Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of ProFrac Holding Corp (NASDAQ: ACDC) was $8.01 for the day, down -2.67% from the previous closing price of $8.23. In other words, the price has decreased by -$2.67 from its previous closing price. On the day, 0.56 million shares were traded. ACDC stock price reached its highest trading level at $8.36 during the session, while it also had its lowest trading level at $8.01.
Ratios:
Our analysis of ACDC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 50.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.46. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.98. In the meantime, Its Debt-to-Equity ratio is 0.91 whereas as Long-Term Debt/Eq ratio is at 0.80.
On October 17, 2023, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $18 to $14.
JP Morgan Downgraded its Overweight to Neutral on May 11, 2023, while the target price for the stock was maintained at $15.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 10 ’23 when THRC Holdings, LP bought 630,496 shares for $9.63 per share. The transaction valued at 6,071,676 led to the insider holds 72,870,545 shares of the business.
Wilks Farris bought 3,409 shares of ACDC for $31,516 on Oct 27 ’23. The 10% Owner now owns 981,187 shares after completing the transaction at $9.24 per share. On Oct 17 ’23, another insider, THRC Holdings, LP, who serves as the 10% Owner of the company, bought 603,478 shares for $9.09 each. As a result, the insider paid 5,485,615 and bolstered with 72,240,049 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 1313463808 and an Enterprise Value of 2531249408. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 0.962 whereas that against EBITDA is 3.857.
Stock Price History:
The Beta on a monthly basis for ACDC is 0.69, which has changed by -0.21777344 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, ACDC has reached a high of $14.32, while it has fallen to a 52-week low of $6.46. The 50-Day Moving Average of the stock is -1.10%, while the 200-Day Moving Average is calculated to be -12.62%.
Shares Statistics:
ACDC traded an average of 943.40K shares per day over the past three months and 941250 shares per day over the past ten days. A total of 159.40M shares are outstanding, with a floating share count of 18.27M. Insiders hold about 88.55% of the company’s shares, while institutions hold 10.70% stake in the company. Shares short for ACDC as of 1713139200 were 5307594 with a Short Ratio of 5.63, compared to 1710460800 on 6096405. Therefore, it implies a Short% of Shares Outstanding of 5307594 and a Short% of Float of 24.129998999999998.
Earnings Estimates
Current recommendations for the stock of the company come from 6.0 analysts. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.07 and a low estimate of -$0.03, while EPS last year was $0.93. The consensus estimate for the next quarter is $0.21, with high estimates of $0.33 and low estimates of $0.14.
Analysts are recommending an EPS of between $1.1 and $0.54 for the fiscal current year, implying an average EPS of $0.87. EPS for the following year is $1.63, with 6.0 analysts recommending between $1.84 and $1.34.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $611.8M to a low estimate of $568M. As of the current estimate, ProFrac Holding Corp’s year-ago sales were $893.04MFor the next quarter, 5 analysts are estimating revenue of $677.46M. There is a high estimate of $713M for the next quarter, whereas the lowest estimate is $618M.
A total of 6 analysts have provided revenue estimates for ACDC’s current fiscal year. The highest revenue estimate was $2.89B, while the lowest revenue estimate was $2.47B, resulting in an average revenue estimate of $2.66B. In the same quarter a year ago, actual revenue was $2.63BBased on 6 analysts’ estimates, the company’s revenue will be $2.94B in the next fiscal year. The high estimate is $3.35B and the low estimate is $2.77B.
