In the last trading session, 1.09 million ProFrac Holding Corp (NASDAQ:ACDC) shares changed hands as the company’s beta touched 1.69. With the company’s per share price at $7.97 changed hands at $0.21 or 2.71% during last session, the market valuation stood at $1.28B. ACDC’s last price was a discount, traded about -34.25% off its 52-week high of $10.70. The share price had its 52-week low at $3.83, which suggests the last value was 51.94% up since then. When we look at ProFrac Holding Corp’s average trading volume, we note the 10-day average is 1.1 million shares, with the 3-month average coming to 976.24K.
Analysts gave the ProFrac Holding Corp (ACDC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 4.00. 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 (NASDAQ:ACDC) trade information
Instantly ACDC was in green as seen at the end of in last trading. With action -3.16%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 8.73%, with the 5-day performance at -3.16% in the red. However, in the 30-day time frame, ProFrac Holding Corp (NASDAQ:ACDC) is -4.44% down. Looking at the short shares, we see there were 4.14 million shares sold at short interest cover period of 3.83 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.75, meaning bulls need a downside of -18.07% from its current 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 12.17% surge from its current level, while the stock would need to tank 18.44% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -13.22%. The 2025 estimates are for ProFrac Holding Corp earnings to decrease by -17.08%, but the outlook for the next 5-year period is at 38.19% per year.
ACDC Dividends
ProFrac Holding Corp is expected to release its next quarterly earnings report on 2025-May-07.
ProFrac Holding Corp (NASDAQ:ACDC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 90.39% of ProFrac Holding Corp shares while 10.81% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 112.49%. There are 10.81% institutions holding the ProFrac Holding Corp stock share, with CRESTVIEW PARTNERS III GP, L.P. the top institutional holder. As of 2024-06-30, the company held 2.0801% of the shares, roughly 3.33 million ACDC shares worth $24.69 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 1.2028% or 1.93 million shares worth $14.28 million as of 2024-06-30.
