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ProFrac Holding Corp. Reports 2023 Full Year and Fourth Quarter Financial and Operational Results
PRNewswire (Wed, 13-Mar 6:00 AM ET)
PRNewswire (Wed, 21-Feb 4:15 PM ET)
PRNewswire (Thu, 15-Feb 8:00 AM ET)
ProFrac Holding Corp. Announces Its 2024 Operational and Strategic Priorities
PRNewswire (Mon, 12-Feb 9:29 AM ET)
PRNewswire (Mon, 22-Jan 10:51 AM ET)
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 March 28, 2024, ACDC stock price climbed to $8.44 with 741,085 million shares trading.
ACDC has a beta of 1.09, meaning it tends to be more sensitive to market movements. ACDC has a correlation of 0.05 to the broad based SPY ETF.
ACDC has a market cap of $1.35 billion. This is considered a Small Cap stock.
Last quarter Profrac Holding Corp. - Class A reported $489 million in Revenue and -$.60 earnings per share. This fell short of revenue expectation by $-106 million and missed earnings estimates by -$.62.
The top ETF exchange traded funds that ACDC belongs to (by Net Assets): IWM, VTI, VB, VBR, VXF.
ACDC has underperformed the market in the last year with a return of -28.8%, while the SPY ETF gained +33.7%. In the last 3 month period, ACDC fell short of the market, returning -0.8%, while SPY returned +10.2%. However, in the most recent 2 weeks ACDC has outperformed the stock market by returning +14.5%, while SPY returned +1.8%.
ACDC support price is $7.93 and resistance is $8.59 (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 stock will trade within this expected range on the day.