ProPetro Holding Corp (NYSE: PUMP) – Time For Strategy Change?

ProPetro Holding Corp (NYSE:PUMP) currently has a daily average trading volume of 1.56M but it saw 2646428 shares traded in last market. With a market cap of 1.03B USD, the company’s current market price of $9.59 came rising about 7.63 while comparing to the previous closing price of $8.91. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.37 and as low as $6.99.

Taking a look at 20-day trading activity of ProPetro Holding Corp (PUMP) gives us an average price of $8.57, while its current price level is -15.66% below from 52-week high level whereas it is 37.19% 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 $8.81 while that of 200 days or SMA-200 reads an average of $8.66. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.31% during that period while stretching the period over a month that decreases to 3.82%. 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 65.31 which implies that the stock is in neutral territory.

Over the week, PUMP’s stock price is moving 16.38% up while it is 13.63% when we observe its performance for the past one month. Year-to-date it is 14.44% up and over the past year, the stock is showing a downside performance of -8.14%.

Currently, ProPetro Holding Corp’s total number of outstanding shares is 109.48M. Company’s return on investment (ROI) stands at 6.82% and return on equity (ROE) at 7.76%. It has a price to earnings ratio (P/E ratio) of 14.15 while having a 14.79 of forward P/E ratio. Stock’s beta reads 2.11. Stock has a price to book (P/B) ratio of 1.03 while price to sale or P/S ratio amounts to 0.64. Its return on asset (ROA) is 5.25% on average.