Get out of dodge we have Pyxis Tankers Stock up 300%.

Why the rally?

There is absolutely no immediate catalysts we can find. This is pure momentum. We recommend riding it up, and getting off the bus when nerves kick in. Take profits and run.

For those who want a fundamental look:

Earnings missed expectations. Pyxis Tankers stock moved on the news two weeks ago. or the three months ended September 30, 2017, we reported a net loss of $1.3 million, or $0.07 basic and diluted loss per share, compared to a net loss of $1.5 million, or $0.08 basic and diluted earnings per share, for the same period in 2016. The increase in our net result was primarily due to a $0.2 million increase in time charter equivalent revenues. Our EBITDA of $0.8 million for the third quarter of 2017 remained relatively stable compared to the same period in 2016.

Results for the nine months ended September 30, 2016 and 2017

Pyxis Tankers stock also was dull for the first nine months of the year. For the nine months ended September 30, 2017, we reported a net loss of $3.8 million, or $0.21 basic and diluted loss per share, compared to a net income of $19,000, or $0.00 basic and diluted earnings per share, for the same period in 2016. The decrease in our net result was primarily due to a $3.9 million decrease in time charter equivalent revenues. In addition, during the second quarter of 2017, we recorded one-off expenses of approximately $0.3 million associated with the termination of our equity offering in July 2017, which are included under general and administrative expenses for the period. For the first nine months of 2017, our EBITDA was $2.6 million, a decrease of $4.1 million from $6.6 million for the same period in 2016. If we were to exclude the write-off of our equity offering expenses in the nine months ended September 30, 2017, our EBITDA and net loss would have been $2.9 million and $3.5 million, or $0.19 basic and diluted loss per share, respectively.

Overall you can ride this name higher, but do not stay tooooo long.

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