The stock of ProFrac Holding Corp (ACDC) has seen a 2.26% increase in the past week, with a 6.81% gain in the past month, and a 8.95% flourish in the past quarter. The volatility ratio for the week is 6.78%, and the volatility levels for the past 30 days are at 5.09% for ACDC. The simple moving average for the past 20 days is 7.61% for ACDC’s stock, with a -0.86% simple moving average for the past 200 days.
Is It Worth Investing in ProFrac Holding Corp (NASDAQ: ACDC) Right Now?
The 36-month beta value for ACDC is at 0.89. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ACDC is 15.53M, and currently, shorts hold a 35.37% of that float. The average trading volume for ACDC on July 19, 2024 was 942.21K shares.
ACDC) stock’s latest price update
The stock of ProFrac Holding Corp (NASDAQ: ACDC) has decreased by -4.78 when compared to last closing price of 8.57.Despite this, the company has seen a gain of 2.26% in its stock price over the last five trading days. 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.
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 -0.91% 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 -42.66% of loss for the given period.
Volatility was left at 5.09%, however, over the last 30 days, the volatility rate increased by 6.78%, as shares surge +10.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.72% upper at present.
During the last 5 trading sessions, ACDC rose by +2.26%, which changed the moving average for the period of 200-days by -25.00% in comparison to the 20-day moving average, which settled at $7.62. In addition, ProFrac Holding Corp saw -3.77% 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 1.02. 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
In conclusion, ProFrac Holding Corp (ACDC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
