During the last session, ProFrac Holding Corp (NASDAQ:ACDC)’s traded shares were 0.57 million, with the beta value of the company hitting 0.96. At the end of the trading day, the stock’s price was $7.75, reflecting an intraday gain of 2.65% or $0.2. The 52-week high for the ACDC share is $9.75, that puts it down -25.81 from that peak though still a striking 33.42% gain since the share price plummeted to a 52-week low of $5.16. The company’s market capitalization is $1.24B, and the average intraday trading volume over the past 10 days was 0.59 million shares, and the average trade volume was 748.45K shares over the past three months.
ProFrac Holding Corp (ACDC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.40. ACDC has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.23.
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ProFrac Holding Corp (NASDAQ:ACDC) trade information
ProFrac Holding Corp (ACDC) registered a 2.65% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.65% in intraday trading to $7.75, hitting a weekly high. The stock’s 5-day price performance is 20.53%, and it has moved by 40.27% in 30 days. Based on these gigs, the overall price performance for the year is -7.07%. The short interest in ProFrac Holding Corp (NASDAQ:ACDC) is 6.92 million shares and it means that shorts have 10.91 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.75, which implies a decrease of -14.81% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.5 and $7 respectively. As a result, ACDC is trading at a premium of 9.68% off the target high and 16.13% off the low.
ProFrac Holding Corp (ACDC) estimates and forecasts
Statistics show that ProFrac Holding Corp has underperformed its competitors in share price, compared to the industry in which it operates. ProFrac Holding Corp (ACDC) shares have gone down -15.67% during the last six months, with a year-to-date growth rate less than the industry average at -306.38% against -9.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 15.17% this quarter and then drop -364.32% in the quarter after that. In the rating firms’ projections, revenue will decrease -15.53% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 498.5M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 590.3M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 489.1M and 581.5M respectively. In this case, analysts expect current quarter sales to grow by 1.92% and then jump by 1.51% in the coming quarter.
While earnings are projected to return -30.22% in 2024.
ACDC Dividends
ProFrac Holding Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ProFrac Holding Corp (NASDAQ:ACDC)’s Major holders
ProFrac Holding Corp insiders own 89.74% of total outstanding shares while institutional holders control 10.03%, with the float percentage being 97.68%.
Also, the Mutual Funds coming in first place with the largest holdings of ProFrac Holding Corp (ACDC) shares are Vanguard Total Stock Market Index Fund and EA Series Trust-EA Bridgeway Omni Small-Cap Value ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 783.46 shares. This amounts to just over 0.49 percent of the company’s overall shares, with a $6.07 million market value. The same data shows that the other fund manager holds slightly less at 553.35, or about 0.35% of the stock, which is worth about $4.29 million.
