Flotek Industries Inc [FTK] stock is trading at $5.31, up 0.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FTK shares have gain 13.46% over the last week, with a monthly amount glided 27.95%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Flotek Industries Inc [NYSE: FTK] stock has seen the most recent analyst activity on July 25, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $6.50. Previously, Alliance Global Partners started tracking the stock with Buy rating on April 29, 2024, and set its price target to $7. On July 01, 2021, Noble Capital Markets initiated with a Outperform rating and assigned a price target of $2.50 on the stock. Seaport Global Securities downgraded its rating to a Neutral. Seaport Global Securities upgraded its rating to a Speculative Buy and reduced its price target to $8 on January 20, 2016. Oppenheimer upgraded its rating to Perform for this stock on July 27, 2015, and upped its price target to $17. In a note dated April 24, 2015, Oppenheimer reiterated an Underperform rating on this stock and revised its target price from $12 to $10.
Flotek Industries Inc [FTK] stock has fluctuated between $2.64 and $5.61 over the past year. Flotek Industries Inc [NYSE: FTK] shares were valued at $5.31 at the most recent close of the market.
Analyzing the FTK fundamentals
Flotek Industries Inc [NYSE:FTK] reported sales of 175.98M for the trailing twelve months, which represents a drop of -8.78%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.18 points at the first support level, and at 5.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.38, and for the 2nd resistance point, it is at 5.46.
Ratios To Look Out For
For context, Flotek Industries Inc’s Current Ratio is 1.85. As well, the Quick Ratio is 1.57, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 1.49 and price to earnings (TTM) ratio is 23.41.
Transactions by insiders
Recent insider trading involved Nierenberg David, Director, that happened on Dec 14 ’23 when 19481.0 shares were purchased. Director, Nierenberg David completed a deal on Dec 13 ’23 to buy 33118.0 shares. Meanwhile, Director Nierenberg David bought 12735.0 shares on Dec 12 ’23.
