Should You Sell Profire Energy Inc (PFIE) And Go Away This Year?

Profire Energy Inc (NASDAQ:PFIE) currently has a daily average trading volume of 599.99K but it saw 2382362 shares traded in last market. With a market cap of 117.06M USD, the company’s current market price of $2.50 remained unchanged while comparing to the previous closing price of $2.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.52 and as low as $1.33. In the recent trading on the day, stock has struck highest price mark of $2.5 while lowest mark touched by it was $2.52.

Taking a look at 20-day trading activity of Profire Energy Inc (PFIE) gives us an average price of $1.77, while its current price level is -0.79% below from 52-week high level whereas it is 87.97% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.67 while that of 200 days or SMA-200 reads an average of $1.61. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.68% during that period while stretching the period over a month that increases to 3.76%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 81.84 which implies that the stock is in overbought territory.

Chardan Capital Markets issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $2 and $2.15.

Over the week, PFIE’s stock price is moving 54.32% up while it is 47.06% when we observe its performance for the past one month. Year-to-date it is 38.12% up and over the past year, the stock is showing an upside performance of 34.41%.

Currently, Profire Energy Inc’s total number of outstanding shares is 46.80M. Company’s return on investment (ROI) stands at 14.53% and return on equity (ROE) at 15.55%. It has a price to earnings ratio (P/E ratio) of 13.65 while having a 13.89 of forward P/E ratio. Stock’s beta reads 0.50. Stock has a price to book (P/B) ratio of 1.95 while price to sale or P/S ratio amounts to 2.02. Its return on asset (ROA) is 13.72% on average.