El interés en corto de Pixelworks da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Pixelworks. Los datos de interés en corto se actualizan cada dos semanas.

Pixelworks (NASDAQ:PXLW) Bolsa, Informe de interés en corto

Pixelworks

Pixelworks Inc is a provider of visual processing semiconductor and software solutions that enable consistently high-quality and authentic viewing experiences in a wide variety of applications. The company defines its key target markets as Mobile (smartphone and tablet), Home and Enterprise (projectors, personal video recorders (PVR), and over-the-air (OTA) streaming devices), and Cinema (creation, remastering, and delivery of digital video content). The company operates in one segment: the design, development, marketing and sale of IC solutions for use in electronic display devices. The company generates its revenue from two broad product markets: the Mobile market and the Home and Enterprise market. The majority of the revenue is earned in China.

Pixelworks Inc

<h3>Gainers</h3>
<ul>
<li>Boxlight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOXL#NASDAQ">BOXL</a>) stock increased by 7.6% to $0.48 during Tuesday's after-market session. The market value of their outstanding shares is at $4.7 million. </li>
<li>iLearningEngines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares increased by 4.41% to $1.42. The company's market cap stands at $200.4 million. </li>
<li>Gryphon Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) shares moved upwards by 4.22% to $0.57. The company's market cap stands at $22.8 million. </li>
<li>Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) shares rose 4.2% to $22.76. The market value of their outstanding shares is at $285.9 million. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) shares moved upwards by 3.3% to $0.73. The company's market cap stands at $42.9 million. </li>
<li>Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) stock rose 3.19% to $54.65. The company's market cap stands at $8.5 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock decreased by 9.8% to $0.81 during Tuesday's after-market session. </li>
<li>Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) shares declined by 5.0% to $147.81. The market value of their outstanding shares is at $25.6 billion. </li>
<li>BTC Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCT#NASDAQ">BTCT</a>) shares declined by 3.23% to $1.5. The company's market cap stands at $3.9 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock decreased by 2.81% to $0.7. The company's market cap stands at $65.9 million. The company's, Q2 earnings came out 4 days ago. </li>
<li>Rambus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) shares decreased by 2.74% to $40.04. The company's market cap stands at $4.3 billion. </li>
<li>Smith Micro Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMSI#NASDAQ">SMSI</a>) shares fell 2.68% to $1.09. The company's market cap stands at $12.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AILE

ALAB

AVNW

BOXL

BTCT

CETX

GRYP

KEYS

PXLW

QUBT

RMBS

SMSI

12 Information Technology Stocks Moving In Tuesday's After-Market Session

WIIM

Pixelworks shares are trading higher after the company announced a partnership with Universal Pictures to bring TrueCut Motion to "The Wild Robot" and other future titles.

Universal Pictures and&nbsp;Pixelworks jointly announced today an agreement to bring the advanced TrueCut Motion technology to multiple Universal titles, starting with DreamWorks Animation&#39;s &quot;The Wild Robot&quot; (in theaters from&nbsp;September 27). &nbsp;This and planned future Universal titles will feature&nbsp;Pixelworks&#39; unique motion grading that naturally enhances the look and the feel of the world of film to deliver the ultimate theatrical experience.
TrueCut Motion is an award-winning technology breakthrough that provides filmmakers with an extended palette of motion looks that has never been possible before. The powerful TrueCut Motion platform allows filmmakers to fine-tune or enhance the motion look of all the action, shot by shot, in post-production, while keeping the intended cinematic look and feel intact. The TrueCut Motion platform then ensures that these creative choices are delivered consistently across every screen and optimized on any viewing device &mdash; spanning&nbsp;theaters, televisions, mobile and next-generation headsets &mdash; in both 3D and standard 2D environments.

News

Universal Pictures Partners with Pixelworks to Bring TrueCut Motion to 'The Wild Robot' and Future Titles

