Fundamental Research Analysts Give Pixie Dust Technologies (NASDAQ:PXDT) a $5.21 Price Target

Pixie Dust Technologies (NASDAQ:PXDT) received a $5.21 price target from equities research analysts at Fundamental Research in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price target would indicate a potential upside of 101.16% from the stock’s previous close.

Pixie Dust Technologies Stock Up 5.3 %

Shares of PXDT stock opened at $2.59 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.18 and a quick ratio of 2.04. Pixie Dust Technologies has a 52-week low of $2.30 and a 52-week high of $10.51. The company’s 50 day moving average is $2.73 and its 200 day moving average is $5.89.

Institutional Trading of Pixie Dust Technologies

An institutional investor recently bought a new position in Pixie Dust Technologies stock. Sumitomo Mitsui Financial Group Inc. purchased a new position in Pixie Dust Technologies, Inc. (NASDAQ:PXDT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 56,400 shares of the company’s stock, valued at approximately $494,000. Sumitomo Mitsui Financial Group Inc. owned approximately 0.38% of Pixie Dust Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.39% of the company’s stock.

Pixie Dust Technologies Company Profile

Pixie Dust Technologies, Inc, a technology company, focuses on personal care and diversity, and workspace and digital transformation businesses primarily in Japan. It offers SonoRepro, an ultrasonic non-contact vibrotactile stimulation scalp care device; VUEVO, a series of directional voice arrival detection devices for individuals with deaf and hard-of-hearing; and kikippa, an acoustic stimulation device functioning as a desk-top speaker.