Is PXLW a good buy

Pixelworks, Inc. (PXLW) does not appear to be a strong buy at this time, and here's why:

1. Financial Performance Concerns: The company has a negative P/E (TTM) of -1.85, which indicates that it is not currently profitable. Additionally, the negative EPS of $-0.17 and a negative net profit margin of -63.49% suggest that the company is not generating profits and is inefficiently managing its resources.

2. Technical Indicators Suggest Caution: The RSI is at 18.34, which is close to the oversold threshold of 30, indicating that the stock may be undervalued but also could reflect a lack of buying momentum. The MACD is at -0.01, which could be interpreted as a bearish signal. The KDJ is at 13, which is in the oversold territory and could suggest a potential reversal if other factors align.

3. Market Sentiment and Analysts: The consensus rating is a "Strong Buy" with an average price target of $2, which is significantly higher than the current trading price. However, the stock has been downgraded by StockNews.com to a "Sell" rating. Analysts have set a buy rating with a lower price target of $2, which is below the current average price target, suggesting potential skepticism about the stock's future performance.
4. Recent Company News: Pixelworks has been involved in a deal with Disney, which could be a positive catalyst for the stock. However, the company's financials and technical indicators do not currently support a strong buy recommendation.
5. Revenue and Profitability Concerns: The company has seen a significant year-over-year decrease in revenue of 37.27% and a contraction in net profit margin by 63.49%, which raises questions about the company's ability to generate revenue and profit.

In conclusion, while there may be potential for a rebound based on the analyst consensus and the recent deal with Disney, the lack of positive fundamental signals and the company's current financial struggles warrant a cautious approach. Investors should consider these factors and their own risk tolerance before deciding if PXLW is a good buy.