PixelWorks Receives Bid Price Deficiency Notice From Nasdaq

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Pixelworks, revealing an average target of $2.38, a high estimate of $3.00, and a low estimate of $2.00. Experiencing a 26.77% decline, the current average is now lower than the previous average price target of $3.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1723118446_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Pixelworks by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$2.00</td>
<td>$2.50</td>
</tr>
<tr>
<td>Richard Shannon</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Suji Desilva</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$2.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$2.50</td>
<td>$3.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Pixelworks. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Pixelworks compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Pixelworks's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Pixelworks's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PXLW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Pixelworks analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Pixelworks: A Closer Look</h2>
Pixelworks Inc is a provider of visual processing semiconductor and software solutions that enable consistently high-quality and authentic viewing experiences in a wide variety of applications. The company defines its key target markets as Mobile (smartphone and tablet), Home and Enterprise (projectors, personal video recorders (PVR), and over-the-air (OTA) streaming devices), and Cinema (creation, remastering, and delivery of digital video content). The company operates in one segment: the design, development, marketing and sale of IC solutions for use in electronic display devices. The company generates its revenue from two broad product markets: the Mobile market and the Home and Enterprise market. The majority of the revenue is earned in China.
<h3>Financial Insights: Pixelworks</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Pixelworks displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 61.09%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Pixelworks's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -31.56% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -46.07%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Pixelworks's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -5.4%, the company showcases efficient use of assets and strong financial health.
Debt Management: Pixelworks's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.53.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Decoding 4 Analyst Evaluations For Pixelworks

Needham analyst Quinn Bolton maintains Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) with a Buy and lowers the price target from $2.5 to $2.

Price Target

Needham Maintains Buy on Pixelworks, Lowers Price Target to $2

Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.14) by 7.14 percent. The company reported quarterly sales of $8.535 million which beat the analyst consensus estimate of $8.500 million by 0.41 percent. This is a 37.27 percent decrease over sales of $13.605 million the same period last year.

Earnings

Earnings Beats

Pixelworks Q2 2024 Adj. EPS $(0.13) Beats $(0.14) Estimate, Sales $8.535M Beat $8.500M Estimate

Reported Earlier, Pixelworks' Advanced Visual Processing Technology Elevates JX3 Ultimate Mobile To 120fps Smoothness And Detail

IRX rendering acceleration technology enhances mobile game performance, providing players a smooth 120fps gaming experience with low power consumption for Honor of Kings

Pixelworks Partners With Tencent's Honor Of Kings Elevate Mobile Gaming With IRX Technology

<h3>Gainers</h3>
<ul>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) stock moved upwards by 7.0% to $0.9 during Monday's after-market session. The market value of their outstanding shares is at $28.7 million. </li>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) shares moved upwards by 4.99% to $0.51. The market value of their outstanding shares is at $48.3 million. </li>
<li>Pagaya Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) shares moved upwards by 4.92% to $11.72. The company's market cap stands at $830.9 million. </li>
<li>Backblaze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLZE#NASDAQ">BLZE</a>) stock moved upwards by 4.86% to $6.47. The company's market cap stands at $268.3 million. </li>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) stock increased by 3.92% to $1.06. The company's market cap stands at $46.7 million. </li>
<li>MicroAlgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) stock rose 3.84% to $1.62. The company's market cap stands at $12.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares fell 6.3% to $0.1 during Monday's after-market session. The company's market cap stands at $13.8 million. </li>
<li>CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) shares fell 4.87% to $2.54. The market value of their outstanding shares is at $38.7 million. </li>
<li>Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) stock decreased by 3.85% to $1.0. The company's market cap stands at $57.8 million. </li>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) stock declined by 3.83% to $0.45. The market value of their outstanding shares is at $1.5 million. </li>
<li>Taoping (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAOP#NASDAQ">TAOP</a>) shares fell 3.72% to $0.7. The market value of their outstanding shares is at $3.1 million. </li>
<li>Inseego (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) shares decreased by 3.51% to $8.19. The company's market cap stands at $97.3 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AIRE

