While ProFrac Holding Corp has underperformed by -0.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACDC rose by 15.95%, with highs and lows ranging from $9.75 to $5.16, whereas the simple moving average jumped by 15.02% in the last 200 days.
On December 06, 2024, JP Morgan Downgraded ProFrac Holding Corp (NASDAQ: ACDC) to Underweight. A report published by Morgan Stanley on October 17, 2024, Downgraded its rating to ‘Underweight’ for ACDC. Stifel also Downgraded ACDC shares as ‘Hold’, setting a target price of $7 on the company’s shares in a report dated October 11, 2024. Morgan Stanley October 17, 2023d its ‘Overweight’ rating to ‘Equal-Weight’ for ACDC, as published in its report on October 17, 2023. JP Morgan’s report from May 11, 2023 suggests a price prediction of $15 for ACDC shares, giving the stock a ‘Neutral’ rating.
Analysis of ProFrac Holding Corp (ACDC)
Further, the quarter-over-quarter increase in sales is 0.19%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of ProFrac Holding Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -16.83% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.62, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ACDC is recording an average volume of 525.87K. On a monthly basis, the volatility of the stock is set at 6.09%, whereas on a weekly basis, it is put at 6.22%, with a loss of -3.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.20, showing decline from the present price of $8.65, which can serve as yet another indication of whether ACDC is worth investing in or should be passed over.
How Do You Analyze ProFrac Holding Corp Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 91.85%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 7.75% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ACDC shares are owned by institutional investors to the tune of 7.75% at present.
