Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Profrac Holding Corp before investing.

In this article, we go over a few key elements for understanding Profrac Holding Corp’s stock price such as:

• Profrac Holding Corp’s current stock price and volume
• Why Profrac Holding Corp’s stock price changed recently
• Upgrades and downgrades for ACDC from analysts
• ACDC’s stock price momentum as measured by its relative strength

About Profrac Holding Corp (ACDC)

Before we jump into Profrac Holding Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

ProFrac Holding Corp. is a vertically integrated energy services company. The Company is engaged in providing hydraulic fracturing, completion services and other complementary products and services to upstream oil and gas companies engaged in the exploration and production (E&P;) of North American unconventional oil and natural gas resources. It provides in-basin sand in North America. Its four mines produces approximately 10.4 million tons per year of proppant. Its solutions to the North American Oil and Gas industry include project design and manufacturing, sand and chemical supply, logistics coordination and data reporting, automation technology, emissions reduction, and additive manufacturing. The Company also provides pressure pumping services with operations in the Rockies and Eagle Ford. It operates frac fleets totaling 204,500 hydraulic horsepower that offer opportunity for upgrades through the additions of dynamic gas blending (DGB) engines and engine idle reduction systems.

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Profrac Holding Corp’s Stock Price as of Market Close

As of November 09, 2023, 4:00 PM, CST, Profrac Holding Corp’s stock price was $7.95.

Profrac Holding Corp is down 5.24% from its previous closing price of $8.39.

During the last market session, Profrac Holding Corp’s stock traded between $8.18 and $8.55. Currently, there are 148.80 million shares of Profrac Holding Corp stock available for purchase.

Profrac Holding Corp’s price-earnings (P/E) ratio is currently at 3.8, which is low compared to the Oil & Gas - Related Services and Equipment industry median of 15.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Profrac Holding Corp Stock Price History

Profrac Holding Corp’s (ACDC) price is currently down 15.61% so far this month.

During the month of November, Profrac Holding Corp’s stock price has reached a high of $10.14 and a low of $7.81.

Over the last year, Profrac Holding Corp has hit prices as high as $27.00 and as low as $8.18.

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What Caused Profrac Holding Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 08, 2023, there were 2 analysts who downgraded Profrac Holding Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Profrac Holding Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Profrac Holding Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Profrac Holding Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Profrac Holding Corp (ACDC) by visiting AAII Stock Evaluator.

Relative Price Strength of Profrac Holding Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 08, 2023, Profrac Holding Corp has a weighted four-quarter relative price strength of -24.48%, which translates to a Momentum Score of 15 and is considered to be Very Weak.

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Profrac Holding Corp Stock Price: Bottom Line

As of November 9, 2023, Profrac Holding Corp’s stock price is $7.95, which is down 5.24% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Profrac Holding Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.