ThecoinrepublicStockACDC Stock Price Experiences Bearish Volatility This...








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ACDC Stock Price Experiences Bearish Volatility This Weekend


Profrac Holding Corp (NASDAQ: ACDC) stock price noted a small price drop this weekend while showing reverse performance in the last 5 days. Additionally, the stock price showed over 20% upsurge over the month which again opposes its last 6-months performance. As per this price analysis, the recent performance of stock was showing positive indications but more than 1-month of stock report showing bearish market report.

ACDC Stock Price Analysis

The stock price closed at $13.52 while showing 1.39% of price drop on June 16. This weekend, the stock opened at $13.83, noted high at $13.90 while the recent closing was its low yesterday’s low. However, ACDC stock price added $1.17 in the past 5 days with an over 9% increase, which further noted over 20% of price gain in the past month.

ACDC Stock Price Experiences Bearish Volatility This Weekend
Source: ACDC/USD by Tradingview

The recent month and week price performance of the stock may follow a bullish trend but its year-to-date (YTD) price graph shows a bearish trend. As shown in the above price chart, after the recent Q1 earnings and revenue reports, the stock recorded an increase in trading volume.

Mostly, the stock price shows bullish dominance which took the stock price to trade above its 50-day moving average. However, last week’s journey ended with bearish activity.

The upside graph as shown in the chart, further took the RSI of the stock to follow the overbought zone. But as the bears showed their dominance in the previous trading session, it will be quite tough for stock to continue its bullish price surge.

ACDC Stock Price Experiences Bearish Volatility This Weekend
Source: Price Target of ACDC Stock by Tradingview

Furthermore, the analysts are offering a one-year price target at $18.43 which shows more than 30% of price gain from the recent closing price of ACDC stock. The maximum estimate by the analysts is at $22.00 while the minimum estimate is at $12.00.

About Company’s Financial Updates

ProFrac Holding Corp., the industrial sand mining company, has a market cap of $2.14 Billion. The company’s revenue for the last year amounted to $2.43 Billion, most of which – around $2.35 Billion – came from its best performing source at the moment, Stimulation Services.

For the company’s recent Q1 2023 results, its earnings are $0.40 whereas the estimation was $0.80 which accounts for -50.10% surprise. Meanwhile, the revenue for the same period amounts to $851.70 Million despite the estimated figure of $893.04 Million. The estimated earnings for the next quarter are $0.64, and revenue is expected to reach $850.67 Million.


The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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