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The closing price of ProFrac Holding Corp (NASDAQ: ACDC) was $8.27 for the day, up 6.57% from the previous closing price of $7.76. In other words, the price has increased by $6.57 from its previous closing price. On the day, 0.51 million shares were traded. ACDC stock price reached its highest trading level at $8.51 during the session, while it also had its lowest trading level at $7.945.
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 51.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.20. 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.
On October 17, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $7 to $6.50.
Stifel Downgraded its Buy to Hold on October 11, 2024, while the target price for the stock was maintained at $7.
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 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 1324415872 and an Enterprise Value of 2732912384. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 1.228 whereas that against EBITDA is 5.303.
Stock Price History:
Over the past 52 weeks, ACDC has reached a high of $9.75, while it has fallen to a 52-week low of $5.16. The 50-Day Moving Average of the stock is 14.11%, while the 200-Day Moving Average is calculated to be 9.92%.
Shares Statistics:
ACDC traded an average of 573.05K shares per day over the past three months and 357780 shares per day over the past ten days. A total of 160.20M shares are outstanding, with a floating share count of 13.05M. Insiders hold about 91.85% of the company’s shares, while institutions hold 7.73% stake in the company. Shares short for ACDC as of 1734048000 were 5185354 with a Short Ratio of 9.05, compared to 1731628800 on 5893547. Therefore, it implies a Short% of Shares Outstanding of 5185354 and a Short% of Float of 22.99.
