In the last trading session, 1.19 million shares of the ProFrac Holding Corp (NASDAQ:ACDC) were traded, and its beta was 0.83. Most recently the company’s share price was $6.50, and it changed around $0.27 or 4.33% from the last close, which brings the market valuation of the company to $1.04B. ACDC currently trades at a discount to its 52-week high of $11.72, offering almost -80.31% off that amount. The share price’s 52-week low was $5.59, which indicates that the current value has risen by an impressive 14.0% since then. We note from ProFrac Holding Corp’s average daily trading volume that its 10-day average is 1.05 million shares, with the 3-month average coming to 860.10K.
ProFrac Holding Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended ACDC as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. ProFrac Holding Corp is expected to report earnings per share of -0.06 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 4.33% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.79 on recent trading dayincreased the stock’s daily price by 4.27%. The company’s shares are currently down -23.35% year-to-date, but still down -2.84% over the last five days. On the other hand, ProFrac Holding Corp (NASDAQ:ACDC) is -0.46% down in the 30-day period. We can see from the shorts that 6.13 million shares have been sold at a short interest cover period of 6.51 day(s).
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 -16.88 percent over the past six months and at a -153.19% annual growth rate that is well below the industry average of -0.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 14.30% in revenue this quarter, and will report an increase of 40.90% in the next quarter. The year-over-year growth rate is expected to be -10.20%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 613.97M in revenue for the current quarter. 2 analysts expect ProFrac Holding Corp to make 548.61M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 574.2M and 489.1M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.90%. Forecasts for the next quarter put sales growth at 12.20%.
ProFrac Holding Corp earnings are expected to increase by 41.22% in 2024, but the outlook is negative -12.20% per year for the next five years.
ACDC Dividends
ProFrac Holding Corp’s next quarterly earnings report is expected to be released in October.
ProFrac Holding Corp (NASDAQ:ACDC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 88.48% of ProFrac Holding Corp shares, and 10.60% of them are in the hands of institutional investors. The stock currently has a share float of 92.01%.
