Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Profire Energy Inc shares valued at $5,997 were purchased by Oviatt Ryan W on May 16 ’24. At $1.42 per share, Oviatt Ryan W acquired 4,223 shares. The insider’s holdings grew to 698,001 shares worth approximately $1.75 million following the completion of this transaction.
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Also, Oviatt Ryan W purchased 3,950 shares, netting a total of over 5,728 in proceeds. Following the buying of shares at $1.45 each, the insider now holds 701,951 shares.
As published in a research note from Chardan Capital Markets on March 12, 2019, Profire Energy Inc [PFIE] has been rated down from a Buy to a Neutral. As of March 13, 2017, Chardan Capital Markets has reiterated its “Buy” rating for PFIE. Earlier on December 15, 2016, Chardan Capital Markets upgraded its rating. Their new recommendation was “a Buy” for PFIE stock which previously was a “a Neutral”.
Analyzing PFIE Stock Performance
During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, Profire Energy Inc shares have jumped approximately 38.67%. Shares of the company reached a 52-week high of $2.52 on 11/06/24 and a 52-week low of $1.33 on 08/05/24. A 50-day SMA is recorded $1.75, while a 200-day SMA reached $1.64. Nevertheless, trading volume fell to 0.95 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Profire Energy Inc (PFIE)
According to the 24-hour chart, there is a support level at 2.50, which, if violated, would cause prices to drop to 2.49. In the upper region, resistance lies at 2.52. The next price resistance is at 2.53. RSI (Relative Strength Index) is 82.01 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 0.98%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
