Flotek Industries Inc (NYSE: FTK) has a price-to-earnings ratio of 21.16x that is above its average ratio. Additionally, the 36-month beta value for FTK is 1.03. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FTK is 28.64M and currently, short sellers hold a 1.86% ratio of that float. The average trading volume of FTK on September 27, 2024 was 113.76K shares.
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FTK) stock’s latest price update
Flotek Industries Inc (NYSE: FTK)’s stock price has gone decline by -7.34 in comparison to its previous close of 5.18, however, the company has experienced a -8.92% decrease in its stock price over the last five trading days. zacks.com reported 2024-09-18 that Flotek Industries (FTK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
FTK’s Market Performance
Flotek Industries Inc (FTK) has experienced a -8.92% fall in stock performance for the past week, with a 12.41% rise in the past month, and a 6.43% rise in the past quarter. The volatility ratio for the week is 5.15%, and the volatility levels for the past 30 days are at 5.61% for FTK. The simple moving average for the past 20 days is 4.13% for FTK’s stock, with a 24.24% simple moving average for the past 200 days.
Analysts’ Opinion of FTK
Many brokerage firms have already submitted their reports for FTK stocks, with ROTH MKM repeating the rating for FTK by listing it as a “Buy.” The predicted price for FTK in the upcoming period, according to ROTH MKM is $6.50 based on the research report published on July 25, 2024 of the current year 2024.
Alliance Global Partners, on the other hand, stated in their research note that they expect to see FTK reach a price target of $7. The rating they have provided for FTK stocks is “Buy” according to the report published on April 29th, 2024.
Noble Capital Markets gave a rating of “Outperform” to FTK, setting the target price at $2.50 in the report published on July 01st of the previous year.
FTK Trading at 7.59% from the 50-Day Moving Average
After a stumble in the market that brought FTK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.44% of loss for the given period.
Volatility was left at 5.61%, however, over the last 30 days, the volatility rate increased by 5.15%, as shares surge +13.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.38% lower at present.
During the last 5 trading sessions, FTK fell by -8.92%, which changed the moving average for the period of 200-days by +53.85% in comparison to the 20-day moving average, which settled at $4.64. In addition, Flotek Industries Inc saw 22.45% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FTK starting from Nierenberg David, who purchase 19,481 shares at the price of $3.72 back on Dec 14 ’23. After this action, Nierenberg David now owns 765,150 shares of Flotek Industries Inc, valued at $72,469 using the latest closing price.
Nierenberg David, the Director of Flotek Industries Inc, purchase 33,118 shares at $3.53 during a trade that took place back on Dec 13 ’23, which means that Nierenberg David is holding 753,202 shares at $116,907 based on the most recent closing price.
Stock Fundamentals for FTK
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.2 for the gross margin
The net margin for Flotek Industries Inc stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 6.78, with 4.41 for asset returns.
Based on Flotek Industries Inc (FTK), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -0.55. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 7.93.
Currently, EBITDA for the company is 1.42 million with net debt to EBITDA at 0.76. When we switch over and look at the enterprise to sales, we see a ratio of 0.87. The receivables turnover for the company is 2.98for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
In conclusion, Flotek Industries Inc (FTK) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
