The stock of Profire Energy Inc. (NASDAQ:PFIE) increased by $0.16 on Wednesday to $2.85, up 5.94 percent. The last five days have seen an average of 1,279,724 shares of common stock traded. 35 times new highs were reached in the current year, with a gain of $1.75. The average number of shares traded over the last 20 days was 894,471, while the average volume over the last 50 days totaled 395,632.
PFIE stock appreciated 105.77% since last month. On 08/03/23, the company’s shares reached a one-month low of $1.33. The stock touched a high of $2.71 on 08/30/23, after rallying from a low of $0.85 in 52 weeks. The price of PFIE stock has risen by 168.86% or $1.75 this year, reaching a new high 35 times. Still, the stock price is up 5.16% from the 52-week high.
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Valuation Metrics
Profire Energy Inc. (PFIE) has a trailing price-to-earnings (P/E) ratio of 16.38. Beta for the stock is 0.81. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.36, the price-to-book (PB) ratio of 2.54, and the price-to-cash flow ratio of 187.81.
Financial Health
For the three months ended June 29, Profire Energy Inc.’s quick ratio was 3.60, while its current ratio was 5.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 50.10% percent. Profire Energy Inc.’s EBITDA margin for the year ended June 29 was 13.71%, whereas its operating margin stood at 19.60% for the same period. Based on annual data, it had gross profit of $21.65 million and revenue of $45.94 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PFIE’s return on assets (ROA) during the last 12 months has been 15.30%. There was a 7.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.50%.
Earnings Surprise
According to Profire Energy Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $14.41 million, while revenues rose by 33.17% to $14.55 million. It was predicted that Profire Energy Inc.’s quarterly earnings would be $0.06, but it ended up being $0.04. EBITDA was $3.51 million for the quarter. At the end of Profire Energy Inc.’s most recent quarter ended June 29, its liabilities totaled 8.24 million, while its total debt was $0.16 million. Equity owned by shareholders amounts to $47.58 million.
Technical Picture
Here’s a quick look at Profire Energy Inc.’s (PFIE) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 87.08%, suggesting the stock is Overbought, with a 97.61% historical volatility rate.
The stochastic %K and %D were 87.91% and 82.44% respectively, while the average true range (ATR) was 0.25. Based on the 14-day stochastic reading of 91.12%, the RSI (14) reading is 84.54%. On the 9-day MACD Oscillator, the stock is at 0.32, and the 14-day reading is at 0.53.
Analyst Ratings
Profire Energy Inc. (NASDAQ: PFIE) was downgraded by Chardan Capital Markets to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy.
What is PFIE’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.50 and $3.00, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for Profire Energy Inc. (PFIE) is $2.17.
