ProFrac Holding Corp (NASDAQ:ACDC) price closed higher on current market day and jumping 8.48% above its previous close.
A look at the daily price movement shows that the last close reads $8.73. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.49 and 52-week low of $3.83. The stock added 115.23% on its value in the past month.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned ACDC a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the ProFrac Holding Corp (ACDC) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ACDC’s price is at present 28.62% off the SMA20 and 58.79% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 75.89, with weekly volatility standing at 5.30%. The indicator jumps to 5.02% when calculated based on the past 30 days. ProFrac Holding Corp (NASDAQ:ACDC)’s beta value is holding at 1.76, while the average true range (ATR) indicator is currently reading 0.62. Considering analysts have assigned the stock a price target range of $6.5-$7 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6.75. Based on this estimate, we see that current price is roughly 31.36% off the estimated low and 26.08% off the forecast high. Investors will no doubt be excited to see the share price rise to $6.75, which is the median consensus price, and at that level ACDC would be 28.72% from current price.
Current records show that the company has 160.20M in outstanding shares. The insiders’ percentage holdings are 93.10% of outstanding shares while the percentage share held by institutions stands at 8.45%. But the 22.04% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