ASNS

BLZE

CXAI

INSG

MLGO

QMCO

TAOP

ZPTA

12 Information Technology Stocks Moving In Monday's After-Market Session

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 gaining around 1% on Wednesday.
The Dow traded up 0.68% to 39,827.63 while the NASDAQ rose 1.29% to 16,723.91. The S&amp;P 500 also rose, gaining, 1.03% to 5,300.57.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38840839/wall-streets-most-accurate-analysts-views-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Materials Stocks Delivering High-Dividend Yields</a>
Leading and Lagging Sectors Utilities shares rose by 1.5% on Wednesday.
In trading on Wednesday, energy shares fell by 0.8%.
Top Headline
Shares of Arcos Dorados Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) fell around 5% on Wednesday after reporting results for its first quarter
The company reported total revenues of $1.081 billion in the first quarter, up 9.1% versus the prior year. Quarterly sales marginally beat the analyst consensus of $1.020 billion. Arcos Dorados reported first-quarter earnings per share of 14 cents, missing the street view of 17 cents.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>OptimizeRx Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRX#NASDAQ">OPRX</a>) shares shot up 23% to $12.90 following upbeat quarterly results.</li>
<li>Shares of Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) got a boost, surging 30% to $5.57 following first-quarter results.</li>
<li>iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) shares were also up, gaining 34% to $1.19 after the company reported better-than-expected third-quarter financial results.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares dropped 66% to $0.7796 after the company reported pricing of $2.25m public offering.</li>
<li>Shares of Pixelworks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) were down 35% to $1.22 after the company issued soft second-quarter guidance.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) was down, falling 47% to $0.4542 after the company announced pricing of $4.7 million public offering.</li>
</ul>
Also Check This Out:<a href="https://www.benzinga.com/24/05/38840642/dell-to-rally-over-13-here-are-10-top-analyst-forecasts-for-wednesday">Dell To Rally Over 13%? Here Are 10 Top Analyst Forecasts For Wednesday</a>
Commodities In commodity news, oil traded up 0.8% to $78.63 while gold traded up 1.5% at $2,392.90.
Silver traded up 3.7% to $29.755 on Wednesday, while copper rose 0.7% to $4.9290.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.59%, Germany's DAX rose 0.82% and France's CAC 40 rose 0.17%. Spain's IBEX 35 Index rose 1.10%, while London's FTSE 100 rose 0.21%.
Industrial production in the Eurozone increased by 0.6% month-over-month in March compared to a revised 1% gain in the previous month. The Eurozone economy grew by 0.3% on quarter during the first three months, compared to a 0.1% decline in the prior quarter.
The annual inflation rate in France fell to 2.2% in April from 2.3% in March.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan's Nikkei gaining 0.08%, China's Composite Index falling 0.82%, Hong Kong's Hang Seng Index falling 0.22% and India's S&amp;P BSE Sensex falling 0.22%.
Total passenger vehicle sales in India rose 1.2% year-over-year to 287,746 in April compared to an 8.9% rise in the prior month. The People&#8217;s Bank of China kept the interest rate unchanged at 2.50%.
Economics
<ul>
<li>Mortgage applications in the US rose 0.5% from the prior week in the period ending May 10.</li>
<li>U.S. consumer prices rose 0.3% month-over-month in April compared to 0.4% in the previous month, and also down from market expectations of 0.4%.</li>
<li>Annual inflation rate in the U.S. slowed to 3.4% in April from 3.5% a month ago.</li>
<li>U.S. retail sales came in unchanged month-over-month in April compared to a revised 0.6% increase in March.</li>
<li>The NY Empire State Manufacturing Index declined to -15.6 in May compared to -14.3 in the prior month, and versus market estimates of -10.0.</li>
<li>Total business inventories declined by 0.1% month-over-month in March compared to a revised 0.3% gain in February.</li>
<li>The NAHB/Wells Fargo Housing Market Index declined to 45.0 in May, recording the lowest level in four months.</li>
<li>Crude oil inventories in the U.S. declined by 2.508 million barrels in the week ending May 10, compared to a 1.362 million gain in the prior period.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38839679/top-3-consumer-stocks-that-could-blast-off-this-month&quot;">Top 3 Consumer Stocks That Could Blast Off This Month</a>

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

AEMD

ARCO

EDBL

OPRX

VRPX

Gold Rises Over 1%; Arcos Dorados Shares Fall After Q1 Results

Craig-Hallum analyst Richard Shannon maintains Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) with a Buy and lowers the price target from $4 to $3.

