ProFrac Holding Corp (NASDAQ:ACDC)’s traded shares stood at 0.79 million during the last session, with the company’s beta value hitting 1.17. At the close of trading, the stock’s price was $7.41, to imply a decrease of -10.18% or -$0.84 in intraday trading. The ACDC share’s 52-week high remains $9.75, putting it -31.58% down since that peak but still an impressive 30.36% since price per share fell to its 52-week low of $5.16. The company has a valuation of $1.19B, with an average of 0.58 million shares in intraday trading volume over the past 10 days and average of 714.57K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for ProFrac Holding Corp (ACDC), translating to a mean rating of 3.80. Of 2 analyst(s) looking at the stock, 0 analyst(s) give ACDC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.23.
ProFrac Holding Corp (NASDAQ:ACDC) trade information
After registering a -10.18% downside in the last session, ProFrac Holding Corp (ACDC) has traded red over the past five days. The 5-day price performance for the stock is -18.30%, and -0.67% over 30 days. With these gigs, the year-to-date price performance is -12.62%. Short interest in ProFrac Holding Corp (NASDAQ:ACDC) saw shorts transact 5.89 million shares and set a 8.68 days time to cover.
The extremes give us $6.5 and $7 for target low and target high price respectively. As such, ACDC has been trading 5.53% off suggested target high and 12.28% from its likely low.
ProFrac Holding Corp (ACDC) estimates and forecasts
Looking at statistics comparing ProFrac Holding Corp share performance against respective industry, we note that the company has underperformed competitors. ProFrac Holding Corp (ACDC) shares are -15.12% down over the last 6 months, with its year-to-date growth rate lower than industry average at -306.38% against -7.80%. The rating firms project that company’s revenue will shrink -15.53% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 498.5M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 590.3M.Earnings reports from the last fiscal year show that sales brought in 489.1M and 581.5M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.92% before jumping 1.51% in the following quarter.
ACDC Dividends
ProFrac Holding Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
ProFrac Holding Corp (NASDAQ:ACDC)’s Major holders
ProFrac Holding Corp insiders hold 89.79% of total outstanding shares, with institutional holders owning 10.03% of the shares at 98.16% float percentage. In total, 10.03% institutions holds shares in the company.
