Should Investors Trust The Upside Potential In Enerflex Ltd (EFXT)?

Enerflex Ltd (NYSE:EFXT) currently has a daily average trading volume of 427.05K but it saw 870513 shares traded in last market. With a market cap of 892.57M USD, the company’s current market price of $7.19 came falling about -1.10 while comparing to the previous closing price of $7.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.61 and as low as $4.59.

Taking a look at 20-day trading activity of Enerflex Ltd (EFXT) gives us an average price of $6.73, while its current price level is -32.26% below from 52-week high level whereas it is 56.47% 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 $7.06 while that of 200 days or SMA-200 reads an average of $7.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.51% during that period while stretching the period over a month that decreases to 3.52%. 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 56.78 which implies that the stock is in neutral territory.

BMO Capital Markets downgraded its recommendation for the stock as a “Market Perform” from “Outperform” on August 10, 2023 while assigning a price target range of $13-$11.

Over the week, EFXT’s stock price is moving 5.58% up while it is 9.94% when we observe its performance for the past one month. Year-to-date it is -27.74% down and over the past year, the stock is showing an upside performance of 45.25%.

Currently, Enerflex Ltd’s total number of outstanding shares is 124.15M with 0.51% of that held by the insiders while 70.59% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.20% and return on equity (ROE) at 7.05%. It has a price to earnings ratio (P/E ratio) of 12.07 while having a 10.61 of forward P/E ratio. Stock’s beta reads 1.68. Stock has a price to book (P/B) ratio of 0.83 while price to sale or P/S ratio amounts to 0.38. Its return on asset (ROA) is 2.60% on average.