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Why ProFrac Holding Corp (ACDC) Stock Could See Much Higher Prices Ahead

ProFrac Holding Corp (NASDAQ: ACDC) is -6.60% 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 $7.94 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $7.92, the stock is 2.44% and -1.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -0.25% at the moment leaves the stock -11.04% off its SMA200. ACDC registered -27.04% loss for a year compared to 6-month gain of -0.38%.

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The stock witnessed a -6.27% loss in the last 1 month and extending the period to 3 months gives it a 9.24%, and is 7.46% 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 6.11% over the week and 6.05% over the month.

ProFrac Holding Corp (ACDC) has around 2949 employees, a market worth around $1.26B and $2.35B in sales. Fwd P/E is 5.41. Profit margin for the company is -5.71%. Distance from 52-week low is 22.60% and -44.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.98%).

The EPS is expected to grow by 378.60% this year.

ProFrac Holding Corp (ACDC) Top Institutional Holders

The shares outstanding are 159.40M, and float is at 18.27M with Short Float at 29.32%.

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).

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