Flotek Industries Inc. (NYSE: FTK) is -5.31% lower on its value in year-to-date trading and has touched a low of $0.53 and a high of $1.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FTK stock was last observed hovering at around $1.05 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $1.40 for the next 12 months. It is also 23.57% off the consensus price target high of $1.40 offered by 1 analysts, but current levels are 23.57% higher than the price target low of $1.40 for the same period.
Currently trading at $1.07, the stock is -7.00% and -3.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 1.90% at the moment leaves the stock -10.27% off its SMA200. FTK registered 30.47% gain for a year compared to 6-month loss of -15.08%.
The stock witnessed a -10.08% gain in the last 1 month and extending the period to 3 months gives it a -3.60%, and is 0.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.81% over the week and 6.95% over the month.
Flotek Industries Inc. (FTK) has around 131 employees, a market worth around $81.39M and $100.00M in sales. Fwd P/E is 5.22. Profit margin for the company is -39.50%. Distance from 52-week low is 102.19% and -45.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-121.70%).
Flotek Industries Inc. (FTK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Flotek Industries Inc. (FTK) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Flotek Industries Inc. is expected to release its quarterly report on 03/09/2023.The EPS is expected to grow by 79.20% this year
Flotek Industries Inc. (FTK) Top Institutional Holders
The shares outstanding are 75.31M, and float is at 72.98M with Short Float at 3.75%.
Flotek Industries Inc. (FTK) Insider Activity
A total of 16 insider transactions have happened at Flotek Industries Inc. (FTK) in the last six months, with sales accounting for 1 and purchases happening 15 times. The most recent transaction is an insider purchase by GIBSON JOHN W JR, the company’s CEO and President. SEC filings show that GIBSON JOHN W JR bought 4,000 shares of the company’s common stock on Oct 31 at a price of $1.19 per share for a total of $4760.0. Following the purchase, the insider now owns 0.89 million shares.
Flotek Industries Inc. disclosed in a document filed with the SEC on Sep 30 that GIBSON JOHN W JR (CEO and President) bought a total of 4,000 shares of the company’s common stock. The trade occurred on Sep 30 and was made at $0.99 per share for $3960.0. Following the transaction, the insider now directly holds 0.89 million shares of the FTK stock.
Still, SEC filings show that on Aug 31, GIBSON JOHN W JR (CEO and President) acquired 4,000 shares at an average price of $1.03 for $4120.0. The insider now directly holds 882,780 shares of Flotek Industries Inc. (FTK).
Flotek Industries Inc. (FTK): Who are the competitors?
The company’s main competitors (and peers) include Oil States International Inc. (OIS) that is trading 19.89% up over the past 12 months and Schlumberger Limited (SLB) that is 64.91% higher over the same period. Ecolab Inc. (ECL) is -35.72% down on the 1-year trading charts.