On Tuesday, ProFrac Holding Corp (NASDAQ: ACDC) opened lower -4.09% from the last session, before settling in for the closing price of $6.85. Price fluctuations for ACDC have ranged from $5.59 to $11.94 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 76.46%. Company’s average yearly earnings per share was noted 41.22% at the time writing. With a float of $14.35 million, this company’s outstanding shares have now reached $159.40 million.
Considering the fact that the conglomerate employs 2949 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 14.86%, operating margin of 4.16%, and the pretax margin is -9.69%.
ProFrac Holding Corp (ACDC) Insider Activity
A key investor’s attitude towards the stock of the Oil & Gas Equipment & Services industry is another important factor to consider. The insider ownership of ProFrac Holding Corp is 91.04%, while institutional ownership is 8.09%. The most recent insider transaction that took place on Aug 28 ’24, was worth 463,759. In this transaction 10% Owner of this company bought 69,425 shares at a rate of $6.68, taking the stock ownership to the 77,405,220 shares. Before that another transaction happened on Aug 27 ’24, when Company’s 10% Owner bought 31,784 for $6.69, making the entire transaction worth $212,635. This insider now owns 77,335,795 shares in total.
ProFrac Holding Corp (ACDC) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.45 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.22) by 0.23. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 41.22% per share during the next fiscal year.
ProFrac Holding Corp (NASDAQ: ACDC) Trading Performance Indicators
Check out the current performance indicators for ProFrac Holding Corp (ACDC). In the past quarter, the stock posted a quick ratio of 0.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.47. Likewise, its price to free cash flow for the trailing twelve months is 7.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.25, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach 0.35 in one year’s time.
Technical Analysis of ProFrac Holding Corp (ACDC)
Compared to the last year’s volume of 0.92 million, its volume of 0.73 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 75.15%. Additionally, its Average True Range was 0.46.
During the past 100 days, ProFrac Holding Corp’s (ACDC) raw stochastic average was set at 23.56%, which indicates a significant decrease from 58.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.41% in the past 14 days, which was lower than the 74.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.28, while its 200-day Moving Average is $7.87. Nevertheless, the first resistance level for the watch stands at $6.73 in the near term. At $6.89, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.08. If the price goes on to break the first support level at $6.37, it is likely to go to the next support level at $6.18. Should the price break the second support level, the third support level stands at $6.02.
ProFrac Holding Corp (NASDAQ: ACDC) Key Stats
There are currently 159,936K shares outstanding in the company with a market cap of 1.05 billion. Presently, the company’s annual sales total 2,630 M according to its annual income of -97,700 K. Last quarter, the company’s sales amounted to 579,400 K and its income totaled -66,700 K.
