As of Thursday close, Profire Energy Inc.’s (NASDAQ:PFIE) stock was down -$0.47, moving down -15.07 percent to $2.62. The average number of shares traded per day over the past five days has been 1,279,080 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.46 fall in that time frame. In the last twenty days, the average volume was 1,382,190, while in the previous 50 days, it was 808,174.
Since last month, PFIE stock rose 13.91%. Shares of the company fell to $1.96 on 08/22/23, the lowest level in the past month. A 52-week high of $3.29 was reached on 09/20/23 after having rallying from a 52-week low of $0.85. Since the beginning of this year, PFIE’s stock price has risen by 147.17% or $1.56, and marked a new high 40 times. However, the stock has declined by -20.36% since its 52-week high.
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Valuation Metrics
Right now, Profire Energy Inc. (PFIE) has a P/E ratio of about 15.06. The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 2.26, the price-to-book (PB) ratio of 2.34, and the price-to-cash flow ratio of 180.37 may also be considered.
Financial Health
In the three months ended June 29, Profire Energy Inc.’s quick ratio stood at 3.60, while its current ratio was 5.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 50.10% percent. In the year ended June 29, EBITDA margin amounted to 13.71%, whereas operating margins totaled 19.60%. Based on annual data, PFIE earned $21.65 million in gross profit and brought in $45.94 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.40%. Return on equity (ROE) for the past 12 months was 17.50%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PFIE’s revenue rose 33.17% to $14.55 million during the quarter, while net income inched up to $14.41 million. While analysts expected Profire Energy Inc. to report $0.04 quarterly earnings, the actual figure was $0.06 per share. During the quarter, the company generated $3.51 million in EBITDA. The liabilities of Profire Energy Inc. were 8.24 million at the end of its most recent quarter ended June 29, and its total debt was $0.16 million. The value of shareholders’ equity is $47.58 million.
Technical Picture
This quick technical analysis looks at Profire Energy Inc.’s (PFIE) price momentum. With a historical volatility rate of 103.79%, the RSI 9-day stood at 44.37% on 21 September.
With respect to its five-day moving average, the current Profire Energy Inc. price is down by -14.94% percent or -$0.46. At present, PFIE shares trade +22.43% above its 20-day simple moving average and +125.86% percent above its 100-day simple moving average. However, the stock is currently trading approximately +106.30% above its SMA50 and +128.82% above its SMA200.
Stochastic coefficient K was 53.88% and Stochastic coefficient D was 63.69%, while ATR was 0.31. Given the Stochastic reading of 15.19% for the 14-day period, the RSI (14) reading has been calculated as 51.26%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.03.
Analyst Ratings
Profire Energy Inc. downgraded its rating on Profire Energy Inc. (NASDAQ: PFIE) to a Neutral in a note to investors on March 12, 2019. The analysts firm previously had a Buy rating on the stock.Profire Energy Inc. (PFIE) has been rated Buy by analysts. According to 0 brokerage firms, PFIE is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Profire Energy Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $3.00, the current consensus forecast for the stock is $2.00 – $3.50. Based on these forecasts, analysts predict Profire Energy Inc. (PFIE) will achieve an average price target of $2.83.
