rts logo

Is ProPetro Holding Corp (PUMP) a good stock to buy now?

ProPetro Holding Corp (NYSE: PUMP) is 10.02% higher on its value in year-to-date trading and has touched a low of $6.99 and a high of $11.37 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 PUMP stock was last observed hovering at around $9.06 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $9.22, the stock is -2.35% and 2.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 1.77% at the moment leaves the stock 3.31% off its SMA200. PUMP registered 16.86% gain for a year compared to 6-month gain of 11.35%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

The stock witnessed a -2.12% loss in the last 1 month and extending the period to 3 months gives it a 25.44%, and is 0.22% 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 3.05% over the week and 3.22% over the month.

ProPetro Holding Corp (PUMP) has around 2070 employees, a market worth around $986.91M and $1.61B in sales. Current P/E ratio is 13.60 and Fwd P/E is 11.12. Profit margin for the company is 4.76%. Distance from 52-week low is 31.90% and -18.91% from its 52-week high. The company has generated returns on investments over the last 12 months (6.82%).

The EPS is expected to shrink by -18.88% this year.

ProPetro Holding Corp (PUMP) Top Institutional Holders

The shares outstanding are 109.48M, and float is at 82.98M with Short Float at 10.99%.

ProPetro Holding Corp (PUMP) Insider Activity

The most recent transaction is an insider sale by Munoz Adam,the company’sPresident and COO. SEC filings show that Munoz Adam sold 42,573 shares of the company’s common stock on May 03 ’24 at a price of $9.28 per share for a total of $0.4 million. Following the sale, the insider now owns 58134.0 shares.

ProPetro Holding Corp disclosed in a document filed with the SEC on Nov 03 ’23 that Vion Michele (Director) sold a total of 14,426 shares of the company’s common stock. The trade occurred on Nov 03 ’23 and was made at $10.48 per share for $0.15 million. Following the transaction, the insider now directly holds 25668.0 shares of the PUMP stock.

Still, SEC filings show that on Sep 18 ’23, GOBE PHILLIP A (Director) disposed off 20,000 shares at an average price of $11.00 for $0.22 million. The insider now directly holds 168,629 shares of ProPetro Holding Corp (PUMP).

Related Posts