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ProFrac Holding Corp (NASDAQ: ACDC) closed the day trading at $6.98 down -4.51% from the previous closing price of $7.31. In other words, the price has decreased by -$4.51 from its previous closing price. On the day, 0.54 million shares were traded. ACDC stock price reached its highest trading level at $7.13 during the session, while it also had its lowest trading level at $6.82.
Ratios:
For a better understanding of ACDC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 0.93.
Morgan Stanley Downgraded its Overweight to Equal-Weight on October 17, 2023, whereas the target price for the stock was revised from $18 to $14.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1170671616 and an Enterprise Value of 2526723328. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 1.136 whereas that against EBITDA is 4.673.
Stock Price History:
Over the past 52 weeks, ACDC has reached a high of $10.14, while it has fallen to a 52-week low of $5.59. The 50-Day Moving Average of the stock is 4.95%, while the 200-Day Moving Average is calculated to be -8.73%.
Shares Statistics:
Over the past 3-months, ACDC traded about 869.81K shares per day on average, while over the past 10 days, ACDC traded about 683040 shares per day. A total of 159.40M shares are outstanding, with a floating share count of 12.73M. Insiders hold about 92.05% of the company’s shares, while institutions hold 8.07% stake in the company. Shares short for ACDC as of 1727654400 were 6948981 with a Short Ratio of 7.99, compared to 1724976000 on 6128547. Therefore, it implies a Short% of Shares Outstanding of 6948981 and a Short% of Float of 30.81.
