Pyxis Tankers (PXS) AI Stock Analysis

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Pyxis Tankers

(NASDAQ:PXS)

61Neutral

Pyxis Tankers' financial performance is solid, with improvements in profitability and balance sheet strength. However, the company's technical indicators are weak, showing a bearish trend, which negatively impacts the stock's performance. The stock is undervalued based on its P/E ratio, but the lack of dividend yield may deter some investors. Overall, while the company's financials are strong, the current market sentiment and technical outlook suggest caution.

Pyxis Tankers (PXS) vs. S&P 500 (SPY)

Market Cap

$32.30M

Dividend YieldN/A

Average Volume (3M)19.30K

Price to Earnings (P/E)3.9

Beta (1Y)0.85

Revenue Growth13.36%

EPS Growth-73.08%

CountryUS

EmployeesN/A

SectorEnergy

Sector Strength51

IndustryMarine Shipping

Share Statistics

EPS (TTM)0.79

Shares Outstanding10,485,865

10 Day Avg. Volume13,372

30 Day Avg. Volume19,300

Financial Highlights & Ratios

PEG Ratio0.02

Price to Book (P/B)N/A

Price to Sales (P/S)0.76

Price to Cash Flow (P/CF)N/A

P/FCF Ratio0.00

Enterprise Value/Market Cap2.91

Enterprise Value/RevenueN/A

Enterprise Value/Gross Profit3.33

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

$10.00

Price Target Upside224.68% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering1

Pyxis Tankers Business Overview & Revenue Model

Company DescriptionPyxis Tankers Inc. (PXS) is a maritime transportation company that specializes in the seaborne transport of refined petroleum products and other liquid bulk items. Operating within the shipping and logistics sector, Pyxis Tankers manages a fleet of modern tanker vessels, providing reliable and efficient transport services to global oil companies, trading firms, and various end-users.

How the Company Makes MoneyPyxis Tankers generates revenue primarily through the chartering of its tanker vessels to customers who require the transportation of refined petroleum products and other liquid bulk cargo. The company earns income based on time charter agreements, which provide a fixed daily rate over the duration of the contract, and voyage charters, where revenue is based on the specific journey and cargo transported. Additionally, Pyxis Tankers may engage in pooling arrangements that allow for the sharing of vessel earnings among participants, optimizing fleet utilization and revenue potential. The company's earnings are influenced by factors such as global oil demand, fleet capacity, charter rates, and operational efficiency.

Pyxis Tankers Financial Statement Overview

Summary

Pyxis Tankers demonstrates a positive trend in profitability and equity stability, yet faces challenges in maintaining consistent cash flow due to high capital expenditures. The company's financial health is robust, but leverage and cash flow management require careful monitoring to ensure sustainable growth.

Income Statement

Positive

Pyxis Tankers has shown a robust improvement in profitability over the years, with the gross profit margin increasing significantly. However, the recent drop in EBIT and EBITDA margins indicates potential operational challenges.

Balance Sheet

Positive

The company maintains a strong equity position with an improving debt-to-equity ratio, showcasing a stable financial structure. However, high total debt levels remain a concern, indicating potential leverage risk.

Cash Flow

Positive

Cash flow management has improved with positive operating cash flow, but free cash flow remains negative due to substantial capital expenditures. The cash flow to net income ratios suggest efficient cash conversion, yet high capital spending poses a challenge.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
51.54M	45.47M	58.34M	25.34M	21.71M
	Gross Profit
28.27M	27.11M	22.41M	-1.60M	2.15M
	EBIT
16.72M	41.87M	17.31M	-8.51M	-2.27M
	EBITDA
23.63M	48.56M	24.32M	-3.75M	2.15M
	Net Income Common Stockholders
12.87M	37.04M	13.39M	-15.62M	-11.54M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
38.24M	54.54M	7.56M	6.18M	1.62M
	Total Assets
188.88M	166.31M	138.98M	142.56M	93.19M
	Total Debt
84.52M	60.95M	70.88M	82.58M	58.59M
	Net Debt
63.28M	26.41M	63.31M	76.39M	56.97M
	Total Liabilities
89.22M	65.45M	77.61M	93.71M	63.63M
	Stockholders Equity
93.38M	96.54M	61.37M	48.85M	29.56M
Cash Flow		Free Cash Flow
-26.32M	-10.57M	4.72M	-44.09M	-13.60M
	Operating Cash Flow
18.85M	21.44M	8.27M	-896.00K	-13.03M
	Investing Cash Flow
-42.16M	12.21M	4.95M	-43.19M	12.63M
	Financing Cash Flow
9.57M	-7.50M	-12.91M	49.93M	-739.00K

Pyxis Tankers Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price3.08

Price Trends

50DMA

3.27

Negative

100DMA

3.52

Negative

200DMA

4.18

Negative

Market Momentum

MACD

-0.08

Negative

RSI

49.92

Neutral

STOCH

62.36

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PXS, the sentiment is Neutral. The current price of 3.08 is above the 20-day moving average (MA) of 3.00, below the 50-day MA of 3.27, and below the 200-day MA of 4.18, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 49.92 is Neutral, neither overbought nor oversold. The STOCH value of 62.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PXS.

