ProFrac Holding Corp (ACDC) Shares See 3.68% Rise Over Last Week

At the time of writing, ProFrac Holding Corp [ACDC] stock is trading at $7.61, up 3.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACDC shares have gain 3.68% over the last week, with a monthly amount glided 0.93%, and seem to be holding up well over a long-time horizon.

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On 21, February 2024, ProFrac Holding Corp. Announces 2023 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule. In a post published today on Yahoo Finance, ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac” or the “Company”) announced today that it will report its 2023 fourth quarter and full year financial results prior to the Company’s live conference call, which will be broadcast live over the Internet, on Wednesday, March 13, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central.

From an analyst’s perspective:

ProFrac Holding Corp [NASDAQ: ACDC] stock has seen the most recent analyst activity on January 02, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Morgan Stanley downgraded its rating to Equal-Weight on October 17, 2023, and dropped its price target to $14. On May 11, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $15 on the stock.

For the past year, the stock price of ProFrac Holding Corp fluctuated between $6.46 and $21.78. ProFrac Holding Corp [NASDAQ: ACDC] shares were valued at $7.61 at the most recent close of the market.

Analyzing the ACDC fundamentals

According to ProFrac Holding Corp [NASDAQ:ACDC], the company’s sales were 2.93B for trailing twelve months, which represents an -17.59% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.21 points at the first support level, and at 6.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.92, and for the 2nd resistance point, it is at 8.24.

ProFrac Holding Corp [ACDC] reported earnings per share of -$0.07 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of -$0.17 and a surprise factor of -170.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.45 per share as compared to estimates of $0.22 per share, a difference of $0.23 representing a surprise of 104.50%.

Ratios To Look Out For

It is important to note that ProFrac Holding Corp [NASDAQ:ACDC] has a current ratio of 0.96. On the other hand, the Quick Ratio is 0.58, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 0.97 and price to earnings (TTM) ratio is 8.17.

Transactions by insiders

Recent insider trading involved THRC Holdings, LP, 10% Owner, that happened on Nov 10 when 0.63 million shares were purchased. 10% Owner, Wilks Farris completed a deal on Oct 27 to buy 3409.0 shares. Meanwhile, 10% Owner THRC Holdings, LP bought 0.6 million shares on Oct 17.

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