ProFrac Holding Corp (NASDAQ:ACDC) currently has a daily average trading volume of 831.69K but it saw 1590801 shares traded in last market. With a market cap of 935.28M USD, the company’s current market price of $5.84 came falling about -12.71 while comparing to the previous closing price of $6.69. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.94 and as low as $5.59. In the recent trading on the day, stock has struck highest price mark of $5.76 while lowest mark touched by it was $6.79.
Taking a look at 20-day trading activity of ProFrac Holding Corp (ACDC) gives us an average price of $6.47, while its current price level is -51.09% below from 52-week high level whereas it is 4.47% 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 $7.15 while that of 200 days or SMA-200 reads an average of $7.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.08% during that period while stretching the period over a month that decreases to 6.25%. 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 38.61 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 -5.19% down while it is -2.34% when we observe its performance for the past one month. Year-to-date it is -31.13% down and over the past year, the stock is showing a downside performance of -46.91%.
Currently, ProFrac Holding Corp’s total number of outstanding shares is 159.40M. Company’s return on investment (ROI) stands at -8.57% and return on equity (ROE) at -15.06%. It has a 16.69 of forward P/E ratio. Stock’s beta reads 0.80. Stock has a price to book (P/B) ratio of 0.82 while price to sale or P/S ratio amounts to 0.42. Its return on asset (ROA) is -5.66% on average.
