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After Plunging -19.62% During Past Week, Is ProFrac Holding Corp. (NASDAQ: ACDC) Still A Buy?

ProFrac Holding Corp. (NASDAQ:ACDC)’s traded shares stood at 1.08 million during the last session. At the close of trading, the stock’s price was $14.42, to imply a decrease of -4.94% or -$0.75 in intraday trading. The ACDC share’s 52-week high remains $27.00, putting it -87.24% down since that peak but still an impressive 8.6% since price per share fell to its 52-week low of $13.18. The company has a valuation of $2.40B, with an average of 0.46 million shares in intraday trading volume over the past 10 days and average of 386.69K shares over the past 3 months.

ProFrac Holding Corp. (NASDAQ:ACDC) trade information

After registering a -4.94% downside in the last session, ProFrac Holding Corp. (ACDC) has traded red over the past five days. The stock hit a weekly high of 17.40 this Friday, 03/17/23, dropping -4.94% in its intraday price action. The 5-day price performance for the stock is -19.62%, and -31.00% over 30 days. With these gigs, the year-to-date price performance is -42.78%. Short interest in ProFrac Holding Corp. (NASDAQ:ACDC) saw shorts transact 2.33 million shares and set a 5.79 days time to cover.

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ProFrac Holding Corp. (ACDC) estimates and forecasts

Revenue forecast for the current quarter as set by 4 analysts is $799.08 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $977.5 million.

ACDC Dividends

ProFrac Holding Corp. has its next earnings report out on November 11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. ProFrac Holding Corp. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

ProFrac Holding Corp. (NASDAQ:ACDC)’s Major holders

ProFrac Holding Corp. insiders hold 57.94% of total outstanding shares, with institutional holders owning 37.14% of the shares at 88.30% float percentage. In total, 37.14% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 1.82 million shares (or 4.41% of shares), all amounting to roughly $27.69 million.

The next major institution holding the largest number of shares is Capital Research Global Investors with 1.19 million shares, or about 2.90% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $18.17 million.

We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the ProFrac Holding Corp. (ACDC) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 0.61 million shares. This is just over 1.48% of the total shares, with a market valuation of $9.29 million. Data from the same date shows that the other fund manager holds a little less at 0.53 million, or 1.29% of the shares, all valued at about 13.39 million.

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