In yesterday’s Wall Street session, ProFrac Holding Corp. (NASDAQ:ACDC) shares traded at $22.27, up 1.92% from the previous session.
As of this writing, 7 analysts cover ProFrac Holding Corp. (NASDAQ:ACDC). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $39.00 and a low of $25.00, we find $32.00. Given the previous closing price of $21.85, this indicates a potential upside of 46.45 percent. ACDC stock price is now -5.27% away from the 50-day moving average and 10.48% away from the 200-day moving average. The market capitalization of the company currently stands at $3.39B.
There are 1 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $32.71 as their price target over the next twelve months.
A total of 2.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ACDC stock. A new stake in ProFrac Holding Corp. shares was purchased by SCHRODER INVESTMENT MANAGEMENT GROUP during the first quarter worth $19,246,000. WELLINGTON MANAGEMENT GROUP LLP invested $11,335,000 in shares of ACDC during the first quarter. In the first quarter, YAKIRA CAPITAL MANAGEMENT, INC. acquired a new stake in ProFrac Holding Corp. valued at approximately $1,309,000. DOHENY ASSET MANAGEMENT /CA acquired a new stake in ACDC for approximately $1,228,000. GOLDMAN SACHS GROUP INC purchased a new stake in ACDC valued at around $1,020,000 in the second quarter.
Friday morning saw ProFrac Holding Corp. (NASDAQ: ACDC) opened at $22.18. During the past 12 months, ProFrac Holding Corp. has had a low of $13.18 and a high of $27.00. The fifty day moving average price for ACDC is $23.46 and a two-hundred day moving average price translates $20.17 for the stock.
The net profit margin was 3.10% and return on equity was -12.20% for ACDC. The company reported revenue of $696.73 million for the quarter, compared to $195.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 255.6 percent.