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The price of ProFrac Holding Corp (NASDAQ: ACDC) closed at $7.46 in the last session, up 11.01% from day before closing price of $6.72. In other words, the price has increased by $11.01 from its previous closing price. On the day, 1.94 million shares were traded. ACDC stock price reached its highest trading level at $7.745 during the session, while it also had its lowest trading level at $7.0526.
Ratios:
We take a closer look at ACDC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 0.96.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on October 17, 2024, Downgraded its rating to Underweight and sets its target price to $6.50 from $7 previously.
On October 11, 2024, Stifel Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $7.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 12 ’24 when THRC Holdings, LP bought 353,635 shares for $6.17 per share. The transaction valued at 2,181,928 led to the insider holds 79,197,549 shares of the business.
THRC Holdings, LP bought 262,853 shares of ACDC for $1,692,773 on Sep 10 ’24. The 10% Owner now owns 78,843,915 shares after completing the transaction at $6.44 per share. On Sep 09 ’24, another insider, THRC Holdings, LP, who serves as the 10% Owner of the company, bought 2,154 shares for $6.25 each. As a result, the insider paid 13,462 and bolstered with 78,581,062 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACDC now has a Market Capitalization of 1194696704 and an Enterprise Value of 2603193600. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 1.17 whereas that against EBITDA is 5.012.
Stock Price History:
Over the past 52 weeks, ACDC has reached a high of $9.79, while it has fallen to a 52-week low of $5.16. The 50-Day Moving Average of the stock is 14.08%, while the 200-Day Moving Average is calculated to be -0.86%.
Shares Statistics:
According to the various share statistics, ACDC traded on average about 825.28K shares per day over the past 3-months and 647210 shares per day over the past 10 days. A total of 159.40M shares are outstanding, with a floating share count of 12.81M. Insiders hold about 92.00% of the company’s shares, while institutions hold 8.09% stake in the company. Shares short for ACDC as of 1728950400 were 6862700 with a Short Ratio of 8.32, compared to 1726185600 on 7365788. Therefore, it implies a Short% of Shares Outstanding of 6862700 and a Short% of Float of 30.43.
