Stocks of ProFrac Holding Corp. (NASDAQ:ACDC) traded higher last session on Wall Street, up 4.84% to $15.17.
According to the data, ProFrac Holding Corp. (NASDAQ:ACDC) has 6 analysts covering its stock. 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 $14.47, this indicates a potential upside of 121.15 percent. ACDC stock price is now -28.07% away from the 50-day moving average and -25.40% away from the 200-day moving average. The market capitalization of the company currently stands at $2.52B.
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A total of 1 analysts have issued a hold rating and 5 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.
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In other news, ProFrac Holding Corp., 10% Owner bought 1,500,000 shares of the company’s stock on Dec 28. The stock was bought for $1,740,000 at an average price of $1.16. Upon completion of the transaction, the 10% Owner now directly owns 1,500,000 shares in the company, valued at $22.75 million. 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 INVESCO LTD. during the first quarter worth $3,514,000. D. E. SHAW & CO., INC. invested $2,076,000 in shares of ACDC during the first quarter. In the first quarter, BANK OF MONTREAL /CAN/ acquired a new stake in ProFrac Holding Corp. valued at approximately $1,785,000. QUADRATURE CAPITAL LTD acquired a new stake in ACDC for approximately $1,564,000. BOSTON PARTNERS purchased a new stake in ACDC valued at around $1,208,000 in the second quarter. In total, there are 127 active investors with 30.70% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $14.16 for ProFrac Holding Corp. (NASDAQ: ACDC). 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 $21.09 and a two-hundred day moving average price translates $20.33 for the stock.
The latest earnings results from ProFrac Holding Corp. (NASDAQ: ACDC) was released for Sep, 2022. 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. For the current quarter, analysts expect ACDC to generate $799.08M in revenue.
ProFrac Holding Corp.(ACDC) Company Profile
ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, seats, and fluid ends. ProFrac Holding Corp. was founded in 2016 and is headquartered in Willow Park, Texas.