Craig-Hallum Maintains Buy on Pixelworks, Lowers Price Target to $3

Shares of Bolt Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOLT#NASDAQ">BOLT</a>) fell sharply during Wednesday's session after the company reported <a href="https://www.benzinga.com/quote/BOLT/earnings">first-quarter financial results</a>.
Bolt Biotherapeutics posted a GAAP loss of 28 cents per share on sales of $5.30 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Also, Guggenheim analyst Michael Schmidt downgraded Bolt Biotherapeutics from Buy to Neutral, while Stifel analyst Stephen Willey downgraded the stock from Buy to Hold and lowered the price target from $6 to $1.5.
Bolt Biotherapeutics shares dipped 34.4% to $0.8652 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>AERWINS Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares surged 201% to $8.16.</li>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) jumped 169% to $0.1449 after jumping over 41% on Tuesday. SINTX Technologies recently posted downbeat quarterly results.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) jumped 87% to $0.5336 after jumping around 368% on Tuesday.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) climbed 53.2% to $6.54 following first-quarter results.</li>
<li>iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) gained 53% to $1.36 after the company reported better-than-expected third-quarter financial results.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) jumped 51% to $0.0850.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares gained 41% to $0.0627 after surging 7% on Tuesday.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) gained 30.6% to $0.90. Complete Solaria signed a term sheet to eliminate Carlyle debt.</li>
<li>OptimizeRx Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRX#NASDAQ">OPRX</a>) jumped 24% to $13.03 following upbeat quarterly results.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) rose 23% to $0.0686.</li>
<li>monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) jumped 21.5% to $220.93 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Telos Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) gained 21.4% to $3.85.</li>
<li>BioCryst Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) rose 20% to $6.44.</li>
<li>Arcutis Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQT#NASDAQ">ARQT</a>) rose 16.5% to $9.47 after the company reported better-than-expected first-quarter financial results.</li>
<li>Dolphin Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLPN#NASDAQ">DLPN</a>) rose 15.4% to $1.2999 after the company reported a year-over-year increase in first-quarter financial results.</li>
<li>Codere Online Luxembourg, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDRO#NASDAQ">CDRO</a>) jumped 14.3% to $7.98 following first-quarter results.</li>
<li>Nutriband Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRB#NASDAQ">NTRB</a>) gained 13.5% to $4.34.</li>
<li>Riskified Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSKD#NYSE">RSKD</a>) jumped 12.8% to $6.05 following upbeat results.</li>
<li>Cabaletta Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CABA#NASDAQ">CABA</a>) gained 12.8% to $12.66 following first-quarter results.</li>
<li>Jeffs&#8217; Brands Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) jumped 12% to $0.2530.</li>
<li>B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) rose 11.5% to $9.53.</li>
<li>Crown ElectroKinetics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) shares rose 11.2% to $0.0529.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) gained 8.1% to $0.0637 after adding around 12% on Tuesday.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) rose 6% to $142.18 after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $128 to $152.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares fell 63.9% to $0.8199 after the company reported pricing of $2.25m public offering.</li>
<li>Yield10 Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YTEN#NASDAQ">YTEN</a>) fell 49.4% to $2.66 after the company reported delisting from the Nasdaq.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) fell 45.8% to $0.4604 after the company announced pricing of $4.7 million public offering.</li>
<li>Pixelworks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) dipped 40.2% to $1.1186 after the company issued soft second-quarter guidance.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares fell 31.9% to $33.22 following a 60% surge on Tuesday.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) dipped 31% to $4.24.</li>
<li>VirTra, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTSI#NASDAQ">VTSI</a>) shares fell 30% to $11.49 after the company reported worse-than-expected first-quarter financial results.</li>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) dipped 30.3% to $2.25.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares fell 29.6% to $3.0896. Wolfe Research analyst Steve Fleishman downgraded SunPower from Peer Perform to Underperform.</li>
<li>Intrusion Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) shares declined 28.7% to $1.84 after the company reported downbeat first-quarter sales.</li>
<li>DLocal Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) fell 27.5% to $9.84 after the company reported weaker-than-expected first-quarter earnings and said there is a greater likelihood of coming in towards the lower end of its guidance range.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) fell 26.3% to $5.04 after jumping 32% on Tuesday.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) declined 25% to $2.7550.</li>
<li>The Oncology Institute, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOI#NASDAQ">TOI</a>) fell 24.4% to $0.6798 following weak quarterly results.</li>
<li>Cheetah Net Supply Chain Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares fell 23.2% to $4.92 after jumping 442% on Tuesday. The company priced a follow-on offering for gross proceeds of $8.19 million.</li>
<li>Nortech Systems Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) fell 21.1% to $11.97. Nortech Systems is expected to hold a conference call on Thursday, May 16, to discuss the company&#8217;s first quarter financial results.</li>
<li>Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) fell 16.5% to $1.06.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) declined 12.5% to $11.80.</li>
<li>Pulse Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLSE#NASDAQ">PLSE</a>) declined 12.1% to $6.74. Pulse Biosciences named Burke T. Barrett as President and Chief Executive Officer.</li>
<li>iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) fell 11.8% to $11.24.</li>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) fell 10.2% to $3.11.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) fell 9.9% to $4.8000.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) dipped 9.5% to $5.24. New reports indicate the company on Wednesday launched its first vehicle under its new Onvo brand.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) fell 8.7% to $10.22.</li>
<li>Petróleo Brasileiro S.A. &#8211; Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) shares fell 8.3% to $15.30. Brazil's President Luiz Inacio Lula da Silva fired Jean Paul Prates, the CEO of Petrobras, following a dispute over dividend.</li>
</ul>
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MAXN

