing, developing, marketing, and selling IC solutions for electronic display devices. The company's revenue streams are primarily categorized into the mobile market and the home and enterprise market, with a significant portion of income generated from China.
