In the latest trading session, 0.42 million ProFrac Holding Corp (NASDAQ:ACDC) shares changed hands as the company’s beta touched 0.81. With the company’s most recent per share price at $5.99 changed hands at -$0.25 or -4.01% at last look, the market valuation stands at $959.30M. ACDC’s current price is a discount, trading about -69.28% off its 52-week high of $10.14. The share price had its 52-week low at $5.59, which suggests the last value was 6.68% up since then. When we look at ProFrac Holding Corp’s average trading volume, we note the 10-day average is 0.59 million shares, with the 3-month average coming to 857.10K.
Analysts gave the ProFrac Holding Corp (ACDC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ACDC as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. ProFrac Holding Corp’s EPS for the current quarter is expected to be -0.13.
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ProFrac Holding Corp (NASDAQ:ACDC) trade information
Instantly ACDC was in red as seen in intraday trades today. With action -14.18%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -29.36%, with the 5-day performance at -14.18% in the red. However, in the 30-day time frame, ProFrac Holding Corp (NASDAQ:ACDC) is -6.99% down. Looking at the short shares, we see there were 6.95 million shares sold at short interest cover period of 7.7 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.75, meaning bulls need an upside of 11.26% from its recent market value. According to analyst projections, ACDC’s forecast low is 6.5 with 7 as the target high. To hit the forecast high, the stock’s price needs a -16.86% plunge from its current level, while the stock would need to soar -8.51% for it to hit the projected low.
ProFrac Holding Corp (ACDC) estimates and forecasts
Data shows that the ProFrac Holding Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -25.50% over the past 6 months, a -280.85% in annual growth rate that is considerably lower than the industry average of -5.30%. Year-over-year growth is forecast to reach -15.60% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 560.71M. 3 analysts are of the opinion that ProFrac Holding Corp’s revenue for the current quarter will be 504.23M. The company’s revenue for the corresponding quarters a year ago was 574.2M and 489.1M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.30%. The estimates for the next quarter sales put growth at 3.10%.
The 2024 estimates are for ProFrac Holding Corp earnings to increase by 6.76%.
ACDC Dividends
ProFrac Holding Corp is expected to release its next quarterly earnings report on 2024-Aug-08.
ProFrac Holding Corp (NASDAQ:ACDC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 89.74% of ProFrac Holding Corp shares while 10.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.28%.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 783.46 shares estimated at $4.69 million under it, the former controlled 0.49% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 0.34% of the shares, roughly 549.64 shares worth around $3.29 million.
