The 36-month beta value for ACDC is also noteworthy at 0.93. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for ACDC is 12.81M, and at present, short sellers hold a 54.03% of that float. The average trading volume of ACDC on November 15, 2024 was 780.26K shares.
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ACDC) stock’s latest price update
ProFrac Holding Corp (NASDAQ: ACDC)’s stock price has decreased by -4.28 compared to its previous closing price of 7.01. However, the company has seen a -6.02% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-12 that Innovative Collaboration Aims to Set New Standards in Emissions Reduction and Efficiency WILLOW PARK, Texas, Nov. 12, 2024 /PRNewswire/ — ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”, or the “Company”) is proud to announce its partnership with Prairie Operating Co. (NASDAQ: PROP) (“Prairie”) to implement an electric frac fleet for operations in Colorado. This groundbreaking initiative will feature a fleet of 25 advanced 3,000 HHP single E-Pumps, allowing both hydraulic fracturing and pump down operations to be fully electrified.
ACDC’s Market Performance
ACDC’s stock has fallen by -6.02% in the past week, with a monthly drop of -3.59% and a quarterly rise of 2.76%. The volatility ratio for the week is 6.09% while the volatility levels for the last 30 days are 7.05% for ProFrac Holding Corp The simple moving average for the past 20 days is 5.40% for ACDC’s stock, with a -10.57% simple moving average for the past 200 days.
Analysts’ Opinion of ACDC
Many brokerage firms have already submitted their reports for ACDC stocks, with Morgan Stanley repeating the rating for ACDC by listing it as a “Underweight.” The predicted price for ACDC in the upcoming period, according to Morgan Stanley is $6.50 based on the research report published on October 17, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see ACDC reach a price target of $7. The rating they have provided for ACDC stocks is “Hold” according to the report published on October 11th, 2024.
ACDC Trading at 1.62% 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 -31.18% of loss for the given period.
Volatility was left at 7.05%, however, over the last 30 days, the volatility rate increased by 6.09%, as shares surge +1.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.36% upper at present.
During the last 5 trading sessions, ACDC fell by -6.02%, which changed the moving average for the period of 200-days by -15.17% in comparison to the 20-day moving average, which settled at $6.37. In addition, ProFrac Holding Corp saw -20.87% 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 353,635 shares at the price of $6.17 back on Sep 12 ’24. After this action, THRC Holdings, LP now owns 79,197,549 shares of ProFrac Holding Corp, valued at $2,181,928 using the latest closing price.
THRC Holdings, LP, the 10% Owner of ProFrac Holding Corp, purchase 262,853 shares at $6.44 during a trade that took place back on Sep 10 ’24, which means that THRC Holdings, LP is holding 78,843,915 shares at $1,692,773 based on the most recent closing price.
Stock Fundamentals for ACDC
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.14 for the gross margin
The net margin for ProFrac Holding Corp stands at -0.09. The total capital return value is set at 0.03. Equity return is now at value -16.83, with -6.54 for asset returns.
Based on ProFrac Holding Corp (ACDC), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.08. The interest coverage ratio of the stock is 0.43.
Currently, EBITDA for the company is 656.2 million with net debt to EBITDA at 3.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.06. The receivables turnover for the company is 6.21for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In summary, ProFrac Holding Corp (ACDC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
