ProFrac (NASDAQ:ACDC) Shares Cross Above Fifty Day Moving Average – Here’s Why

Posted by Brian Himes on Oct 30th, 2026

ProFrac Holding Corp. (NASDAQ:ACDC – Get Free Report) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $4.69 and traded as high as $5.09. ProFrac shares last traded at $4.99, with a volume of 1,919,937 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACDC. Morgan Stanley lowered their target price on ProFrac from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Thursday, August 20th. Wall Street Zen downgraded shares of ProFrac from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of ProFrac in a research note on Monday, September 21st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $5.25.

View Our Latest Stock Analysis on ProFrac

ProFrac Stock Performance

The firm has a 50 day moving average of $4.70 and a 200-day moving average of $5.53. The stock has a market capitalization of $888.75 million, a PE ratio of -2.09 and a beta of 1.52. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.59 and a current ratio of 0.84.

Insider Activity

In related news, major shareholder Dan H. Wilks bought 517,669 shares of the business’s stock in a transaction on Monday, August 10th. The stock was bought at an average price of $4.86 per share, for a total transaction of $2,515,871.34. Following the transaction, the insider directly owned 87,297,864 shares in the company, valued at $424,267,619.04. This represents a 0.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Holdings Lp Thrc bought 363,757 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were bought at an average cost of $4.70 per share, with a total value of $1,709,657.90. Following the purchase, the insider directly owned 83,785,415 shares in the company, valued at approximately $393,791,450.50. This trade represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 2,014,454 shares of company stock worth $9,750,117 in the last 90 days. Company insiders own 2.23% of the company’s stock.

Hedge Funds Weigh In On ProFrac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its holdings in shares of ProFrac by 47.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 8,662 shares of the company’s stock valued at $37,000 after purchasing an additional 2,795 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of ProFrac in the 2nd quarter valued at $68,000. Allworth Financial LP lifted its stake in shares of ProFrac by 88.8% in the 2nd quarter. Allworth Financial LP now owns 6,658 shares of the company’s stock valued at $39,000 after purchasing an additional 3,131 shares during the last quarter. Corient Private Wealth LP bought a new stake in ProFrac in the second quarter worth $368,000. Finally, AXQ Capital LP boosted its holdings in ProFrac by 11.0% in the second quarter. AXQ Capital LP now owns 45,301 shares of the company’s stock worth $263,000 after purchasing an additional 4,487 shares in the last quarter. Institutional investors own 12.75% of the company’s stock.

About ProFrac

(Get Free Report)

ProFrac Holding Corp. is an energy services company that provides hydraulic fracturing and other well-stimulation services to oil and natural gas producers. Through its operations, the company supports the development and completion of unconventional wells, primarily in North American onshore energy markets.

The company’s activities include pressure pumping and hydraulic fracturing services, proppant production and distribution, and the manufacture, sale, and maintenance of equipment used in well-completion operations.