The stock of ProPetro Holding Corp (NYSE: PUMP) has increased by 0.23 when compared to last closing price of 8.64. Despite this, the company has experienced a 5.74% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-22 that ProPetro (PUMP) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in ProPetro Holding Corp (NYSE: PUMP) Right Now?
The price-to-earnings ratio for ProPetro Holding Corp (NYSE: PUMP) is 11.64x, which is above its average ratio. Moreover, the 36-month beta value for PUMP is 2.11. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PUMP is 79.83M and currently, short sellers hold a 4.97% of that float. On April 25, 2024, PUMP’s average trading volume was 1.55M shares.
PUMP’s Market Performance
PUMP’s stock has seen a 5.74% increase for the week, with a 11.17% rise in the past month and a 6.91% gain in the past quarter. The volatility ratio for the week is 4.14%, and the volatility levels for the past 30 days are at 3.81% for ProPetro Holding Corp The simple moving average for the past 20 days is 4.09% for PUMP’s stock, with a -3.98% simple moving average for the past 200 days.
PUMP Trading at 9.87% from the 50-Day Moving Average
After a stumble in the market that brought PUMP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.83% of loss for the given period.
Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares surge +12.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.48% upper at present.
During the last 5 trading sessions, PUMP rose by +5.74%, which changed the moving average for the period of 200-days by -5.15% in comparison to the 20-day moving average, which settled at $8.37. In addition, ProPetro Holding Corp saw 3.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PUMP starting from Vion Michele, who sale 14,426 shares at the price of $10.48 back on Nov 03 ’23. After this action, Vion Michele now owns 25,668 shares of ProPetro Holding Corp, valued at $151,184 using the latest closing price.
GOBE PHILLIP A, the Director of ProPetro Holding Corp, sale 20,000 shares at $11.00 during a trade that took place back on Sep 18 ’23, which means that GOBE PHILLIP A is holding 168,629 shares at $220,000 based on the most recent closing price.
Stock Fundamentals for PUMP
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for ProPetro Holding Corp stands at 0.05. The total capital return value is set at 0.13. Equity return is now at value 8.77, with 6.08 for asset returns.
Based on ProPetro Holding Corp (PUMP), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 4.74. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 28.94.
Currently, EBITDA for the company is 384.24 million with net debt to EBITDA at 0.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 6.88for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
To wrap up, the performance of ProPetro Holding Corp (PUMP) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
