Why NASDAQ:ESOA qualifies as a high growth stock.

In this article we will dive into ENERGY SERVICES OF AMERICA (NASDAQ:ESOA) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ENERGY SERVICES OF AMERICA showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NASDAQ:ESOA highlighted

• ENERGY SERVICES OF AMERICA has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 109.0% increase. This indicates improving financial performance and the company's effective management of its operations.
• The recent q2q revenue growth of 67.14% of ENERGY SERVICES OF AMERICA showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• The 3-year EPS growth of ENERGY SERVICES OF AMERICA (33.65%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• ENERGY SERVICES OF AMERICA demonstrates a strong Return on Equity(ROE) of 11.17%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. ENERGY SERVICES OF AMERICA shows promising potential for continued success.
• The Relative Strength (RS) of ENERGY SERVICES OF AMERICA has been consistently solid, with a current 98.4 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. ENERGY SERVICES OF AMERICA exhibits strong prospects for further price appreciation.
• With a current Debt-to-Equity ratio at 1.42, ENERGY SERVICES OF AMERICA showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• The ownership composition of ENERGY SERVICES OF AMERICA reflects a balanced investor ecosystem, with institutional shareholders owning 14.07%. This indicates a broader market participation and potential for increased trading liquidity.

Technical analysis of NASDAQ:ESOA

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Overall ESOA gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ESOA is only an average performer.

• Both the short term and long term trends are positive. This is a very positive sign.
• ESOA is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 89% of 66 stocks in the same industry.
• ESOA is currently making a new 52 week high. This is a strong signal, certainly because the S&P500 Index is not trading near new highs.
• In the last month ESOA has a been trading in the 3.50 - 4.90 range, which is quite wide. It is currently trading near the high of this range.
• Looking at the yearly performance, ESOA did better than 98% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Our latest full technical report of ESOA contains the most current technical analsysis.

A complete fundamental analysis of NASDAQ:ESOA

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, ESOA scores 4 out of 10 in our fundamental rating. ESOA was compared to 66 industry peers in the Energy Equipment & Services industry. There are concerns on the financial health of ESOA while its profitability can be described as average. While showing a medium growth rate, ESOA is valued expensive at the moment.

Our latest full fundamental report of ESOA contains the most current fundamental analsysis.

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.