ProPetro Holding Corp (NYSE:PUMP) price on Wednesday, May 21, fall -4.01% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.50.
A look at the stock’s price movement, the close in the last trading session was $5.73. Turning to its 52-week performance, $11.17 and $4.61 were the 52-week high and 52-week low respectively. Overall, PUMP moved 6.80% over the past month.
ProPetro Holding Corp’s market cap currently stands at around $571.50 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 331.26M for the company’s revenue for the quarter, with a low and high estimate of 328M and 335.5M respectively. The average forecast suggests down to a -7.22% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.31B, representing a -9.53% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PUMP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 3 recommend PUMP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PUMP’s current price about -0.40% and -8.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.91, while 7-day volatility ratio is 3.40% and 5.46% in the 30-day chart. Further, ProPetro Holding Corp (PUMP) has a beta value of 1.20, and an average true range (ATR) of 0.34. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $11 and high of $11. Looking at the price targets, the low is -100.0% off current price level while to achieve the yearly target high, price needs to move -100.0%. Nonetheless, investors will most likely welcome a -100.0% jump to $11 which is the analysts’ median price.
If we refocus on ProPetro Holding Corp (NYSE:PUMP), historical trading data shows that trading volumes averaged 1.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 103.78 million shares.
The 23.97% of ProPetro Holding Corp’s shares are in the hands of company insiders while institutional holders own 83.70% of the company’s shares. Current price change has pushed the stock -41.05% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PUMP stock continues to rise going into the next quarter.
