ProFrac Holding Corp (NASDAQ: ACDC) is -12.03% lower on its value in year-to-date trading and has touched a low of $5.16 and a high of $9.79 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 $6.72 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $7.46, the stock is 17.67% and 14.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.94 million and changing 11.01% at the moment leaves the stock -0.86% off its SMA200. ACDC registered -18.82% loss for a year compared to 6-month gain of 5.22%. The firm has a 50-day simple moving average (SMA 50) of $6.527 and a 200-day simple moving average (SMA200) of $7.52405.
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The stock witnessed a 3.61% loss in the last 1 month and extending the period to 3 months gives it a 22.19%, and is 21.70% 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 8.71% over the week and 6.85% over the month.
ProFrac Holding Corp (ACDC) has around 2949 employees, a market worth around $1.19B and $2.23B in sales. Profit margin for the company is -9.51%. Distance from 52-week low is 44.57% and -23.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.29%).
The EPS is expected to shrink by -25.41% this year
145.0 institutions hold shares in ProFrac Holding Corp (ACDC), with institutional investors hold 104.93% of the company’s shares. The shares outstanding are 159.40M, and float is at 12.81M with Short Float at 53.57%. Institutions hold 10.77% 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).
