ProFrac Holding Corp (NASDAQ:ACDC) currently has a daily average trading volume of 907.22K but it saw 1343333 shares traded in last market. With a market cap of 1.33B USD, the company’s current market price of $8.31 came rising about 13.99 while comparing to the previous closing price of $7.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.23 and as low as $6.46.
Taking a look at 20-day trading activity of ProFrac Holding Corp (ACDC) gives us an average price of $7.69, while its current price level is -41.60% below from 52-week high level whereas it is 28.64% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.24 while that of 200 days or SMA-200 reads an average of $8.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.53% during that period while stretching the period over a month that decreases to 5.90%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 56.26 which implies that the stock is in neutral territory.
Morgan Stanley downgraded its recommendation for the stock as a “Equal-Weight” from “Overweight” on October 17, 2023 while assigning a price target range of $18-$14. JP Morgan also issued its recommendations for the stock as it downgraded the price target for the stock is $15.
Over the week, ACDC’s stock price is moving 1.84% up while it is 12.45% when we observe its performance for the past one month. Year-to-date it is -2.00% down and over the past year, the stock is showing a downside performance of -35.33%.
Currently, ProFrac Holding Corp’s total number of outstanding shares is 159.40M. Company’s return on investment (ROI) stands at -5.98% and return on equity (ROE) at -17.73%. It has a 7.51 of forward P/E ratio. Stock’s beta reads 0.86. Stock has a price to book (P/B) ratio of 1.09 while price to sale or P/S ratio amounts to 0.56. Its return on asset (ROA) is -3.72% on average.
