What Does The Future Hold For Profire Energy, Inc. (PFIE), Signal Genetics Inc (SGNL) and Dyax Corp. (DYAX)?
New York, NY – GDP INSIDER – 04/28/2014.
This article discusses three companies: Profire Energy, Inc. (NASDAQ:PFIE), Signal Genetics Inc (NASDAQ:SGNL) and Dyax Corp. (NASDAQ:DYAX)
Profire Energy, Inc. (NASDAQ:PFIE) lost two cents to end yesterday’s trading session at $1.60, a 1.23% decrease in value from its previous closing price on higher than normal trading volume of 0.543 million compared to its three month average trading volume of 0.272 million after analysts at Barrington Research initiated their coverage with an outperform rating on the stock and set their price target at $2.50 per share. Profire Energy, Inc has been declining so far this year with the stock down 64.68% YTD compared to the S&P 500 which is up 2.58% for the same period. It has declined due to the impact of lower oil prices. Higher oil prices can help the shares rebound. With RSI of 58.00 and one year price target estimate of $3.82, it is better to hold than buy.
Signal Genetics Inc (NASDAQ:SGNL) lost $0.04 to end yesterday’s trading session at $2.01, a 2.11% decrease in value from its previous closing price of $2.05 on low trading volume of 0.134 million compared to its three month average trading volume of 0.561 million. Despite the loss, the commercial stage molecular diagnostic company remains 18.75% above its 52 week low of $1.69. Over the past one week and over the past four weeks, the shares of Signal Genetics Inc have lost 11.59% and 16.03%, respectively. With RSI of 37.18 and one year price target estimate of $12, the stock has more upside potential making it a hold with a view to buy.
Dyax Corp. (NASDAQ:DYAX) lost eighty four cents to finish the day at a new closing price of $26.60, a 3.06% decrease in value from its previous closing price. Despite the loss, the stock is trading 339.67% above its 52 week low of $6.05. Over the past one month and over the past three months, the shares of Dyax Corp have gained 64.20% and 66.35%, respectively. Not only that, but the stock has also gained 89.19% since the beginning of the year, far outstripping the performance of the S&P 500 index, which has only gained 2.43% for the same period. With RSI of 59.39 and one year price target estimate of $29.75, the stock has still room for the upside making it a hold with a view to buy.
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