As of Friday close, ProFrac Holding Corp.’s (NASDAQ:ACDC) stock was up $0.3, moving up 2.83 percent to $10.91. The average number of shares traded per day over the past five days has been 608,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.35 fall in that time frame. In the last twenty days, the average volume was 604,065, while in the previous 50 days, it was 590,696.
Since last month, ACDC stock retreated -13.41%. Shares of the company fell to $10.25 on 08/15/23, the lowest level in the past month. A 52-week high of $27.00 was reached on 01/03/23 after having rallying from a 52-week low of $9.01. Since the beginning of this year, ACDC’s stock price has dropped by -56.71% or -$14.29, and marked a new high 1 time. However, the stock has declined by -59.59% since its 52-week high.
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ACDC stock investors should be aware that ProFrac Holding Corp. (ACDC) stock had its last reported insider trading activity 66 days ago on Jun 14. THRC Holdings, LP, the 10% Owner of the company, purchased of 186,148 shares for $13.40 on Jun 14. It resulted in a $2,494,383 investment by the insider. THRC Holdings, LP added 98,911 shares at an average price of $13.41 on Jun 13. The insider now owns 71,450,423 shares following the transaction. On Jun 09, 10% Owner THRC Holdings, LP bought 64,783 shares at $12.63 apiece. The transaction was valued at $818,209.
Valuation Metrics
Right now, ProFrac Holding Corp. (ACDC) has a P/E ratio of about 4.59. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 0.63, the price-to-book (PB) ratio of 4.96, and the price-to-cash flow ratio of 31.33 may also be considered.
Financial Health
In the three months ended March 31, ProFrac Holding Corp.’s quick ratio stood at 0.80, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 31 was 9.25, and the total debt-to-equity ratio was 10.41. On the profitability front, the trailing twelve-month gross margin is 40.40% percent. In the year ended March 31, EBITDA margin amounted to 30.59%, whereas operating margins totaled 13.30%. Based on annual data, ACDC earned $412.4 million in gross profit and brought in $2.43 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -148.90%. Return on equity (ROE) for the past 12 months was -11.00%.
In ProFrac Holding Corp.’s quarter-end financial report for March 31, it reported total debt of $1.02 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ACDC’s revenue rose 16.83% to $851.7 million during the quarter, while net income inched up to $709.2 million. While analysts expected ProFrac Holding Corp. to report $0.8 quarterly earnings, the actual figure was $0.93 per share, beating the consensus estimate by 16.20%. During the quarter, the company generated $152.9 million in EBITDA. The liabilities of ProFrac Holding Corp. were 2.12 billion at the end of its most recent quarter ended March 31, and its total debt was $1.28 billion. The value of shareholders’ equity is $159.39 million.
Technical Picture
This quick technical analysis looks at ProFrac Holding Corp.’s (ACDC) price momentum. With a historical volatility rate of 52.52%, the RSI 9-day stood at 35.97% on 18 August.
With respect to its five-day moving average, the current ProFrac Holding Corp. price is down by -3.11% percent or -$0.35. At present, ACDC shares trade -13.21% below its 20-day simple moving average and -7.93% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.43% below its SMA50 and -50.21% below its SMA200.
Stochastic coefficient K was 10.30% and Stochastic coefficient D was 6.78%, while ATR was 0.65. Given the Stochastic reading of 16.58% for the 14-day period, the RSI (14) reading has been calculated as 38.14%. As of today, the MACD Oscillator reading stands at -0.64, while the 14-day reading stands at -1.07.
Analyst Ratings
ProFrac Holding Corp. downgraded its rating on ProFrac Holding Corp. (NASDAQ: ACDC) to a Neutral in a note to investors on May 11, 2023. The analysts firm previously had an Overweight rating on the stock.ProFrac Holding Corp. (ACDC) has been rated Overweight by analysts. According to 0 brokerage firms, ACDC is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate ProFrac Holding Corp. stock as buy, with 5 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $12.50 – $18.00. Based on these forecasts, analysts predict ProFrac Holding Corp. (ACDC) will achieve an average price target of $15.50.
