The stock price of ProFrac Holding Corp (NASDAQ: ACDC) has dropped by -8.48 compared to previous close of 8.25. Despite this, the company has seen a fall of -16.76% in its stock price over the last five trading days. 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.
Is It Worth Investing in ProFrac Holding Corp (NASDAQ: ACDC) Right Now?
Moreover, the 36-month beta value for ACDC is 1.17. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for ACDC is 12.73M and currently, short sellers hold a 46.30% of that float. On December 06, 2024, ACDC’s average trading volume was 714.57K shares.
ACDC’s Market Performance
The stock of ProFrac Holding Corp (ACDC) has seen a -16.76% decrease in the past week, with a 1.21% rise in the past month, and a 18.71% gain in the past quarter. The volatility ratio for the week is 5.15%, and the volatility levels for the past 30 days are at 6.28% for ACDC. The simple moving average for the past 20 days is -2.02% for ACDC’s stock, with a -0.07% 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 $6.50, previously predicting the price at $7. The rating they have provided for ACDC stocks is “Underweight” according to the report published on October 17th, 2024.
Stifel gave a rating of “Hold” to ACDC, setting the target price at $7 in the report published on October 11th of the current year.
ACDC Trading at 6.91% 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 -22.56% of loss for the given period.
Volatility was left at 6.28%, however, over the last 30 days, the volatility rate increased by 5.15%, as shares surge +3.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.26% upper at present.
During the last 5 trading sessions, ACDC fell by -18.41%, which changed the moving average for the period of 200-days by +0.95% in comparison to the 20-day moving average, which settled at $7.70. In addition, ProFrac Holding Corp saw -10.97% 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 535.3 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 1.12. 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
To wrap up, the performance of ProFrac Holding Corp (ACDC) has been mixed in recent times. The stock has received a mixed of “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.
