Upward Trajectory: ProFrac Holding Corp (ACDC) Posts a Slidee, Closing at 6.16

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The closing price of ProFrac Holding Corp (NASDAQ: ACDC) was $6.16 for the day, down -6.24% from the previous closing price of $6.57. In other words, the price has decreased by -$6.24 from its previous closing price. On the day, 0.7 million shares were traded. ACDC stock price reached its highest trading level at $6.645 during the session, while it also had its lowest trading level at $6.115.

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 41.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.67. 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 03 ’24 when THRC Holdings, LP bought 786,193 shares for $6.49 per share. The transaction valued at 5,102,393 led to the insider holds 78,197,549 shares of the business.

THRC Holdings, LP bought 6,136 shares of ACDC for $42,891 on Aug 30 ’24. The 10% Owner now owns 77,411,356 shares after completing the transaction at $6.99 per share. On Aug 28 ’24, another insider, THRC Holdings, LP, who serves as the 10% Owner of the company, bought 69,425 shares for $6.68 each. As a result, the insider paid 463,759 and bolstered with 77,405,220 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 986505536 and an Enterprise Value of 2461063168. 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 0.86. Its current Enterprise Value per Revenue stands at 1.106 whereas that against EBITDA is 4.552.

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 -15.37%, while the 200-Day Moving Average is calculated to be -21.71%.

Shares Statistics:

ACDC traded an average of 802.54K shares per day over the past three months and 851160 shares per day over the past ten days. A total of 159.40M shares are outstanding, with a floating share count of 14.35M. Insiders hold about 91.04% 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 6.69, compared to 1721001600 on 5429998. Therefore, it implies a Short% of Shares Outstanding of 5369506 and a Short% of Float of 23.809999.

Earnings Estimates

The current assessment of ProFrac Holding Corp (ACDC) involves the perspectives of 6.0 analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is -$0.06, with high estimates of $0.09 and low estimates of -$0.16.

Analysts are recommending an EPS of between $0.17 and -$0.59 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is $0.35, with 4.0 analysts recommending between $0.77 and -$0.14.

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 $679M to a low estimate of $589M. As of the current estimate, ProFrac Holding Corp’s year-ago sales were $709.2MFor the next quarter, 5 analysts are estimating revenue of $613.97M. There is a high estimate of $694.15M for the next quarter, whereas the lowest estimate is $533.8M.

A total of 3 analysts have provided revenue estimates for ACDC’s current fiscal year. The highest revenue estimate was $2.57B, while the lowest revenue estimate was $2.17B, resulting in an average revenue estimate of $2.36B. In the same quarter a year ago, actual revenue was $2.63BBased on 3 analysts’ estimates, the company’s revenue will be $2.67B in the next fiscal year. The high estimate is $2.93B and the low estimate is $2.37B.

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