Fundamental Research Reiterates $5.21 Price Target for Pixie Dust Technologies (NASDAQ:PXDT)

Fundamental Research set a $5.21 price target on Pixie Dust Technologies (NASDAQ:PXDT) in a research note published on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Pixie Dust Technologies Stock Performance

Shares of PXDT stock opened at $2.59 on Tuesday. The stock’s fifty day moving average is $2.73 and its two-hundred day moving average is $5.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 2.18. Pixie Dust Technologies has a fifty-two week low of $2.30 and a fifty-two week high of $10.51.

Institutional Inflows and Outflows

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