The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, ProFrac Holding Corp (NASDAQ: ACDC) closed at $7.27 down -4.34% from its previous closing price of $7.60. In other words, the price has decreased by -$4.34 from its previous closing price. On the day, 0.71 million shares were traded. ACDC stock price reached its highest trading level at $7.64 during the session, while it also had its lowest trading level at $7.1775.
Ratios:
For a deeper understanding of ProFrac Holding Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 45.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.72. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1164268800 and an Enterprise Value of 2572765696. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 1.156 whereas that against EBITDA is 4.992.
Stock Price History:
The Beta on a monthly basis for ACDC is 1.20, which has changed by 0.0536232 over the last 52 weeks, in comparison to a change of 0.22208416 over the same period for the S&P500. 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 -8.19%, while the 200-Day Moving Average is calculated to be -3.01%.
Shares Statistics:
For the past three months, ACDC has traded an average of 506.35K shares per day and 441700 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 7.83% stake in the company. Shares short for ACDC as of 1736899200 were 4738626 with a Short Ratio of 9.36, compared to 1734048000 on 5185354. Therefore, it implies a Short% of Shares Outstanding of 4738626 and a Short% of Float of 21.01.
