ProFrac Holding Corp (NASDAQ: ACDC) is -27.95% lower on its value in year-to-date trading and has touched a low of $5.59 and a high of $11.94 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 $6.35 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $6.11, the stock is -14.61% and -18.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing -3.78% at the moment leaves the stock -23.11% off its SMA200. ACDC registered -41.19% loss for a year compared to 6-month loss of -16.64%.
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The stock witnessed a -16.19% gain in the last 1 month and extending the period to 3 months gives it a -35.48%, and is -5.12% 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 5.47% over the week and 7.85% over the month.
ProFrac Holding Corp (ACDC) has around 2949 employees, a market worth around $978.52M and $2.22B in sales. Fwd P/E is 21.51. Profit margin for the company is -8.97%. Distance from 52-week low is 9.30% and -48.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.57%).
The EPS is expected to grow by 31.35% this year
145.0 institutions hold shares in ProFrac Holding Corp (ACDC), with institutional investors hold 91.98% of the company’s shares. The shares outstanding are 159.40M, and float is at 14.93M with Short Float at 31.10%. Institutions hold 10.59% of the Float.
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 330,130 shares of the company’s common stock on Aug 21 ’24 at a price of $6.36 per share for a total of $2.1 million. Following the purchase, the insider now owns 77.2 million shares.
ProFrac Holding Corp disclosed in a document filed with the SEC on Aug 20 ’24 that THRC Holdings, LP (10% Owner) bought a total of 46,999 shares of the company’s common stock. The trade occurred on Aug 20 ’24 and was made at $6.48 per share for $0.3 million. Following the transaction, the insider now directly holds 76.87 million shares of the ACDC stock.
Still, SEC filings show that on Aug 15 ’24, THRC Holdings, LP (10% Owner) acquired 130,000 shares at an average price of $6.49 for $0.84 million. The insider now directly holds 76,800,545 shares of ProFrac Holding Corp (ACDC).
