The stock has a 36-month beta value of 0.77. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ACDC is 18.27M, and at present, short sellers hold a 29.05% of that float. On May 09, 2024, the average trading volume of ACDC was 966.07K shares.
ACDC) stock’s latest price update
ProFrac Holding Corp (NASDAQ: ACDC)’s stock price has plunge by -3.41relation to previous closing price of 7.34. Nevertheless, the company has seen a 3.81% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that ProFrac Holding Corp. (ACDC) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ACDC’s Market Performance
ProFrac Holding Corp (ACDC) has experienced a 3.81% rise in stock performance for the past week, with a -18.13% drop in the past month, and a 1.87% rise in the past quarter. The volatility ratio for the week is 4.35%, and the volatility levels for the past 30 days are at 5.47% for ACDC. The simple moving average for the past 20 days is -9.42% for ACDC’s stock, with a -21.04% simple moving average for the past 200 days.
Analysts’ Opinion of ACDC
Morgan Stanley, on the other hand, stated in their research note that they expect to see ACDC reach a price target of $14, previously predicting the price at $18. The rating they have provided for ACDC stocks is “Equal-Weight” according to the report published on October 17th, 2023.
JP Morgan gave a rating of “Neutral” to ACDC, setting the target price at $15 in the report published on May 11th of the previous year.
ACDC Trading at -12.09% from the 50-Day Moving Average
After a stumble in the market that brought ACDC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.49% of loss for the given period.
Volatility was left at 5.47%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares sank -16.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.14% lower at present.
During the last 5 trading sessions, ACDC rose by +3.81%, which changed the moving average for the period of 200-days by -44.74% in comparison to the 20-day moving average, which settled at $7.76. In addition, ProFrac Holding Corp saw -16.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACDC starting from THRC Holdings, LP, who purchase 630,496 shares at the price of $9.63 back on Nov 10 ’23. After this action, THRC Holdings, LP now owns 72,870,545 shares of ProFrac Holding Corp, valued at $6,071,676 using the latest closing price.
Wilks Farris, the 10% Owner of ProFrac Holding Corp, purchase 3,409 shares at $9.24 during a trade that took place back on Oct 27 ’23, which means that Wilks Farris is holding 981,187 shares at $31,516 based on the most recent closing price.
Stock Fundamentals for ACDC
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.18 for the gross margin
The net margin for ProFrac Holding Corp stands at -0.02. The total capital return value is set at 0.07. Equity return is now at value -241.64, with -3.35 for asset returns.
Based on ProFrac Holding Corp (ACDC), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is 1.16.
Currently, EBITDA for the company is 656.2 million with net debt to EBITDA at 1.84. When we switch over and look at the enterprise to sales, we see a ratio of 0.86. The receivables turnover for the company is 7.44for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
To sum up, ProFrac Holding Corp (ACDC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
