ProFrac Holding Corp (NASDAQ: ACDC) is 3.18% higher on its value in year-to-date trading and has touched a low of $6.46 and a high of $14.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACDC stock was last observed hovering at around $8.96 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $8.75, the stock is 6.56% and 11.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -2.34% at the moment leaves the stock -7.25% off its SMA200. ACDC registered -34.90% loss for a year compared to 6-month loss of -3.37%. The firm has a 50-day simple moving average (SMA 50) of $0.96 and a 200-day simple moving average (SMA200) of $4.73.
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The stock witnessed a 10.76% gain in the last 1 month and extending the period to 3 months gives it a 9.38%, and is 2.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.89% over the week and 5.38% over the month.
ProFrac Holding Corp (ACDC) has around 2949 employees, a market worth around $1.40B and $2.62B in sales. Fwd P/E is 5.80. Profit margin for the company is -4.31%. Distance from 52-week low is 35.45% and -38.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.96%).
ProFrac Holding Corp quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $590.37M over the same period.The EPS is expected to grow by 335.27% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to shrink -33.90% in year-over-year returns.
ProFrac Holding Corp (ACDC) Top Institutional Holders
133 institutions hold shares in ProFrac Holding Corp (ACDC), with institutional investors hold 84.69% of the company’s shares. The shares outstanding are 159.40M, and float is at 18.09M with Short Float at 33.70%. Institutions hold 12.96% of the Float.
The top institutional shareholder in the company is Crestview Partners III GP, LP with over 3.33 million shares valued at $37.19 million. The investor’s holdings represent 2.09% of the ACDC Shares outstanding. As of Jun 29, 2023, the second largest holder is Encompass Capital Advisors, LLC with 2.97 million shares valued at $33.17 million to account for 1.86% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 2.46 million shares representing 1.55% and valued at over $27.5 million, while Blackrock Inc. holds 1.17% of the shares totaling 1.86 million with a market value of $20.77 million.
ProFrac Holding Corp (ACDC) Insider Activity
The most recent transaction is an insider purchase by THRC Holdings, LP,the company’s10% Owner. SEC filings show that THRC Holdings, LP bought 630,496 shares of the company’s common stock on Nov 10 ’23 at a price of $9.63 per share for a total of $6.07 million. Following the purchase, the insider now owns 72.87 million shares.
ProFrac Holding Corp disclosed in a document filed with the SEC on Oct 27 ’23 that Wilks Farris (10% Owner) bought a total of 3,409 shares of the company’s common stock. The trade occurred on Oct 27 ’23 and was made at $9.24 per share for $31516.0. Following the transaction, the insider now directly holds 0.98 million shares of the ACDC stock.
Still, SEC filings show that on Oct 17 ’23, THRC Holdings, LP (10% Owner) acquired 603,478 shares at an average price of $9.09 for $5.49 million. The insider now directly holds 72,240,049 shares of ProFrac Holding Corp (ACDC).
