The stock of ProPetro Holding Corp (PUMP) has gone up by 13.88% for the week, with a -4.63% drop in the past month and a -2.43% drop in the past quarter. The volatility ratio for the week is 4.13%, and the volatility levels for the past 30 days are 3.55% for PUMP. The simple moving average for the last 20 days is 4.46% for PUMP stock, with a simple moving average of -3.60% for the last 200 days.
Is It Worth Investing in ProPetro Holding Corp (NYSE: PUMP) Right Now?
ProPetro Holding Corp (NYSE: PUMP) has a price-to-earnings ratio of 26.67x that is above its average ratio. Additionally, the 36-month beta value for PUMP is 2.03. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PUMP is 79.98M and currently, short sellers hold a 12.34% ratio of that float. The average trading volume of PUMP on September 19, 2024 was 1.37M shares.
PUMP) stock’s latest price update
The stock of ProPetro Holding Corp (NYSE: PUMP) has increased by 0.37 when compared to last closing price of 8.01. Despite this, the company has experienced a 13.88% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-08-27 that VANCOUVER, BC / ACCESSWIRE / August 27, 2024 / Stock Trend Capital Inc. (CSE:PUMP)(FRA:WCF)(OTC Pink:STOCF) (the “Company” or “Stock Trend”) is pleased to provide an update on its investment in Younet (“Younet”), a privately held Canadian company developing an innovative platform powered by artificial intelligence (“AI”) that enables users to create personalized AI models based on their data knowledge. On August 19, 2024, Younet issued a news release announcing that the company has been awarded a support grant by the National Research Council of Canada Industrial Research Assistance Program (“NRC AIRAP”).
PUMP Trading at -1.72% 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 -29.29% of loss for the given period.
Volatility was left at 3.55%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares sank -0.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.75% upper at present.
During the last 5 trading sessions, PUMP rose by +13.88%, which changed the moving average for the period of 200-days by -11.75% in comparison to the 20-day moving average, which settled at $7.69. In addition, ProPetro Holding Corp saw -4.06% 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 PUMP starting from Vion Michele, who sale 5,000 shares at the price of $8.26 back on Aug 26 ’24. After this action, Vion Michele now owns 34,006 shares of ProPetro Holding Corp, valued at $41,300 using the latest closing price.
Vion Michele, the Director of ProPetro Holding Corp, proposed sale 5,000 shares at $8.26 during a trade that took place back on Aug 26 ’24, which means that Vion Michele is holding shares at $41,275 based on the most recent closing price.
Stock Fundamentals for PUMP
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.13 for the gross margin
The net margin for ProPetro Holding Corp stands at 0.02. The total capital return value is set at 0.07. Equity return is now at value 3.42, with 2.30 for asset returns.
Based on ProPetro Holding Corp (PUMP), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 3.91. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 10.84.
Currently, EBITDA for the company is 384.24 million with net debt to EBITDA at 0.42. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 6.95for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, ProPetro Holding Corp (PUMP) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
