The stock has a 36-month beta value of 0.86. 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 15.53M, and at present, short sellers hold a 34.75% of that float. On July 04, 2024, the average trading volume of ACDC was 989.94K shares.
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ACDC) stock’s latest price update
The stock of ProFrac Holding Corp (NASDAQ: ACDC) has increased by 5.23 when compared to last closing price of 7.27. Despite this, the company has experienced a 5.52% gain in its stock price over the last five trading sessions. 247wallst.com reported 2024-06-02 that With the earnings-reporting season having all but concluded, the windows for making insider purchases are generally open.
ACDC’s Market Performance
ACDC’s stock has risen by 5.52% in the past week, with a monthly drop of -16.39% and a quarterly drop of -14.62%. The volatility ratio for the week is 4.45% while the volatility levels for the last 30 days are 4.24% for ProFrac Holding Corp The simple moving average for the past 20 days is -3.48% for ACDC’s stock, with a -8.82% 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 -6.75% 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 -46.24% of loss for the given period.
Volatility was left at 4.24%, however, over the last 30 days, the volatility rate increased by 4.45%, as shares sank -12.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.73% lower at present.
During the last 5 trading sessions, ACDC rose by +5.66%, which changed the moving average for the period of 200-days by -33.22% in comparison to the 20-day moving average, which settled at $7.87. In addition, ProFrac Holding Corp saw -9.79% 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 559,783 shares at the price of $9.32 back on May 29 ’24. After this action, THRC Holdings, LP now owns 76,200,545 shares of ProFrac Holding Corp, valued at $5,217,178 using the latest closing price.
THRC Holdings, LP, the 10% Owner of ProFrac Holding Corp, purchase 440,217 shares at $9.49 during a trade that took place back on May 28 ’24, which means that THRC Holdings, LP is holding 75,640,762 shares at $4,177,659 based on the most recent closing price.
Stock Fundamentals for ACDC
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.16 for the gross margin
The net margin for ProFrac Holding Corp stands at -0.05. The total capital return value is set at 0.05. Equity return is now at value -17.73, with -3.72 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 0.37. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 0.75.
Currently, EBITDA for the company is 656.2 million with net debt to EBITDA at 1.99. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 5.98for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To sum up, ProFrac Holding Corp (ACDC) has seen a bad 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.
