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The closing price of ProFrac Holding Corp (NASDAQ: ACDC) was $6.12 for the day, up 4.79% from the previous closing price of $5.84. In other words, the price has increased by $4.79 from its previous closing price. On the day, 1.36 million shares were traded. ACDC stock price reached its highest trading level at $6.235 during the session, while it also had its lowest trading level at $5.865.
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 40.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.62. 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.
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 Sep 10 ’24 when THRC Holdings, LP bought 262,853 shares for $6.44 per share. The transaction valued at 1,692,773 led to the insider holds 78,843,915 shares of the business.
THRC Holdings, LP bought 2,154 shares of ACDC for $13,462 on Sep 09 ’24. The 10% Owner now owns 78,581,062 shares after completing the transaction at $6.25 per share. On Sep 06 ’24, another insider, THRC Holdings, LP, who serves as the 10% Owner of the company, bought 216,043 shares for $6.21 each. As a result, the insider paid 1,341,627 and bolstered with 78,578,908 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 980099648 and an Enterprise Value of 2344156160. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 1.054 whereas that against EBITDA is 4.335.
Stock Price History:
Over the past 52 weeks, ACDC has reached a high of $11.94, while it has fallen to a 52-week low of $5.59. The 50-Day Moving Average of the stock is -14.41%, while the 200-Day Moving Average is calculated to be -21.60%.
Shares Statistics:
ACDC traded an average of 849.41K shares per day over the past three months and 1042010 shares per day over the past ten days. A total of 159.40M shares are outstanding, with a floating share count of 13.36M. Insiders hold about 91.66% of the company’s shares, while institutions hold 8.09% stake in the company. Shares short for ACDC as of 1723680000 were 5369506 with a Short Ratio of 7.22, compared to 1721001600 on 5429998. Therefore, it implies a Short% of Shares Outstanding of 5369506 and a Short% of Float of 23.809999.