ProFrac (NASDAQ:ACDC) Trading Down 4.1% - Time to Sell?

Shares of ProFrac Holding Corp. (NASDAQ:ACDC - Get Free Report) were down 4.1% on Wednesday . The stock traded as low as $3.86 and last traded at $3.8550. Approximately 288,257 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 1,074,231 shares. The stock had previously closed at $4.02.Wall Street Analysts Forecast Growth3 Mid-Caps Below $20 That Wall Street LovesSeveral equities research analysts recently commented on ACDC shares. Piper Sandler reduced their price objective on ProFrac from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday, October 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of ProFrac in a research note on Monday. Morgan Stanley set a $3.50 price objective on shares of ProFrac in a report on Monday, December 15th. Finally, Zacks Research downgraded shares of ProFrac from a "hold" rating to a "strong sell" rating in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Strong Sell" and an average target price of $5.25.Check Out Our Latest Stock Report on ACDCProFrac Stock Down 4.1%The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 0.96. The stock has a market cap of $697.25 million, a P/E ratio of -1.89 and a beta of 1.71. The company's 50 day moving average price is $4.12 and its two-hundred day moving average price is $5.11. ProFrac (NASDAQ:ACDC - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.43) by ($0.17). The business had revenue of $403.10 million for the quarter, compared to analysts' expectations of $412.00 million. ProFrac had a negative net margin of 16.86% and a negative return on equity of 32.01%. Equities analysts forecast that ProFrac Holding Corp. will post -0.5 earnings per share for the current year. Hedge Funds Weigh In On ProFracInstitutional investors and hedge funds have recently bought and sold shares of the stock. First Financial Bankshares Inc increased its position in ProFrac by 30.1% in the third quarter. First Financial Bankshares Inc now owns 4,204,795 shares of the company's stock worth $15,558,000 after buying an additional 973,062 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of ProFrac by 27.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,484,760 shares of the company's stock valued at $5,494,000 after acquiring an additional 322,860 shares during the period. Bridgeway Capital Management LLC increased its holdings in ProFrac by 2.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 1,199,562 shares of the company's stock worth $9,309,000 after acquiring an additional 32,382 shares in the last quarter. UBS Group AG increased its holdings in ProFrac by 1,862.8% in the 3rd quarter. UBS Group AG now owns 705,568 shares of the company's stock worth $2,611,000 after acquiring an additional 669,621 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in ProFrac during the 3rd quarter worth approximately $2,377,000. 12.75% of the stock is currently owned by hedge funds and other institutional investors. ProFrac Company Profile (Get Free Report)ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.Featured ArticlesFive stocks we like better than ProFracDo not delete, read immediatelyThe Crash Has Already Started (Most Just Don’t See It Yet)ALERT: Drop these 5 stocks before January 2026![No Brainer Gold Play]: “Show me a better investment.”INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ProFrac Right Now?Before you consider ProFrac, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProFrac wasn't on the list.While ProFrac currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here