ProFrac Holding Corp (NASDAQ: ACDC) is -6.49% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACDC stock was last observed hovering at around $7.49 in the last trading session, with the day’s gains setting it 0.44%.
Currently trading at $7.93, the stock is -5.66% and -0.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing 5.87% at the moment leaves the stock -14.73% off its SMA200. ACDC registered -33.81% loss for a year compared to 6-month loss of -17.14%.
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The stock witnessed a -3.53% gain in the last 1 month and extending the period to 3 months gives it a 11.38%, and is -4.34% down 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 7.12% over the week and 5.01% over the month.
ProFrac Holding Corp (ACDC) has around 2949 employees, a market worth around $1.27B and $2.62B in sales. Fwd P/E is 5.33. Profit margin for the company is -4.31%. Distance from 52-week low is 22.76% and -44.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.96%).
The EPS is expected to grow by 372.76% this year
The shares outstanding are 159.40M, and float is at 18.27M with Short Float at 30.98%.
ProFrac Holding Corp (ACDC) Insider Activity
The most recent transaction is an insider purchase by THRC Holdings, LP, the company’s 10% 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).
