How To Know If ProFrac Holding Corp (NASDAQ:ACDC) Is Expensive At $7.31.

In last trading session, ProFrac Holding Corp (NASDAQ:ACDC) saw 0.71 million shares changing hands with its beta currently measuring 0.66. Company’s recent per share price level of $7.31 trading at -$0.02 or -0.27% at ring of the bell on the day assigns it a market valuation of $1.17B. That closing price of ACDC’s stock is at a discount of -203.97% from its 52-week high price of $22.22 and is indicating a premium of 11.63% from its 52-week low price of $6.46. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.8 million shares which gives us an average trading volume of 737.01K if we extend that period to 3-months.

ProFrac Holding Corp (NASDAQ:ACDC) trade information

Upright in the red during last session for losing -0.27%, in the last five days ACDC remained trading in the green while hitting it’s week-highest on Wednesday, 02/07/24 when the stock touched $7.31 price level, adding 2.01% to its value on the day. ProFrac Holding Corp’s shares saw a change of -13.80% in year-to-date performance and have moved 4.13% in past 5-day. ProFrac Holding Corp (NASDAQ:ACDC) showed a performance of -1.48% in past 30-days. Number of shares sold short was 5.4 million shares which calculate 7.39 days to cover the short interests.

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ProFrac Holding Corp (ACDC) estimates and forecasts

Statistics highlight that ProFrac Holding Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -39.08% of value to its shares in past 6 months, showing an annual growth rate of -82.13% while that of industry is -4.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -98.20% in the current quarter and calculating -88.20% decrease in the next quarter. This year revenue growth is estimated to rise 12.50% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $594.97 million for the same. And 5 analysts are in estimates of company making revenue of $602.05 million in the next quarter that will end on Mar 2024. Company posted $794.1 million and $893.04 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -25.10% while estimating it to be -32.60% for the next quarter.

In 2024, company’s earnings growth rate is likely to be around -88.52% while estimates for its earnings growth in next 5 years are of -12.20%.

ACDC Dividends

ProFrac Holding Corp is more likely to be releasing its next quarterly report between March 21 and March 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 84.81% of company’s total shares while institution are holding 12.24 percent of that, with stock having share float percentage of 80.59%. Investors also watch the number of corporate investors in a company very closely, which is 12.24% institutions for ProFrac Holding Corp that are currently holding shares of the company. Crestview Partners III GP, LP is the top institutional holder at ACDC for having 3.33 million shares of worth $24.36 million. And as of Sep 29, 2023, it was holding 2.09% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group Inc, which was holding about 2.26 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 1.42% of outstanding shares, having a total worth of $16.54 million.

On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 0.71 million shares of worth $5.22 million or 0.45% of the total outstanding shares. The later fund manager was in possession of 0.66 million shares on Sep 29, 2023, making its stake of worth around $4.79 million in the company or a holder of 0.41% of company’s stock.

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