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Why Bolt Biotherapeutics Shares Are Trading Lower By Around 34%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock rose 41.0% to $3.47 during Wednesday's regular session. The company's market cap stands at $22.5 million. The company's, Q1 earnings came out yesterday. </li>
<li>Telos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) stock moved upwards by 25.22% to $3.97. The market value of their outstanding shares is at $284.8 million. As per the news, the Q1 earnings report came out 3 days ago. </li>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) shares rose 24.06% to $4.75. The company's market cap stands at $15.2 million. </li>
<li>Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) shares increased by 19.11% to $216.63. The company's market cap stands at $10.5 billion. As per the press release, Q1 earnings came out today. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) stock increased by 19.0% to $1.12. The market value of their outstanding shares is at $336.1 million. </li>
<li>Riskified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSKD#NYSE">RSKD</a>) stock moved upwards by 15.39% to $6.18. The company's market cap stands at $1.0 billion. As per the press release, Q1 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) stock decreased by 35.3% to $1.21 during Wednesday's regular session. The company's market cap stands at $69.9 million. The company's, Q1 earnings came out yesterday. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock declined by 33.75% to $2.14. The market value of their outstanding shares is at $12.7 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock declined by 33.43% to $5.92. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) stock fell 26.23% to $2.71. The company's market cap stands at $143.2 million. As per the press release, Q1 earnings came out today. </li>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) stock decreased by 19.17% to $1.06. The market value of their outstanding shares is at $31.5 million. The company's, Q1 earnings came out today. </li>
<li>Nortech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) shares declined by 18.74% to $12.49. The market value of their outstanding shares is at $34.2 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Intraday Session

Roth MKM analyst Suji Desilva maintains Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) with a Buy and lowers the price target from $3 to $2.

Roth MKM Maintains Buy on Pixelworks, Lowers Price Target to $2

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Wednesday.
The Dow traded up 0.59% to 39,790.88 while the NASDAQ rose 0.93% to 16,665.13. The S&amp;P 500 also rose, gaining, 0.80% to 5,288.72.
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Leading and Lagging Sectors Utilities shares rose by 1.5% on Wednesday.
In trading on Wednesday, energy shares fell by 0.8%.
Top Headline
U.S. retail sales came in unchanged month-over-month in April compared to a revised 0.6% increase in March.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>OptimizeRx Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRX#NASDAQ">OPRX</a>) shares shot up 25% to $13.12 following upbeat quarterly results.</li>
<li>Shares of Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) got a boost, surging 31% to $5.60 following first-quarter results.</li>
<li>iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) shares were also up, gaining 37% to $1.22 after the company reported better-than-expected third-quarter financial results.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares dropped 63% to $0.83 after the company reported pricing of $2.25m public offering.</li>
<li>Shares of Pixelworks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) were down 40% to $1.1150 after the company issued soft second-quarter guidance.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) was down, falling 47% to $0.45 after the company announced pricing of $4.7 million public offering.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/24/05/38840642/dell-to-rally-over-13-here-are-10-top-analyst-forecasts-for-wednesday">Dell To Rally Over 13%? Here Are 10 Top Analyst Forecasts For Wednesday</a>
Commodities In commodity news, oil traded down 0.7% to $77.47 while gold traded up 0.7% at $2,375.50.
Silver traded up 1.8% to $29.22 on Wednesday, while copper fell 0.1% to $4.8895.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.44%, Germany's DAX rose 0.68% and France's CAC 40 rose 0.01%. Spain's IBEX 35 Index rose 0.98%, while London's FTSE 100 rose 0.08%.
Industrial production in the Eurozone increased by 0.6% month-over-month in March compared to a revised 1% gain in the previous month. The Eurozone economy grew by 0.3% on quarter during the first three months, compared to a 0.1% decline in the prior quarter.
The annual inflation rate in France fell to 2.2% in April from 2.3% in March.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan's Nikkei gaining 0.08%, China's Composite Index falling 0.82%, Hong Kong's Hang Seng Index falling 0.22% and India's S&amp;P BSE Sensex falling 0.22%.
Total passenger vehicle sales in India rose 1.2% year-over-year to 287,746 in April compared to an 8.9% rise in the prior month. The People&#8217;s Bank of China kept the interest rate unchanged at 2.50%.
Economics
<ul>
<li>Mortgage applications in the US rose 0.5% from the prior week in the period ending May 10.</li>
<li>U.S. consumer prices rose 0.3% month-over-month in April compared to 0.4% in the previous month, and also down from market expectations of 0.4%.</li>
<li>Annual inflation rate in the U.S. slowed to 3.4% in April from 3.5% a month ago.</li>
<li>U.S. retail sales came in unchanged month-over-month in April compared to a revised 0.6% increase in March.</li>
<li>The NY Empire State Manufacturing Index declined to -15.6 in May compared to -14.3 in the prior month, and versus market estimates of -10.0.</li>
<li>Total business inventories declined by 0.1% month-over-month in March compared to a revised 0.3% gain in February.</li>
<li>The NAHB/Wells Fargo Housing Market Index declined to 45.0 in May, recording the lowest level in four months.</li>
<li>Crude oil inventories in the U.S. declined by 2.508 million barrels in the week ending May 10, compared to a 1.362 million gain in the prior period.</li>
</ul>
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Nasdaq Surges 150 Points; Retail Sales Flat For April

