Is NASDAQ:PFIE a Fit for Growth Investing Strategies?

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

Some of the canslim metrics of NASDAQ:PFIE highlighted

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), PROFIRE ENERGY INC highlights its ability to generate increasing profitability, showcasing a 500.0% growth.
• The quarter-to-quarter (Q2Q) revenue growth of 49.94% of PROFIRE ENERGY INC has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• The 3-year EPS growth of PROFIRE ENERGY INC (25.99%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• The Return on Equity (ROE) of PROFIRE ENERGY INC stands at 15.98%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
• PROFIRE ENERGY INC has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 99.55 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. PROFIRE ENERGY INC is well-positioned for potential price growth opportunities.
• With a current Debt-to-Equity ratio at 0.0, PROFIRE ENERGY INC showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• With 43.65% of the total shares held by institutional investors, PROFIRE ENERGY INC showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

In-Depth Technical Analysis of NASDAQ:PFIE

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall PFIE gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PFIE is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, PFIE did better than 99% of all other stocks.
• PFIE is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 98% of 66 stocks in the same industry.
• PFIE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PFIE is performing more or less in line with the market.
• In the last month PFIE has a been trading in the 2.20 - 3.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
• Volume is considerably higher in the last couple of days.

Check the latest full technical report of PFIE for a complete technical analysis.

Zooming in on the fundamentals.

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.

PFIE gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 66 industry peers in the Energy Equipment & Services industry. While PFIE has a great health rating, its profitability is only average at the moment. PFIE is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, PFIE could be worth investigating further for growth investing!.

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

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

Keep in mind

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.