ProPetro Holding Corp (NYSE: PUMP) is -2.51% lower on its value in year-to-date trading and has touched a low of $6.74 and a high of $11.37 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 PUMP stock was last observed hovering at around $8.03 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $8.17, the stock is 0.70% and 2.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 1.74% at the moment leaves the stock -1.50% off its SMA200. PUMP registered -21.22% loss for a year compared to 6-month loss of -0.24%. The firm has a 50-day simple moving average (SMA 50) of $7.9814 and a 200-day simple moving average (SMA200) of $8.29545.
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The stock witnessed a 2.00% gain in the last 1 month and extending the period to 3 months gives it a -6.95%, and is -0.61% 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 2.82% over the week and 3.88% over the month.
ProPetro Holding Corp (PUMP) has around 2070 employees, a market worth around $850.99M and $1.53B in sales. Current P/E ratio is 27.10 and Fwd P/E is 37.14. Profit margin for the company is 2.21%. Distance from 52-week low is 21.13% and -28.14% from its 52-week high. The company has generated returns on investments over the last 12 months (3.08%).
The EPS is expected to shrink by -78.95% this year
300.0 institutions hold shares in ProPetro Holding Corp (PUMP), with institutional investors hold 111.32% of the company’s shares. The shares outstanding are 109.48M, and float is at 79.98M with Short Float at 12.39%. Institutions hold 85.51% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 17.84 million shares valued at $154.71 million. The investor’s holdings represent 16.4398 of the PUMP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.22 million shares valued at $97.26 million to account for 10.335 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 7.1 million shares representing 6.537 and valued at over $61.51 million, while STATE STREET CORP holds 3.5846 of the shares totaling 3.89 million with a market value of $33.73 million.
ProPetro Holding Corp (PUMP) Insider Activity
The most recent transaction is an insider sale by Vion Michele, the company’s Director. SEC filings show that Vion Michele sold 5,000 shares of the company’s common stock on Aug 26 ’24 at a price of $8.26 per share for a total of $41300.0. Following the sale, the insider now owns 34006.0 shares.
Still, SEC filings show that on Jun 12 ’24, Vion Michele (Director) disposed off 7,778 shares at an average price of $9.21 for $71635.0. The insider now directly holds 39,006 shares of ProPetro Holding Corp (PUMP).
