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

Pixie Dust Technologies (NASDAQ:PXDT) has been given a $5.21 price objective by analysts at Fundamental Research in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s target price indicates a potential upside of 107.57% from the stock’s previous close.

Pixie Dust Technologies Price Performance

Pixie Dust Technologies stock traded up $0.05 during midday trading on Tuesday, hitting $2.51. 4,380 shares of the stock were exchanged, compared to its average volume of 15,454. Pixie Dust Technologies has a fifty-two week low of $2.30 and a fifty-two week high of $10.51. The stock’s 50-day simple moving average is $2.76 and its 200 day simple moving average is $5.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.18 and a quick ratio of 2.04.

Institutional Investors Weigh In On Pixie Dust Technologies

A hedge fund recently bought a new stake in Pixie Dust Technologies stock. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Pixie Dust Technologies, Inc. (NASDAQ:PXDT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period. Hedge funds and other institutional investors own 0.39% of the company’s stock.

About Pixie Dust Technologies

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.