Should you consider PROFIRE ENERGY INC (NASDAQ:PFIE) for growth investing?

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if PROFIRE ENERGY INC (NASDAQ:PFIE) is suited for growth investing. Investors should of course do their own research, but we spotted PROFIRE ENERGY INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Some of the canslim metrics of NASDAQ:PFIE highlighted

• PROFIRE ENERGY INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 500.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• PROFIRE ENERGY INC has achieved significant quarter-to-quarter (Q2Q) revenue growth of 49.94%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• Over the past 3 years, PROFIRE ENERGY INC has demonstrated 25.99% growth in EPS, signifying its positive financial trajectory and potential 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.
• The Relative Strength (RS) of PROFIRE ENERGY INC has been consistently solid, with a current 99.17 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. PROFIRE ENERGY INC exhibits strong prospects for further price appreciation.
• With a Debt-to-Equity ratio at 0.0, PROFIRE ENERGY INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• The ownership composition of PROFIRE ENERGY INC reflects a balanced investor ecosystem, with institutional shareholders owning 43.65%. This indicates a broader market participation and potential for increased trading liquidity.

What is the technical picture of NASDAQ:PFIE telling us.

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.

We assign a technical rating of 6 out of 10 to PFIE. In the last year, PFIE was one of the better performers, but we do observe some doubts in the very recent evolution.

• Looking at the yearly performance, PFIE did better than 99% of all other stocks. We also observe that the gains produced by PFIE over the past year are nicely spread over this period.
• PFIE is part of the Energy Equipment & Services industry. There are 66 other stocks in this industry. PFIE outperforms 96% of them.
• The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
• PFIE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PFIE is lagging the market slightly.
• In the last month PFIE has a been trading in the 1.86 - 3.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

Fundamental analysis of NASDAQ:PFIE

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

We assign a fundamental rating of 7 out of 10 to PFIE. PFIE was compared to 66 industry peers in the Energy Equipment & Services industry. PFIE is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. PFIE is not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, PFIE could be worth investigating further for growth investing!.

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

More growth stocks can be found in our CANSLIM screen.

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.