<h3>Gainers</h3>
<ul>
<li>Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) shares rose 19.2% to $216.75 during Wednesday's pre-market session. The company's market cap stands at $10.6 billion. As per the press release, Q1 earnings came out today. </li>
<li>Inuvo (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INUV#AMEX">INUV</a>) stock moved upwards by 11.0% to $0.35. The market value of their outstanding shares is at $48.9 million. </li>
<li>AXT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) stock rose 10.61% to $3.75. The company's market cap stands at $166.4 million. </li>
<li>AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) shares moved upwards by 9.28% to $22.0. The company's market cap stands at $256.0 million. </li>
<li>Wrap Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) stock increased by 9.14% to $1.79. The company's market cap stands at $79.1 million. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) shares increased by 8.84% to $3.59. The market value of their outstanding shares is at $135.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) stock declined by 27.8% to $1.35 during Wednesday's pre-market session. The market value of their outstanding shares is at $78.0 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Intrusion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) shares declined by 23.65% to $1.97. The market value of their outstanding shares is at $6.8 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock declined by 15.18% to $2.74. The company's market cap stands at $16.2 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares declined by 13.42% to $2.13. The market value of their outstanding shares is at $13.8 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Castellum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) stock decreased by 12.29% to $0.25. The market value of their outstanding shares is at $13.2 million. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) shares decreased by 11.74% to $0.7. The market value of their outstanding shares is at $11.3 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AEYE

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INUV

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VERI

WRAP

12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

Pixelworks, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) shares are trading lower after the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38827905/pixelworks-reports-first-quarter-2024-financial-results" rel="noreferrer noopener">company&#8217;s soft&nbsp;second-quarter&nbsp;guidance</a>.
Revenue for the first quarter increased 61% Y/Y to $16.05 million, marginally beating the consensus of $16.00 million, driven by strong growth in mobile revenue.
Mobile revenue grew almost 3x&nbsp;Y/Y to&nbsp;$9.8 million, reflecting increased shipments of X-series visual processors for smartphones and an expanded number of TrueCut Motion&nbsp;engagements.
Adjusted gross profit margin stood at 50.7%, up from 44.1%&nbsp;a year ago&nbsp;quarter, reflecting&nbsp;a revenue mix comprised of newer-generation mobile visual processors.
Adjusted EBITDA stood at negative $(3.2) million, compared to negative $(7.8) million in the year-ago quarter. Adjusted EPS of $(0.07) <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">beat the consensus of $(0.08)</a>.
Cash and cash equivalents at&nbsp;the end of the first quarter of 2024 stood at&nbsp;$46.2 million.
Todd DeBonis, President and&nbsp;CEO&nbsp;said, &#8220;Our recently announced mobile wins, including Transsion&#8217;s Infinix GT 20 Pro smartphone and&nbsp;vivo&#8217;s&nbsp;newly launched iQOO Z9 Turbo, represent notable traction on our two-pronged strategy aimed at increased penetration of the&nbsp;mid- to&nbsp;lower-tier device market as well as expanded adoption in smartphone models targeted for outside of&nbsp;China.&#8221;&nbsp;
Outlook: Pixelworks expects&nbsp;second-quarter revenue of&nbsp;$8 million-$9 million&nbsp;(vs.&nbsp;$16.5 million) and an adjusted EPS loss of&nbsp;$(0.16)-$(0.13) vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">an estimate of&nbsp;$(0.07)</a>.
The company also warned about the near-term headwinds in its mobile business. Meanwhile, Pixelworks emphasized that it believes the headwinds impacting second-quarter mobile revenue are near-term and expects a return to sequential growth in the second half of the year.
Price Action: PXLW shares are down 27.3% at $1.36 premarket at the last check Wednesday.
Photo via Shutterstock

