ProPetro Holding Corp (NYSE:PUMP) shares, rose in value on Thursday, November 21, with the stock price up by 5.25% to the previous day’s close as strong demand from buyers drove the stock to $8.22.
Actively observing the price movement in the last trading, the stock closed the session at $7.81, falling within a range of $7.84 and $8.3. The value of beta (5-year monthly) was 2.052. Referring to stock’s 52-week performance, its high was $10.02, and the low was $6.53. On the whole, PUMP has fluctuated by 7.87% over the past month.
With the market capitalization of ProPetro Holding Corp currently standing at about $846.08 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.45B, with a low estimate of 315.8M and a high estimate of 325M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 322.34M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PUMP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of PUMP currently trading nearly 7.49% and 4.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.06, while the 7-day volatility ratio is showing 4.22% which for the 30-day chart, stands at 5.00%. Furthermore, ProPetro Holding Corp (PUMP)’s beta value is 2.05, and its average true range (ATR) is 0.38.
A comparison of ProPetro Holding Corp (PUMP) with its peers suggests the former has fared considerably weaker in the market. PUMP showed an intraday change of 5.25% in last session, and over the past year, it shrunk by -10.36%%.
Data on historical trading for ProPetro Holding Corp (NYSE:PUMP) indicates that the trading volumes over the past 10 days have averaged 1.22 and over the past 3 months, they’ve averaged 1.23 million. According to company’s latest data on outstanding shares, there are 109.48 million shares outstanding.
Nearly 23.31% of ProPetro Holding Corp’s shares belong to company insiders and institutional investors own 85.92% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.22 million shares as on 2024-10-31, resulting in a short ratio of 10.07. According to the data, the short interest in ProPetro Holding Corp (PUMP) stood at 1680.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 9.91 million. The stock has fallen by -1.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PUMP stock heading into the next quarter.
