Profire Energy Inc. (NASDAQ:PFIE) saw an upside of 13.30% to close Tuesday at $2.30 after adding $0.27 on the day. The 5-day average trading volume is 1,269,580 shares of the company’s common stock. It has gained $2.4000 in the past week and touched a new high 4 times within the past 5 days. An average of 504,285 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 241,510.
PFIE’s 1-month performance is 66.67% or $0.8800 on its low of $1.2800 reached on 07/27/23. The company’s shares have touched a 52-week low of $0.85 and high of $2.12, with the stock’s rally to the 52-week high happening on 08/22/23. YTD, PFIE has achieved 116.98% or $1.2400 and has reached a new high 31 times. However, the current price is up 8.49% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
PFIE stock has a beta of 0.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.10 while the price-to-book (PB) in the most recent quarter is 2.05, with the price to cash flow ratio at 152.82.
Profire Energy Inc.’s quick ratio for the period ended June 29 was 3.60, with the current ratio over the same period at 5.30.. In terms of profitability, the gross margin trailing 12 months is 48.90%. The trailing 12-month EBITDA margin is 13.71%. The firm’s gross profit as reported stood at $21.65 million against revenue of $45.94 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 90.21% to $2.86 million, while revenue of $2.59 million was 9.44% off the previous quarter. Analysts expected PFIE to announce $0.04 per share in earnings in its latest quarter, but it posted $0.06, representing a 50.00% surprise. EBITDA for the quarter stood at more than $3.51 million. PFIE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.24 million, with total debt at $0.16 million. Shareholders hold equity totaling $47.58 million.
Let’s look briefly at Profire Energy Inc. (PFIE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 87.95% to suggest the stock is trending Overbought, with historical volatility in this time period at 100.03%.
The stock’s 5-day moving average is $1.9000, reflecting a +40.24% or $0.6600 change from its current price. PFIE is currently trading +72.93% above its 20-day SMA, +82.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +82.54% and SMA200 by+130.00%.
Stochastic %K and %D was 80.04% and 68.25% and the average true range (ATR) pointed at 0.1900. The RSI (14) points at 84.55%, while the 14-day stochastic is at 90.65% with the period’s ATR at 0.1500. The stock’s 9-day MACD Oscillator is pointing at 0.2200 and 0.3500 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Profire Energy Inc. (NASDAQ: PFIE), Chardan Capital Markets downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for PFIE stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PFIE as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is PFIE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.50 and a high of $3.00, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for Profire Energy Inc. (PFIE) stock is $2.17.
