Assessing Whether Enerflex Ltd (NYSE: EFXT) Is Over- Or Undervalued

Enerflex Ltd (EFXT) concluded trading on Wednesday at a closing price of $6.15, with 3.29 million shares of worth about $20.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.19% during that period and on April 3, 2024 the price saw a gain of about 4.41%. Currently the company’s common shares owned by public are about 123.96M shares, out of which, 122.85M shares are available for trading.

However, the stock later moved at a day high price of 6.36, or with a gain of 4.41%. Stock saw a price change of 4.95% in past 5 days and over the past one month there was a price change of -1.60%. Year-to-date (YTD), EFXT shares are showing a performance of 31.69% which increased to 3.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.94 but also hit the highest price of $8.36 during that period. The average intraday trading volume for Enerflex Ltd shares is 121.76K. The stock is currently trading 2.19% above its 20-day simple moving average (SMA20), while that difference is up 10.42% for SMA50 and it goes to 11.36% higher than SMA200.

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Enerflex Ltd (NYSE: EFXT) currently have 123.96M outstanding shares and institutions hold larger chunk of about 55.19% of that.

The stock has a current market capitalization of $762.35M and its 3Y-monthly beta is at 1.68. It has posted earnings per share of -$0.66 in the same period. It has Quick Ratio of 0.91 while making debt-to-equity ratio of 0.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EFXT, volatility over the week remained 2.71% while standing at 2.30% over the month.

Coverage by BMO Capital Markets stated Enerflex Ltd (EFXT) stock as a Market perform in their note to investors on August 10, 2023, suggesting a price target of $11 for the stock.

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