A share price of ProFrac Holding Corp [ACDC] is currently trading at $6.85, up 1.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACDC shares have gain 5.38% over the last week, with a monthly amount drifted -19.13%, 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.
ProFrac Holding Corp experienced fluctuations in its stock price throughout the past year between $5.59 and $11.94. ProFrac Holding Corp [NASDAQ: ACDC] shares were valued at $6.85 at the most recent close of the market.
Analyzing the ACDC fundamentals
Trailing Twelve Months sales for ProFrac Holding Corp [NASDAQ:ACDC] were 2.22B which represents -18.30% decline. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.15 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
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 6.72 points at the first support level, and at 6.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.94, and for the 2nd resistance point, it is at 7.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ProFrac Holding Corp [NASDAQ:ACDC] is 1.01. On the other hand, the Quick Ratio is 0.64, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 0.96.
Transactions by insiders
Recent insider trading involved THRC Holdings, LP, 10% Owner, that happened on Aug 28 ’24 when 69425.0 shares were purchased. 10% Owner, THRC Holdings, LP completed a deal on Aug 27 ’24 to buy 31784.0 shares. Meanwhile, 10% Owner THRC Holdings, LP bought 90821.0 shares on Aug 22 ’24.
