What was ProFrac Holding Corp (ACDC)’s performance in the last session?

While ProFrac Holding Corp has underperformed by -1.21%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACDC fell by -66.91%, with highs and lows ranging from $23.99 to $6.46, whereas the simple moving average fell by -29.61% in the last 200 days.

On January 02, 2024, Seaport Research Partners Downgraded ProFrac Holding Corp (NASDAQ: ACDC) to Neutral.

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Analysis of ProFrac Holding Corp (ACDC)

Further, the quarter-over-quarter decrease in sales is -17.59%, showing a negative trend in the upcoming months.

One of the most important indicators of ProFrac Holding Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 16.11% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.58, 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.

For any stock, average volume can also provide valuable insight into volatility, and ACDC is recording 685.87K average volume. On a monthly basis, the volatility of the stock is set at 5.19%, whereas on a weekly basis, it is put at 5.14%, with a gain of 5.74% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.92, showing growth from the present price of $7.37, 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?

The Oil & Gas Equipment & Services market is dominated by ProFrac Holding Corp (ACDC) based in the USA. When comparing ProFrac Holding Corp shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.92, there is a growth in quarterly earnings of -165.78%.

Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 88.55%. 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 9.92% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in ACDC shares?

The recent increase in stakes in ACDC appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in ACDC has decreased by -7.64% in the first quarter. The company now owns 2,236,069 shares of the stock, with a value of $18.96 million, following the sale of -185,073 additional shares during the last quarter. Encompass Capital Advisors LLC made another decreased to its shares in ACDC during the first quarter, downing its stake by -46.80%. During the last quarter, the company dropped down -1,390,825 additional shares for a total stake of worth $13.41 million, bringing number of shares owned by the company to 1,581,164.

During the first quarter, BlackRock Fund Advisors subtracted a -189,703 position in ACDC. Fidelity Management & Research Co sold an additional 206.0 shares in the last quarter, decreasing its holdings by -0.02%, now holding 1.15 million shares worth $9.72 million. At the end of the first quarter, Schroder Investment Management No decreased its ACDC holdings by -20.63% and now holds 0.79 million ACDC shares valued at $6.67 million with the lessened -0.2 million shares during the period. ACDC shares are owned by institutional investors to the tune of 9.92% at present.

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