Last Updated: 11 Nov 2024
Executive Summary
Profire Energy (PFIE) is a technology company that provides burner management systems and solutions for forced and natural draft applications. The company has a market capitalization of $115.96 million and trades on the NASDAQ exchange. PFIE's latest stock price is $2.51.
Company Overview
Profire Energy was founded in 1996 and is headquartered in Lindon, Utah. The company's products are used in a variety of industries, including power generation, oil and gas, and manufacturing. PFIE has a strong track record of innovation and has been recognized for its commitment to customer service.
Fundamental Analysis
PFIE's financial performance has been mixed in recent years. The company's revenue has grown at a modest pace, but its profitability has declined. In 2023, PFIE reported revenue of $57.77 million and net income of $10.75 million. The company's gross margin was 37.5%, and its operating margin was 17.1%.
PFIE's balance sheet is strong. The company has $21.65 million in cash and equivalents and no debt. PFIE's book value is $1.21 per share.
Technical Analysis
PFIE's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is 65, which indicates that the stock is overbought.
Short Term Outlook
PFIE's stock price is expected to continue to trend higher in the short term. The company's financial performance is improving, and its technical indicators are positive.
Long Term Outlook
PFIE's long-term outlook is positive. The company is a leader in its industry, and its products are in high demand. PFIE is well-positioned to continue to grow its revenue and profitability in the years to come.
Analyst Recommendations
Analysts are bullish on PFIE. The consensus price target is $2.55, which represents a potential upside of 1.6% from the current price. One analyst has a buy rating on the stock, while the other has a hold rating.
