Does ProFrac Holding Corp (ACDC)’s Current Price Volatility Hinder Its Future Potential?

ProFrac Holding Corp (NASDAQ:ACDC) has a beta value of 1.05 and has seen 1.47 million shares traded in the last trading session. The company, currently valued at $1.01B, closed the last trade at $6.31 per share which meant it gained $0.33 on the day or 5.52% during that session. The ACDC stock price is -89.22% off its 52-week high price of $11.94 and 11.41% above the 52-week low of $5.59. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.07 million shares traded. The 3-month trading volume is 884.32K shares.

The consensus among analysts is that ProFrac Holding Corp (ACDC) is Buy stock at the moment, with a recommendation rating of 2.14. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.12.

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ProFrac Holding Corp (NASDAQ:ACDC) trade information

Sporting 5.52% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ACDC stock price touched $6.31 or saw a rise of 16.86%. Year-to-date, ProFrac Holding Corp shares have moved -25.59%, while the 5-day performance has seen it change -11.87%. Over the past 30 days, the shares of ProFrac Holding Corp (NASDAQ:ACDC) have changed -22.10%. Short interest in the company has seen 4.64 million shares shorted with days to cover at 6.48.

ProFrac Holding Corp (ACDC) estimates and forecasts

Figures show that ProFrac Holding Corp shares have underperformed across the wider relevant industry. The company’s shares have lost -12.97% over the past 6 months, with this year growth rate of -8.51%, compared to 3.20% for the industry. Revenue growth from the last financial year stood is estimated to be -7.10%.

5 analysts offering their estimates for the company have set an average revenue estimate of 639.13M for the current quarter. 5 have an estimated revenue figure of 623.57M for the next ending quarter. Year-ago sales stood 709.2M and 574.2M respectively for this quarter and the next, and analysts expect sales will shrink by -9.90% for the current quarter and -7.10% for the next.

Earnings growth for 2024 is a modest 126.66% while over the next 5 years, the company’s earnings are expected to decrease by -12.20%.

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

Insiders own 88.48% of the company shares, while shares held by institutions stand at 12.62% with a share float percentage of 109.62%. Investors are also buoyed by the number of investors in a company, with ProFrac Holding Corp having a total of 148.0 institutions that hold shares in the company.