ProPetro Holding Corp (PUMP) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.52 million shares. The 52-week range on PUMP shows that it touched its highest point at $11.37 and its lowest point at $6.33 during that stretch. It currently has a 1-year price target of $11.17. Beta for the stock currently stands at 2.14.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PUMP was up-trending over the past week, with a rise of 2.41%, but this was up by 10.53% over a month. Three-month performance dropped to -5.39% while six-month performance fell -25.19%. The stock gained 9.78% in the past year, while it has lost -3.58% so far this year. A look at the trailing 12-month EPS for PUMP yields 0.74 with Next year EPS estimates of 0.59. For the next quarter, that number is 0.07. This implies an EPS growth rate of -42.11% for this year and 35.06% for next year. EPS is expected to decline by -10.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.68%.

Float and Shares Shorts:

At present, 109.48 million PUMP shares are outstanding with a float of 80.50 million shares on hand for trading. On Mar 15, 2024, short shares totaled 4.67 million, which was 4.34% higher than short shares on Feb 15, 2024. In addition to PUMP as the firm’s ProPetro Holding Corp., BBCP serves as its Concrete Pumping Holdings, Inc.

Institutional Ownership:

Through their ownership of 90.89% of PUMP’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PUMP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.