At the time of writing, ProPetro Holding Corp [PUMP] stock is trading at $8.01, up 5.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PUMP shares have gain 11.87% over the last week, with a monthly amount drifted -5.43%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ProPetro Holding Corp [NYSE: PUMP] stock has seen the most recent analyst activity on January 16, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, The Benchmark Company upgraded its rating to Buy on July 19, 2023. On January 19, 2023, The Benchmark Company initiated with a Hold rating. Citigroup downgraded its rating to a Neutral but stick to its price target of $12 on January 17, 2023. Barclays upgraded its rating to a Overweight but $14 remained the price target by the analyst firm on January 10, 2023. JP Morgan downgraded its rating to Underweight for this stock on May 26, 2022, and downed its price target to $14. In a note dated May 05, 2022, Tudor Pickering Holt & Co. upgraded an Buy rating on this stock.
For the past year, the stock price of ProPetro Holding Corp fluctuated between $6.74 and $11.37. Currently, Wall Street analysts expect the stock to reach $16.75 within the next 12 months. ProPetro Holding Corp [NYSE: PUMP] shares were valued at $8.01 at the most recent close of the market. An investor can expect a potential return of 109.11% based on the average PUMP price forecast.
Analyzing the PUMP fundamentals
According to ProPetro Holding Corp [NYSE:PUMP], the company’s sales were 1.53B for trailing twelve months, which represents an -17.97% plunge. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, 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 0.03 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 7.75 points at the first support level, and at 7.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.15, and for the 2nd resistance point, it is at 8.29.
Ratios To Look Out For
It is important to note that ProPetro Holding Corp [NYSE:PUMP] has a current ratio of 1.11. Also, the Quick Ratio is 1.04, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 0.54, the price to book ratio is 0.86 and price to earnings (TTM) ratio is 26.57.
Transactions by insiders
Recent insider trading involved Vion Michele, Director, that happened on Aug 26 ’24 when 5000.0 shares were sold. Director, Vion Michele completed a deal on Aug 26 ’24 to buy 5000.0 shares. Meanwhile, Director Vion Michele sold 7778.0 shares on Jun 12 ’24.
