Navigating the Volatility of ProPetro Holding Corp’s (PUMP) Stock

The stock of ProPetro Holding Corp (PUMP) has gone down by 0.00% for the week, with a 17.00% rise in the past month and a -1.90% drop in the past quarter. The volatility ratio for the week is 3.21%, and the volatility levels for the past 30 days are 4.12% for PUMP. The simple moving average for the last 20 days is 3.00% for PUMP stock, with a simple moving average of -0.48% for the last 200 days.

Is It Worth Investing in ProPetro Holding Corp (NYSE: PUMP) Right Now?

The price-to-earnings ratio for ProPetro Holding Corp (NYSE: PUMP) is above average at 27.40x, Company’s 36-month beta value is 2.04.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”

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The public float for PUMP is 79.98M, and currently, short sellers hold a 12.39% ratio of that floaft. The average trading volume of PUMP on October 11, 2024 was 1.28M shares.

PUMP) stock’s latest price update

ProPetro Holding Corp (NYSE: PUMP)’s stock price has plunge by 0.49relation to previous closing price of 8.22. businesswire.com reported 2024-10-03 that MIDLAND, Texas–(BUSINESS WIRE)–ProPetro Announces Third Quarter 2024 Earnings Call.

PUMP Trading at 3.22% 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 -27.35% of loss for the given period.

Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares surge +14.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.87% lower at present.

During the last 5 trading sessions, PUMP remain unchanged, which changed the moving average for the period of 200-days by -2.48% in comparison to the 20-day moving average, which settled at $8.02. In addition, ProPetro Holding Corp saw -1.43% 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 0.63. 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 a nutshell, ProPetro Holding Corp (PUMP) has experienced a bad performance in recent times. The stock has received mixed “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.

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