The price of ProFrac Holding Corp (NASDAQ: ACDC) closed at $8.26 in the last session, up 3.25% from day before closing price of $8.00. In other words, the price has increased by $+0.26 from its previous closing price. On the day, 1668547 shares were traded.
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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 52.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.60. 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:
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 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 1.32B and an Enterprise Value of 2.46B. 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 1.09. Its current Enterprise Value per Revenue stands at 0.93 whereas that against EBITDA is 4.59.
Stock Price History:
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 7.67, while the 200-Day Moving Average is calculated to be 9.57.
Shares Statistics:
According to the various share statistics, ACDC traded on average about 845.00K shares per day over the past 3-months and 1.16M shares per day over the past 10 days. A total of 159.40M shares are outstanding, with a floating share count of 18.25M. Insiders hold about 88.55% of the company’s shares, while institutions hold 10.71% stake in the company. Shares short for ACDC as of Feb 29, 2024 were 5.37M with a Short Ratio of 7.21, compared to 5.1M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.37% and a Short% of Float of 20.61%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.15 and a low estimate of -$0.03, while EPS last year was $0.93. The consensus estimate for the next quarter is $0.24, with high estimates of $0.33 and low estimates of $0.14.
Analysts are recommending an EPS of between $1.43 and $0.54 for the fiscal current year, implying an average EPS of $0.94. EPS for the following year is $1.63, with 4 analysts recommending between $1.94 and $1.34.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $590.37M. It ranges from a high estimate of $611.8M to a low estimate of $576M. As of the current estimate, ProFrac Holding Corp’s year-ago sales were $893.04M, an estimated decrease of -33.90% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $697.83M, a decrease of -1.60% over than the figure of -$33.90% in the same quarter last year. There is a high estimate of $713M for the next quarter, whereas the lowest estimate is $670.5M.
A total of 4 analysts have provided revenue estimates for ACDC’s current fiscal year. The highest revenue estimate was $2.89B, while the lowest revenue estimate was $2.61B, resulting in an average revenue estimate of $2.73B. In the same quarter a year ago, actual revenue was $2.63B, up 3.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $2.97B in the next fiscal year. The high estimate is $3.35B and the low estimate is $2.82B. The average revenue growth estimate for next year is up 9.10% from the average revenue estimate for this year.
