ProFrac (ACDC) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProFrac in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ACDC shares.
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4 brokers have issued 1 year price targets for ProFrac's shares. Their ACDC share price forecasts range from $15.00 to $35.00. On average, they expect the company's share price to reach $22.50 in the next year. This suggests a possible upside of 112.3% from the stock's current price.
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ProFrac's stock was trading at $25.20 at the start of the year. Since then, ACDC stock has decreased by 57.9% and is now trading at $10.60.
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ProFrac saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,240,000 shares, a decline of 5.5% from the August 15th total of 3,430,000 shares. Based on an average trading volume of 593,400 shares, the short-interest ratio is presently 5.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our ACDC earnings forecast.

ProFrac Holding Corp. (NASDAQ:ACDC) released its quarterly earnings data on Thursday, August, 10th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.09. The company had revenue of $709.20 million for the quarter, compared to analyst estimates of $749.97 million. ProFrac had a net margin of 3.44% and a negative trailing twelve-month return on equity of 202.01%.

ETFs with the largest weight of ProFrac (NASDAQ:ACDC) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES).iShares U.S. Oil Equipment & Services ETF (IEZ).

ProFrac trades on the NASDAQ under the ticker symbol "ACDC."

ProFrac's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Encompass Capital Advisors LLC (1.87%), BlackRock Inc. (1.17%), Schroder Investment Management Group (0.62%), State Street Corp (0.55%), Geode Capital Management LLC (0.42%) and Renaissance Technologies LLC (0.26%). Insiders that own company stock include Gerald W Haddock, Holdings Lp Thrc, Johnathan Ladd Wilks and Matthew Wilks.
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Shares of ACDC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ACDC stock can currently be purchased for approximately $10.60.

ProFrac (NASDAQ:ACDC) has a market capitalization of $1.69 billion and generates $2.43 billion in revenue each year. The company earns $91.50 million in net income (profit) each year or $2.29 on an earnings per share basis.

The company employs 3,664 workers across the globe.

ProFrac's mailing address is 333 SHOPS BOULEVARD SUITE 301, WILLOW PARK TX, 76087. The official website for the company is www.profrac.com. The company can be reached via phone at 254-776-3722 or via email at investors@profrac.com.