The stock of Flotek Industries Inc (FTK) has gone down by -5.98% for the week, with a 8.21% rise in the past month and a 82.86% rise in the past quarter. The volatility ratio for the week is 6.21%, and the volatility levels for the past 30 days are 6.22% for FTK. The simple moving average for the last 20 days is 5.24% for FTK’s stock, with a simple moving average of 73.29% for the last 200 days.
Is It Worth Investing in Flotek Industries Inc (NYSE: FTK) Right Now?
The price-to-earnings ratio for Flotek Industries Inc (NYSE: FTK) is above average at 33.58x. The 36-month beta value for FTK is also noteworthy at 1.19. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FTK is 28.56M, and at present, short sellers hold a 2.03% of that float. The average trading volume of FTK on January 09, 2025 was 198.69K shares.
FTK) stock’s latest price update
The stock of Flotek Industries Inc (NYSE: FTK) has decreased by -1.97 when compared to last closing price of 9.14.Despite this, the company has seen a loss of -5.98% in its stock price over the last five trading days. zacks.com reported 2025-01-06 that FTK’s profitability is on the rise, with 2024 adjusted EBITDA guidance raised to $16.5-$18.5 million, reflecting a 35% midpoint boost from initial estimates.
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 previous 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 15.24% 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 -13.43% of loss for the given period.
Volatility was left at 6.22%, however, over the last 30 days, the volatility rate increased by 6.21%, as shares surge +9.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +77.78% upper at present.
During the last 5 trading sessions, FTK fell by -5.98%, which changed the moving average for the period of 200-days by +154.55% in comparison to the 20-day moving average, which settled at $8.51. In addition, Flotek Industries Inc saw -5.98% in overturn over a single year, with a tendency to cut further losses.
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 0.05. The total capital return value is set at 0.08. Equity return is now at value 7.84, with 5.22 for asset returns.
Based on Flotek Industries Inc (FTK), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 2.53. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 8.23.
Currently, EBITDA for the company is 36.5 million with net debt to EBITDA at 0.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.52. The receivables turnover for the company is 2.71for trailing twelve months and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
In summary, Flotek Industries Inc (FTK) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
