ACDC Stock Summary and Trading Ideas (Profrac Holding Corp. - Class A | NASDAQ:ACDC)

ProFrac Holding Corp 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 of North American unconventional oil and natural gas resources. Its operations are focused in West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and Appalachian. The company operates in three segments: stimulation services, manufacturing, and proppant production. Stimulation services, which generate the majority of the revenue for the company operate a fleet of mobile hydraulic fracturing units and other auxiliary equipment that generates revenue by providing stimulation services.

Profrac Holding Corp. - Class A trades on the NASDAQ stock market under the symbol ACDC.

As of January 29, 2025, ACDC stock price declined to $7.52 with 245,089 million shares trading.

ACDC has a beta of 1.85, meaning it tends to be more sensitive to market movements. ACDC has a correlation of 0.11 to the broad based SPY ETF.

ACDC has a market cap of $1.20 billion. This is considered a Small Cap stock.

Last quarter Profrac Holding Corp. - Class A reported $575 million in Revenue and -$.29 earnings per share. This beat revenue expectation by $15 million and missed earnings estimates by -$.16.

The top ETF exchange traded funds that ACDC belongs to (by Net Assets): VTI, BSVO, IWM, AVUV, VB.

ACDC has underperformed the market in the last year with a price return of -2.7% while the SPY ETF gained +24.9%. However, in the short term, ACDC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +27.2% vs +4.0% return in SPY. But in the last 2 weeks, ACDC shares have been beat by the market, returning -11.8% compared to an SPY return of +3.4%.

ACDC support price is $7.25 and resistance is $7.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACDC shares will trade within this expected range on the day.