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ProFrac Holding Corp. (ACDC): Major Improvements, Worth A Look

ProFrac Holding Corp. (NASDAQ:ACDC) concluded the trading at $24.81 on Wednesday, November 23 with a fall of -3.54% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $25.72 with its price kept floating in the range of $23.78 and $25.68 on the day. Company’s P/E ratio for the trailing 12 months is 61.26. Considering stock’s 52-week price range provides that ACDC hit a high price of $27.00 and saw its price falling to a low level of $13.18 during that period. Over a period of past 1-month, stock came adding 20.91% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement.

Digging deeper we become aware of the PEG ratio of the ACDC stock which is currently positioned at 0. It further provides that stock’s current price level is 4.70% away from its 20-day simple moving average and is 22.54% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 59.83 while volatility remained at 5.94% over the past week which changes to 6.49% when measuring it over the past month. Average true range or ATR is currently at 1.47.

Having a second look at ProFrac Holding Corp. (NASDAQ:ACDC) provides that stock’s average daily trading volume for 3 months was 414.72K, while it jumped to 0.56 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 142.37 million.

The percentage of outstanding shares held by the insiders is 2.50% while it is 30.60% for the institutional holders. Addition of 37.00% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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