ProFrac Holding Corp (ACDC): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Oil & Gas Equipment & Services industry segment, falling under the Energy sector. The current market capitalization of ProFrac Holding Corp is $1.08B. A total of 1.41 million shares were traded on the day, compared to an average of 815.10K shares.

In the most recent transaction, THRC Holdings, LP bought 353,635 shares of ACDC for 6.17 per share on Sep 12 ’24. After the transaction, the 10% Owner now owns 79,197,549 company shares. In a previous transaction on Sep 10 ’24, THRC Holdings, LP bought 262,853 shares at 6.44 per share. ACDC shares that 10% Owner owns now total 78,843,915.

Among the insiders who bought shares, THRC Holdings, LP acquired of 2,154 shares on Sep 09 ’24 at a per-share price of $6.25. This resulted in the 10% Owner holding 78,581,062 shares of ACDC after the transaction. In another insider transaction, THRC Holdings, LP bought 216,043 shares at $6.21 per share on Sep 06 ’24. Company shares held by the 10% Owner now total 78,578,908.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ACDC has a high of $9.79 and a low of $5.16.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ACDC’s latest balance sheet shows that the firm has $5.40M in Cash & Short Term Investments as of fiscal 2021. There were $301.60M in debt and $246.70M in liabilities at the time. Its Book Value Per Share was $7.16, while its Total Shareholder’s Equity was $148.10M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACDC is Buy with a score of 3.17.

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