Flotek Industries Inc (NYSE:FTK) does about 143.14K shares in volume on a normal day but saw 260970 shares change hands in the recent trading day. The company now has a market cap of 282.65M USD. Its current market price is $8.35, marking an increase of 13.61% compared to the previous close of $7.35. The 52 week high reached by this stock is $9.14 whilst the lowest price level in 52 weeks is $2.64.
Flotek Industries Inc (FTK) has a 20-day trading average at $8.11 and the current price is -8.64% off the 52-week high compared with 216.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.97 and its 200-day simple moving average is $4.91. If we look at the stock’s price movements over the week, volatility stands at 6.80%, which decreases to 5.28% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.46 to suggest the stock is neutral.
The consensus objective for the share price is $8.75, suggesting that the stock has a potential upside of 4.57% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 25, 2024 when ROTH MKM initiated the stock to “Buy” and issued a price target of $6.50. Noble Capital Markets initiated its price target at $2.50.
The current price level is 2.91%, 19.85%, and 70.12% away from its SMA20, SMA50, and SMA200 respectively, with the FTK price moving below the 50-day SMA on current market day. Flotek Industries Inc (FTK) stock is up 8.02% over the week and 2.20% over the past month. Its price is 113.01% year-to-date and 130.03% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.1 and 0.29 for whole year. Expected sales for next quarter are $44.14M, which analysts say will come at $186.32M for the current fiscal year and next year at $213.9M. In addition, estimates put the company’s current quarterly revenue at an average of $50.08M.
To reach the target analysts have set, the stock logically needs to grow 4.57 percent from here.
Outstanding shares total 29.79M with insiders holding 39.43% of the shares and institutional holders owning 14.12% of the company’s common stock. The company has a return on investment of 7.05% and return on equity of 7.84%. The price to earnings ratio (P/E ratio) amounts to 31.30 while the forward price to earnings ratio is 16.87. The beta has a value of 1.25. Price to book ratio is 2.28 and price to sales ratio is 1.58.