Equities

Guidance

Small Cap

Why Is Pixelworks Stock Diving Premarket Wednesday?

Pixelworks shares are trading lower after the company issued soft Q2 guidance.

Needham analyst Quinn Bolton maintains Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) with a Buy and lowers the price target from $3.5 to $2.5.

Needham Maintains Buy on Pixelworks, Lowers Price Target to $2.5

Craig-Hallum analyst Richard Shannon assigned a Buy rating to the stock today. The company's shares closed yesterday at $0.96. According to TipRank...

Pixelworks (PXLW) Receives a Buy from Craig-Hallum

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The tech industry is currently, by far, the most important in the market. Software companies and related industries have been driving most of the market&rsquo;s gains recently. Recent AI hype means the tech industry&rsquo;s influence is felt across every part of the economy, as companies race to automate their processes and integrate AI into their products and services.



In fact, I would dare you to look up any well-established company and search for the keyword &ldquo;AI&rdquo; in their earnings calls. More likely than not, these companies will mention how they use AI in their operations several times.



Thus, I think it makes sense to invest in some up-and-coming tech firms. Tech <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> could pay off massively in the long-run, for those who make the right bets. Of course, it&rsquo;s unlikely investors are going to hit it big, as most stocks below $1 are more like lottery tickets. However, if even one of these turns out to be successful, investors stand to potentially see 10X gains or more. 



Here are three companies that may be worth trowing some pocket change at.



<h2>Webstar Technology (WBSR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/telecommunications1600-300x169.png" alt="Rack Mounted Servers In A Server Room, Server rack audio cable. Severs computer in a rack at the large data center. Fiber Optical connector interface for Cards Equipment DWDM telecommunications. KLR stock"><div>Source: Funtap / Shutterstock.com</div></div>Webstar Technology (OTCMKTS:<a href="https://investorplace.com/stock-quotes/wbsr-stock-quote/">WBSR</a>) is a data communications company. I&rsquo;m quite bullish on Webstar&rsquo;s prospects. The company produces key products like Gigabyte Slayer Software, WARP-G Software, and Webstar eCampus. These should position the company well in the booming data industry over the long-term. However, as of the time of writing, the company does not have any revenue.



Now, Webstar does <a href="https://www.webstartechnologygroup.com" target="_blank">state on its website</a>:




&ldquo;&hellip;Gigabyte Slayer&trade; will make mobile device networks faster and safer, at a lower cost, and for everyone! You will be able to web surf, stream video, and download more data and with less restrictions.



Warp-G&trade; enables SMB and Enterprise organizations to experience an optimal data experience by enhancing data encryption, optimizing data compression, improving data storage by maximizing the available storage medium, coupled with enabling greater data speeds than previously achievable.&rdquo;




Of course, with a market cap under $22 million and low trading volume, WSTG is a volatile stock to consider. That said, the stock&rsquo;s impressive 96% year-to-date surge suggests the market is starting to wake up to Webstar&rsquo;s potential. I believe this under-the-radar gem could deliver multi-bagger returns, if the company lands big contracts going forward. Again, this company remains pre-revenue, so investors should play this one very carefully.



<h2>Inuvo (INUV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/ai1600-300x169.jpg" alt="mark stock"><div>Source: Shutterstock</div></div>Inuvo (NYSEMKT:<a href="https://investorplace.com/stock-quotes/inuv-stock-quote/">INUV</a>) is a top advertising technology company that uses artificial intelligence to serve the marketing and advertising needs of brands. I believe Inuvo&rsquo;s first quarter 2024 results show the company is on the right track to capitalize on the use of AI in the advertising industry.



