Profire Energy Inc (PFIE) stock forecast: Can it reach its 52-week high of $2.52

A share price of Profire Energy Inc [PFIE] is currently trading at $2.51, up 0.40%. An important factor to consider is whether the stock is rising or falling in short-term value. The PFIE shares have gain 44.25% over the last week, with a monthly amount glided 49.40%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Profire Energy Inc [NASDAQ: PFIE] stock has seen the most recent analyst activity on March 12, 2019, when Chardan Capital Markets downgraded its rating to a Neutral. On March 13, 2017, Chardan Capital Markets reiterated its Buy rating and revised its price target to $2.15 on the stock. Chardan Capital Markets upgraded its rating to a Buy but stick to its price target of $2 on December 15, 2016. Chardan Capital Markets downgraded its rating to a Neutral. ROTH Capital started tracking with a Buy rating for this stock on December 01, 2015, and assigned it a price target of $1.75. In a note dated June 16, 2015, Chardan Capital Markets reiterated an Buy rating on this stock and revised its target price from $3.77 to $1.80.

Profire Energy Inc experienced fluctuations in its stock price throughout the past year between $1.33 and $2.52. Profire Energy Inc [NASDAQ: PFIE] shares were valued at $2.51 at the most recent close of the market.

Analyzing the PFIE fundamentals

Trailing Twelve Months sales for Profire Energy Inc [NASDAQ:PFIE] were 58.01M which represents 4.96% growth. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.15 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.50 points at the first support level, and at 2.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.51, and for the 2nd resistance point, it is at 2.52.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Profire Energy Inc [NASDAQ:PFIE] is 6.93. On the other hand, the Quick Ratio is 4.50, and the Cash Ratio is 1.35. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 1.96 and price to earnings (TTM) ratio is 13.71.

Transactions by insiders

Recent insider trading involved Oviatt Ryan W, Co-CEO, that happened on May 16 ’24 when 4223.0 shares were purchased. Co-CEO, Oviatt Ryan W completed a deal on May 17 ’24 to buy 3950.0 shares.

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