ProFrac Holding Corp (NASDAQ: ACDC) is -10.14% lower on its value in year-to-date trading and has touched a low of $5.59 and a high of $10.30 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 $7.47 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $7.62, the stock is 17.07% and 12.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.63 million and changing 2.01% at the moment leaves the stock -0.92% off its SMA200. ACDC registered -24.48% loss for a year compared to 6-month loss of -14.00%. The firm has a 50-day simple moving average (SMA 50) of $6.8039 and a 200-day simple moving average (SMA200) of $7.688.
The stock witnessed a 23.70% gain in the last 1 month and extending the period to 3 months gives it a 3.81%, and is 18.69% 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 6.33% over the week and 6.14% over the month.
ProFrac Holding Corp (ACDC) has around 2949 employees, a market worth around $1.22B and $2.22B in sales. Fwd P/E is 36.99. Profit margin for the company is -8.97%. Distance from 52-week low is 36.31% and -26.05% 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 41.22% this year
144.0 institutions hold shares in ProFrac Holding Corp (ACDC), with institutional investors hold 104.48% of the company’s shares. The shares outstanding are 159.40M, and float is at 12.74M with Short Float at 57.82%. Institutions hold 10.73% 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 353,635 shares of the company’s common stock on Sep 12 ’24 at a price of $6.17 per share for a total of $2.18 million. Following the purchase, the insider now owns 79.2 million shares.
ProFrac Holding Corp disclosed in a document filed with the SEC on Sep 10 ’24 that THRC Holdings, LP (10% Owner) bought a total of 262,853 shares of the company’s common stock. The trade occurred on Sep 10 ’24 and was made at $6.44 per share for $1.69 million. Following the transaction, the insider now directly holds 78.84 million shares of the ACDC stock.
Still, SEC filings show that on Sep 09 ’24, THRC Holdings, LP (10% Owner) acquired 2,154 shares at an average price of $6.25 for $13462.0. The insider now directly holds 78,581,062 shares of ProFrac Holding Corp (ACDC).
