ProFrac Holding Corp [ACDC] stock prices are up 5.87% to $7.93 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ACDC shares have lost -4.34% over the last week, with a monthly amount drifted -3.53%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of ProFrac Holding Corp [ACDC] has been fluctuating between $6.46 and $14.32 over the past year. ProFrac Holding Corp [NASDAQ: ACDC] shares were valued at $7.93 at the most recent close of the market.
Analyzing the ACDC fundamentals
The ProFrac Holding Corp [NASDAQ:ACDC] reported sales of 2.62B for trailing twelve months, representing a drop of -38.41%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.07 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.86.
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 7.58 points at the first support level, and at 7.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.14, and for the 2nd resistance point, it is at 8.36.
Ratios To Look Out For
It’s worth pointing out that ProFrac Holding Corp [NASDAQ:ACDC]’s Current Ratio is 0.98. As well, the Quick Ratio is 0.62, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 1.04.
Transactions by insiders
Recent insider trading involved THRC Holdings, LP, 10% Owner, that happened on Nov 10 ’23 when 0.63 million shares were purchased. 10% Owner, Wilks Farris completed a deal on Oct 27 ’23 to buy 3409.0 shares. Meanwhile, 10% Owner THRC Holdings, LP bought 0.6 million shares on Oct 17 ’23.
