ProFrac Holding Corp [ACDC] stock prices are up 2.85% to $6.13 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACDC shares have gain 14.79% over the last week, with a monthly amount drifted -14.50%, 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 October 17, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $6.50 from $7. Previously, Stifel downgraded its rating to Hold on October 11, 2024, and kept the price target unchanged to $7. On January 02, 2024, downgrade downgraded it’s rating to Neutral. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $14 on October 17, 2023. JP Morgan downgraded its rating to a Neutral but $15 remained the price target by the analyst firm on May 11, 2023.
The stock price of ProFrac Holding Corp [ACDC] has been fluctuating between $5.16 and $10.14 over the past year. Currently, Wall Street analysts expect the stock to reach $6.75 within the next 12 months. ProFrac Holding Corp [NASDAQ: ACDC] shares were valued at $6.13 at the most recent close of the market. An investor can expect a potential return of 10.11% based on the average ACDC price forecast.
Analyzing the ACDC fundamentals
The ProFrac Holding Corp [NASDAQ:ACDC] reported sales of 2.22B for trailing twelve months, representing a drop of -18.30%. 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 5.93 points at the first support level, and at 5.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.27, and for the 2nd resistance point, it is at 6.41.
Ratios To Look Out For
It’s worth pointing out that ProFrac Holding Corp [NASDAQ:ACDC]’s Current Ratio is 1.01. Also, the Quick Ratio is 0.64, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 0.86.
Transactions by insiders
Recent insider trading involved THRC Holdings, LP, 10% Owner, that happened on Sep 12 ’24 when 0.35 million shares were purchased. 10% Owner, THRC Holdings, LP completed a deal on Sep 10 ’24 to buy 0.26 million shares. Meanwhile, 10% Owner THRC Holdings, LP bought 2154.0 shares on Sep 09 ’24.
