In the last trading session, 1.33 million shares of the ProFrac Holding Corp. (NASDAQ:ACDC) were traded. Most recently the company’s share price was $12.31, and it changed around $0.28 or 2.33% from the last close, which brings the market valuation of the company to $1.91B. ACDC currently trades at a discount to its 52-week high of $27.00, offering almost -119.33% off that amount. The share price’s 52-week low was $9.01, which indicates that the current value has risen by an impressive 26.81% since then. We note from ProFrac Holding Corp.’s average daily trading volume that its 10-day average is 1.11 million shares, with the 3-month average coming to 820.49K.
ProFrac Holding Corp. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.10. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended ACDC as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. ProFrac Holding Corp. is expected to report earnings per share of $0.79 for the current quarter.
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ProFrac Holding Corp. (NASDAQ:ACDC) trade information
Instantly ACDC has showed a green trend with a performance of 2.33% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.51 on Tuesday, 05/23/23 increased the stock’s daily price by 1.6%. The company’s shares are currently down -51.15% year-to-date, but still up 17.69% over the last five days. On the other hand, ProFrac Holding Corp. (NASDAQ:ACDC) is 1.90% up in the 30-day period. We can see from the shorts that 3.3 million shares have been sold at a short interest cover period of 4.14 day(s).
The consensus price target as assigned by Wall Street analysts is $18.43, which translates to bulls needing to increase their stock price by 33.21% from its current value. Analyst projections state that ACDC is forecast to be at a low of $12.00 and a high of $22.00. In order for the stock price to hit the forecast high, the stock would need to plunge -78.72% from its current level, while the stock would need to crash 2.52% from its current level to reach the projected low.
ProFrac Holding Corp. (ACDC) estimates and forecasts
ProFrac Holding Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -51.46 percent over the past six months and at a -51.81% annual growth rate that is well below the industry average of -6.80%. The year-over-year growth rate is expected to be 38.00%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $843.78 million in revenue for the current quarter. 4 analysts expect ProFrac Holding Corp. to make $837.35 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $589.84 million and $681.05 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 43.10%. Forecasts for the next quarter put sales growth at 22.90%.
ProFrac Holding Corp.’s next quarterly earnings report is expected to be released on March 21.
ProFrac Holding Corp. (NASDAQ:ACDC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 58.28% of ProFrac Holding Corp. shares, and 38.93% of them are in the hands of institutional investors. The stock currently has a share float of 93.31%. ProFrac Holding Corp. stock is held by 158 institutions, with Crestview Partners III GP, LP being the largest institutional investor. By Mar 30, 2023, it held 2.10% of the shares, which is about 3.33 million shares worth $42.22 million.
Vanguard Group, Inc. (The), with 1.52% or 2.42 million shares worth $30.63 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 0.66 million shares worth $16.52 million, making up 1.20% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 0.56 million shares worth around $14.01 million, which represents about 1.02% of the total shares outstanding.