Pyxis Tankers Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSHG	64 Neutral	$17.03M	1.28	17.20%	―	-19.73%	-33.68%
CTRM	63 Neutral	$21.06M	0.68	15.48%	―	-45.58%	45.06%
PXS	61 Neutral	$32.30M	3.89	13.55%	―	13.36%	-73.08%
TOPS	57 Neutral	$27.62M	5.49	3.07%	―	3.83%	―
Sector *	55 Neutral	$7.10B	3.56	-6.61%	5.99%	-0.03%	-51.71%
USEA	45 Neutral	$11.14M	―	-5.37%	19.42%	25.98%	-493.00%
GLBS	40 Underperform	$23.57M	54.78	0.24%	―	11.74%	-91.84%

* Energy Sector Average

Performance Comparison

PXS

Pyxis Tankers

3.08

-1.51

-32.90%

PSHG

Performance Shipping

1.37

-0.68

-33.17%

GLBS

Globus Maritime

1.14

-0.76

-40.00%

TOPS

Top Ships

5.97

-6.43

-51.85%

CTRM

Castor Maritime

2.18

-1.06

-32.72%

USEA

United Maritime Corp.

1.21

-0.99

-45.00%

Pyxis Tankers Earnings Call Summary

Earnings Call Date:Mar 13, 2025

(Q3-2024)

% Change Since: -6.10%|

Next Earnings Date:May 19, 2025

Earnings Call Sentiment Positive

The earnings call presented a strong financial performance with significant revenue growth and successful expansion into the dry-bulk sector. Despite facing challenges such as soft charter rates and geopolitical uncertainties, the company maintains a positive market outlook and strategic financial management. The highlights outweigh the lowlights, indicating a positive sentiment.

Q3-2024 Updates

Positive Updates

Strong Financial Performance and Revenue Growth

Consolidated time charter equivalent revenues (TCE) of $11.7 million in Q3 2024, marking an increase of over 25% from the same period in 2023. Net income of $3.5 million or $0.34 basic EPS, representing a $0.05 per share improvement compared to Q3 2023.

Successful Expansion into Dry-Bulk Sector

Acquisition of the 2015-built Kamsarmax in late June, leading to a fleet of 6 modern midsized Eco vessels. Daily TCE for the fleet in Q3 2024 was approximately $22,000.

Strong Chartering Environment

MRs achieved a 6% improvement in daily TCE, reaching $29,826 for Q3 2024. Dry-bulk carriers reported an average daily TCE of $13,841.

Positive Market Outlook

Encouraging macroeconomic indicators such as easing inflationary pressures and anticipated interest rate cuts. Expected demand growth for product tankers due to new refinery capacity and geopolitical factors affecting ton-miles.

Strategic Financial Management

Consolidated leverage ratio of net funded debt stood at 22% of total capitalization. Common share buyback program reduced potential dilution, enhancing earnings and net asset value per share.

Negative Updates

Challenges in China

Slower global economic activity, especially in China, impacting worldwide trade and chartering rates.

Soft Charter Rates in Q3

Q3 was sequentially lower than Q2 in both segments due to softer charter rates and seasonal factors.

Limited Acquisition Opportunities

Current prices for modern MRs near 10-year historical highs, making viable acquisition candidates difficult to identify.

Potential Market Volatility

Uncertainty due to macroeconomic conditions and unfolding global events, including potential expansion of tariffs and geopolitical conflicts.

Company Guidance

During the Q3 2024 earnings call for Pyxis Tankers, guidance was provided by executives Eddie Valentis and Henry Williams. The company reported a solid financial performance, driven by favorable market conditions and a successful expansion into the dry-bulk sector. Key metrics included a consolidated time charter equivalent (TCE) revenue of $11.7 million, marking a 25% increase from the previous year, and an adjusted EBITDA rise to $6.7 million. Net income was reported at $3.5 million with a basic EPS of $0.34, showing a $0.05 per share improvement compared to Q3 2023. For Q4 2024, 69% of available days for MR vessels were booked at an average estimated TCE rate of $24,630 per day, while 55% of available days for bulk carriers were booked at an average TCE of $13,190 per day. The company emphasized its commitment to pursuing accretive investment opportunities, maintaining a strong balance sheet, and continuing its common share repurchase program.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.