In last trading session, ProFrac Holding Corp (NASDAQ:ACDC) saw 0.85 million shares changing hands with its beta currently measuring 0.89. Company’s recent per share price level of $6.53 trading at $0.09 or 1.40% at ring of the bell on the day assigns it a market valuation of $1.05B. That closing price of ACDC’s stock is at a discount of -82.85% from its 52-week high price of $11.94 and is indicating a premium of 14.4% from its 52-week low price of $5.59. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.14 million shares which gives us an average trading volume of 866.06K if we extend that period to 3-months.
For ProFrac Holding Corp (ACDC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.14. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.12 in the current quarter.
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ProFrac Holding Corp (NASDAQ:ACDC) trade information
Upright in the green during last session for gaining 1.40%, in the last five days ACDC remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $6.53 price level, adding 2.83% to its value on the day. ProFrac Holding Corp’s shares saw a change of -23.00% in year-to-date performance and have moved 13.17% in past 5-day. ProFrac Holding Corp (NASDAQ:ACDC) showed a performance of -19.98% in past 30-days. Number of shares sold short was 4.64 million shares which calculate 6.48 days to cover the short interests.
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 -11.04% of value to its shares in past 6 months, showing an annual growth rate of -31.91% while that of industry is 0.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -14.10% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 639.13M for the same. And 1 analysts are in estimates of company making revenue of 533.8M in the next quarter. Company posted 709.2M and 574.2M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 126.66% while estimates for its earnings growth in next 5 years are of -12.20%.
ProFrac Holding Corp (NASDAQ:ACDC)’s Major holders
Insiders are in possession of 88.48% of company’s total shares while institution are holding 10.21 percent of that, with stock having share float percentage of 88.62%. Investors also watch the number of corporate investors in a company very closely, which is 10.21% institutions for ProFrac Holding Corp that are currently holding shares of the company.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024 , the former fund manager was holding 656.78 shares of worth $4.29 million or 0.41% of the total outstanding shares. The later fund manager was in possession of 608.4 shares on Mar 31, 2024 , making its stake of worth around $3.97 million in the company or a holder of 0.38% of company’s stock.
