ProFrac Holding Corp (NASDAQ:ACDC) Has Recovered 25.97% So Far, But Another 6.74% Gain Cannot Be Ruled Out

In last trading session, ProFrac Holding Corp (NASDAQ:ACDC) saw 0.41 million shares changing hands with its beta currently measuring 0.94. Company’s recent per share price level of $6.97 trading at -$0.17 or -2.38% at ring of the bell on the day assigns it a market valuation of $1.12B. That closing price of ACDC’s stock is at a discount of -39.89% from its 52-week high price of $9.75 and is indicating a premium of 25.97% from its 52-week low price of $5.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.77 million shares which gives us an average trading volume of 844.16K 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 3.00. 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.

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ProFrac Holding Corp (NASDAQ:ACDC) trade information

Upright in the red during last session for losing -2.38%, in the last five days ACDC remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $6.97 price level, adding 9.95% to its value on the day. ProFrac Holding Corp’s shares saw a change of -17.81% in year-to-date performance and have moved 16.95% in past 5-day. ProFrac Holding Corp (NASDAQ:ACDC) showed a performance of -5.17% in past 30-days. Number of shares sold short was 6.86 million shares which calculate 9.62 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 6.75 to the stock, which implies a fall of -3.26% to its current value. Analysts have been projecting 6.5 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would jump 6.74% in reaching the projected high whereas dropping to the targeted low would mean a gain of 6.74% for stock’s current value.

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 -12.22% of value to its shares in past 6 months, showing an annual growth rate of -300.00% while that of industry is -3.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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

Insiders are in possession of 89.74% of company’s total shares while institution are holding 11.09 percent of that, with stock having share float percentage of 108.06%. Investors also watch the number of corporate investors in a company very closely, which is 11.09% institutions for ProFrac Holding Corp that are currently holding shares of the company.