Enerflex Ltd [EFXT] is 113.28% higher this YTD. Is it still time to buy?

TANH

Enerflex Ltd [NYSE: EFXT] price surged by 1.87 percent to reach at $0.18.

The one-year EFXT stock forecast points to a potential upside of 8.04. The average equity rating for EFXT stock is currently 1.56, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on Enerflex Ltd [EFXT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EFXT shares is $10.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EFXT stock is a recommendation set at 1.56. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for Enerflex Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $13 to $11. The new note on the price target was released on August 10, 2023, representing the official price target for Enerflex Ltd stock.

The Average True Range (ATR) for Enerflex Ltd is set at 0.31, with the Price to Sales ratio for EFXT stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 0.77. Price to Free Cash Flow for EFXT in the course of the last twelve months was 4.06 with Quick ratio for the last quarter at 0.86.

EFXT Stock Performance Analysis:

Enerflex Ltd [EFXT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.21. With this latest performance, EFXT shares gained by 5.96% in over the last four-week period, additionally plugging by 91.17% over the last 6 months – not to mention a rise of 114.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EFXT stock in for the last two-week period is set at 71.57, with the RSI for the last a single of trading hit 68.80, and the three-weeks RSI is set at 70.70 for Enerflex Ltd [EFXT]. The present Moving Average for the last 50 days of trading for this stock 8.17, while it was recorded at 9.54 for the last single week of trading, and 6.26 for the last 200 days.

Insight into Enerflex Ltd Fundamentals:

Enerflex Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.86 and a Current Ratio set at 1.19.

Enerflex Ltd [EFXT] Institutonal Ownership Details

There are presently around $64.29%, or 64.61%% of EFXT stock, in the hands of institutional investors.