Flotek Industries Inc [NYSE: FTK] stock went on a downward path that fall over -1.97% on Wednesday, amounting to a one-week price decrease of less than -5.98%.
Over the last 12 months, FTK stock rose by 153.11%. The one-year Flotek Industries Inc stock forecast points to a potential downside of -2.4. The average equity rating for FTK stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $266.97 million, with 29.79 million shares outstanding and 28.56 million shares in the current float. Compared to the average trading volume of 198.69K shares, FTK stock reached a trading volume of 290475 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Flotek Industries Inc [FTK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTK shares is $8.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTK stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for Flotek Industries Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 25, 2024. While these analysts kept the previous recommendation, Alliance Global Partners raised their target price to Buy. The new note on the price target was released on April 29, 2024, representing the official price target for Flotek Industries Inc stock. Previously, the target price had yet another raise to $2.50, while Noble Capital Markets analysts kept a Outperform rating on FTK stock.
The Average True Range (ATR) for Flotek Industries Inc is set at 0.55, with the Price to Sales ratio for FTK stock in the period of the last 12 months amounting to 1.50. The Price to Book ratio for the last quarter was 2.45, with the Price to Cash per share for the same quarter was set at 0.17. Price to Free Cash Flow for FTK in the course of the last twelve months was 92.06 with Quick ratio for the last quarter at 1.64.
FTK Stock Performance Analysis:
Flotek Industries Inc [FTK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.98. With this latest performance, FTK shares gained by 8.21% in over the last four-week period, additionally plugging by 85.51% over the last 6 months – not to mention a rise of 153.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTK stock in for the last two-week period is set at 56.10, with the RSI for the last a single of trading hit 53.16, and the three-weeks RSI is set at 57.98 for Flotek Industries Inc [FTK]. The present Moving Average for the last 50 days of trading for this stock 7.78, while it was recorded at 9.21 for the last single week of trading, and 5.17 for the last 200 days.
Insight into Flotek Industries Inc Fundamentals:
Flotek Industries Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.64 and a Current Ratio set at 1.93.
FTK Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Flotek Industries Inc go to 10.00%.
Flotek Industries Inc [FTK] Institutonal Ownership Details
There are presently around $14.13%, or 23.26%% of FTK stock, in the hands of institutional investors.
