JP Morgan has recently raised Propetro Holding Corp (PUMP) stock to Neutral rating, as announced on December 6, 2024, according to Finviz. Earlier, on January 16, 2024, The Benchmark Company had reduced the stock from a Buy to Hold. The Benchmark Company also raised Buy rating. Additionally, The Benchmark Company initiated Hold rating on January 19, 2023. Citigroup analysts, in their report published on January 17, 2023, also reduced Neutral rating and set a price target of $12 for Propetro Holding Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Propetro Holding Corp (PUMP) Stock Trading Recap
On Monday, Propetro Holding Corp (PUMP) stock saw a modest uptick, ending the day at $5.17 which represents a slight increase of $0.20 or 4.02% from the prior close of $4.97. The stock opened at $5.17 and touched a low of $4.97 during the day, reaching a high of $5.23. The volume of shares traded was 2.18 million exceeding the average volume of 1.74 million.
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PUMP Stock Performance and Moving Averages
In recent trading, Propetro Holding Corp (PUMP) stock price has shown some volatility, fluctuating -1.71% over the last five trades and -24.85% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -37.41%, and it has plunged by -49.71% in the previous three months. Currently, PUMP is trading at -21.06%, -31.37%, and -37.16% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, PUMP, a Energy sector stock, is trading -53.72% below its 52-week high but remains 12.15% above its 52-week low. The Average True Range (ATR) (14 days) of 0.52 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Propetro Holding Corp’s Profitability and Valuation Ratios
Propetro Holding Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of 3.53% and a profit margin of -9.55%, with a gross margin of -37.41%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Propetro Holding Corp’s market capitalization stands at $536.54 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.02. Additionally, the Price-to-Sales Ratio is 0.37, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.65, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 23.81% of Propetro Holding Corp (PUMP)’s shares, while financial institutions hold 82.43%.
Notable insider trades include Munoz Adam, President and COO at Propetro Holding Corp (PUMP), who sold 42,573 shares on May 03 ’24, at $9.28 each, totaling $0.40 million.