In Q1, Inuvo <a href="https://www.investing.com/news/stock-market-news/earnings-call-inuvo-inc-posts-strong-revenue-growth-in-q1-2024-93CH-3432408" target="_blank">posted 44% year-over-year revenue growth to $17 million</a>. Moreover, the company has a goal to surpass $100 million in annual revenue. At this level, the company expects to achieve positive adjusted EBITDA and free cash flow. They are not quite there yet. However, the company reiterated this goal, and I think it is possible, given Inuvo has a history of beating earnings. I expect advertising revenue to come in much higher in future years.



<div><a href="https://investorplace.com/wp-content/uploads/2024/07/chart-22.png"><img width="1026" height="364" src="https://investorplace.com/wp-content/uploads/2024/07/chart-22.png" alt="Tech Penny Stocks: INUV advertising revenue"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>Inuvo is well-positioned to ride the wave of surging demand for AI-driven advertising. By putting IntentKey&rsquo;s capabilities directly into the hands of agencies and brands via self-serve access in demand-side platforms (DSPs), Inuvo could be on the cusp of explosive growth.



However, I&rsquo;d recommend staying wary of investing too much in this high-potential stock. The AI hype cycle could turn from tailwind to headwind if recent hype fades. Nonetheless, with Inuvo consistently beating earnings estimates and analysts seeing <a href="https://www.tipranks.com/stocks/inuv/forecast" target="_blank">nearly 300% upside potential</a> to the company&rsquo;s current stock price, I believe the risk-reward proposition appears to be skewed to the upside.



<h2>Pixelworks (PXLW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains. fintech stocks to buy"><div>Source: shutterstock.com/ZinetroN</div></div>Pixelworks (NASDAQ:<a href="https://investorplace.com/stock-quotes/pxlw-stock-quote/">PXLW</a>) provides visual processing solutions for mobile device home entertainment applications. The company&rsquo;s first-quarter results were solid, with revenue coming in at the midpoint of guidance, <a href="https://markets.businessinsider.com/news/stocks/why-is-pixelworks-stock-diving-premarket-wednesday-1033383780" target="_blank">growing 61% year-over-year to $16.05 million</a>.



Mobile revenue was the star of the show. This segment grew nearly 200%, making up a record 61% of total sales. Pixelworks&rsquo; newer X7 Gen 2 visual processor drove much of this growth, along with increased TrueCut motion licensing. The company&rsquo;s gross margins also rose 600 basis points sequentially to more than 50%.



In addition, Pixelworks has already nine IRX-certified games, and tuned their processors for more than 100 additional games. I believe IRX could become a major growth engine for Pixelworks due to mobile gaming becoming increasingly popular.



Yes, the company is still unprofitable, losing 7 cents per share in Q1. But these losses are narrowing. And over time, I expect Pixelworks&rsquo; robust top-line momentum to drive key margin expansion ahead as rate cuts kick in. Plus, the company&rsquo;s cash burn was minimal, as operating expenses were well-contained.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-tech-penny-stocks-under-1-with-10x-potential/">3 Tech Penny Stocks Under $1 With 10X Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Tech Penny Stocks Under $1 With 10X Potential

In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on Pixelworks (PXLW – Research Report). The company's shares ...

Craig-Hallum Sticks to Their Buy Rating for Pixelworks (PXLW)

Craig-Hallum Reaffirms Their Buy Rating on Pixelworks (PXLW)

Pixelworks, Inc. (PXLW) Q2 2024 Earnings Call Transcript

Pixelworks Non-GAAP EPS of -$0.13 beats by $0.01, revenue of $8.5M in-line

In a report released today, Sujeeva De Silva from Roth MKM maintained a Buy rating on Pixelworks (PXLW – Research Report), with a price target of $...

Pixelworks (PXLW) Receives a Buy from Roth MKM

Pixelworks (PXLW) has released an update. Pixelworks, Inc. has filed a current report with the SEC, indicating notable updates that could impact it...

Pixelworks Files Current Report with SEC

Pixelworks (PXLW) has released an update. Pixelworks, Inc., a company based in Portland, Oregon, has filed a current report with the SEC as of Sept...

Pixelworks Reports Latest Developments to SEC

Craig-Hallum analyst Richard Shannon maintained a Buy rating on Pixelworks (PXLW – Research Report) today. The company's shares closed yesterday at...

WBSR

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Pixelworks to Announce Second Quarter 2024 Financial Results on August 7

Pixelworks Reports Second Quarter 2024 Financial Results

Universal Pictures and Pixelworks Enter into Multi-year, Multi-Title Agreement for TrueCut Motion Technology

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