Profire Energy Inc. [NASDAQ:PFIE] has active tape with a current price of $0.77.
For the year, the stock is trading -48.41% and the five-day change stands at 2.47%. As a point of reference, the S&P 500 is trading 0.5% YTD.
Other data to note about the company today is the Recommendation Trend that is leaning toward Profire Energy Inc. [PFIE] as Moderate Buy.
Wait and see
Holding a Market Cap of $34.91 million, Profire Energy Inc. has seen a trading range over the last year of $0.62-$2.02.
For the last five days, PFIE is up from its last closing price. The average shares trading hands each day is 118.28K, with average 10-day volume coming in at 0.15 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for PFIE. When we apply the Elder Force Index to Profire Energy Inc., we are seeing an Elder Force Indicator number of 27533.58.
Recent Performance
The company’s enterprise value has gone from $28.86M to $26.49M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, PFIE made a profit of 2.09 million. Profire Energy Inc. also saw quarter revenue growth year over year of -14.54%. In addition, the company has operating cash flow of $3.26 million.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 0.7417 compared to the 50-day moving average of 0.7280. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. PFIE currently holds a 9-day RSI of 58.89%, while 100-day RSI stands at 45.91%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. PFIE’s 9-day MACD is 0.0033 and the company’s 100-day MACD stands at -0.0542.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 33.54% by insiders and 44.41% by institutions. Regarding institutional holdings, Royce & Associates LP owns 4.63%, while the second top holder, Ameriprise Financial, Inc., currently owns 4.56%.
Over the last six months, insiders have sold 51,933 with the most recent transaction from Albert Harold, 10% Owner, with a sell at price 0.75 per share.
Conclusion
Overall, the recommended rating for PFIE is Moderate Buy. Currently, the company has 1 analysts watching the stock, and the average quarterly earnings estimate is -0.02. Quarterly revenue estimates are averaging 3.9M with the high estimate reaching 3.9M and the low at 3.9M.
