At the time of writing, ProFrac Holding Corp [ACDC] stock is trading at $8.91, down -3.36%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ACDC shares have gain 14.38% over the last week, with a monthly amount glided 20.57%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
ProFrac Holding Corp [NASDAQ: ACDC] stock has seen the most recent analyst activity on December 06, 2024, when JP Morgan downgraded its rating to a Underweight but kept the price target unchanged to $7 for it. Previously, Morgan Stanley downgraded its rating to Underweight on October 17, 2024, and dropped its price target to $6.50. On October 11, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $7 on the stock. Seaport Research Partners downgraded its rating to a Neutral. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $14 on October 17, 2023. JP Morgan downgraded its rating to Neutral for this stock on May 11, 2023, but kept the price target unchanged to $15.
For the past year, the stock price of ProFrac Holding Corp fluctuated between $5.16 and $9.75. 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 $8.91 at the most recent close of the market. An investor can expect a potential drop of -24.24% based on the average ACDC price forecast.
Analyzing the ACDC fundamentals
According to ProFrac Holding Corp [NASDAQ:ACDC], the company’s sales were 2.23B for trailing twelve months, which represents an 0.19% jump. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.17 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.19.
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 8.74 points at the first support level, and at 8.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.21, and for the 2nd resistance point, it is at 9.51.
Ratios To Look Out For
It is important to note that ProFrac Holding Corp [NASDAQ:ACDC] has a current ratio of 0.95. In addition, the Quick Ratio stands at 0.62 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 1.30.
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.
