Why NASDAQ:ESOA qualifies as a high growth stock.

Last update: Mar 8, 2024

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

The EPS of ENERGY SERVICES OF AMERICA has exhibited growth from one quarter to another (Q2Q), with a 1.0K% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
ENERGY SERVICES OF AMERICA has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 50.17%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
Over the past 3 years, ENERGY SERVICES OF AMERICA has demonstrated 54.66% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
ENERGY SERVICES OF AMERICA has a healthy Return on Equity(ROE) of 26.13%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
The Relative Strength (RS) of ENERGY SERVICES OF AMERICA has consistently been strong, with a current 98.7 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. ENERGY SERVICES OF AMERICA demonstrates promising potential for sustained price momentum.
ENERGY SERVICES OF AMERICA exhibits a favorable Debt-to-Equity ratio at 0.9. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
ENERGY SERVICES OF AMERICA exhibits a favorable ownership structure, with an institutional shareholder ownership of 22.81%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

In-Depth Technical Analysis of NASDAQ:ESOA

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to ESOA. Both in the recent history as in the last year, ESOA has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ESOA is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, ESOA also shows a nice and consistent pattern of rising prices.
ESOA is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 100% of 66 stocks in the same industry.
ESOA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ESOA has a been trading in the 5.98 - 8.73 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of ESOA

Fundamental analysis of NASDAQ:ESOA

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

ESOA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 66 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of ESOA get a neutral evaluation. Nothing too spectacular is happening here. ESOA is not valued too expensively and it also shows a decent growth rate.

For an up to date full fundamental analysis you can check the fundamental report of ESOA

Our CANSLIM screen will find you more ideas suited for growth investing.

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.