Flotek Industries Inc. (NYSE:FTK) went down by -5.56% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Oil & Gas Equipment & Services giant went up by $1.02 to trade ended Monday trading at $1.08. This is down from the $1.08 price recorded on Friday’s trading session. Thanks to this latest performance, FTK is closer to the higher price 52-week target of $1.50 and further from the lowest price target of $1.50. Its performance from the start of the year has also been negative, with FTK down by -49.00% year-to-date.
Flotek Industries Inc. (FTK) started the day trading at $1.02 and recorded an intraday high of $1.05. It also recorded an intraday low of $0.97 during Monday’s trading session. Flotek Industries Inc. is a very active stock that recorded a trading volume that is more than 46.32% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 983365, which is more than 46.32 of the total average daily trading volume of 527.87K.
Flotek Industries Inc. (NYSE:FTK) 2020 Performance Impressive
The increase in FTK’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of FTK currently stands at $4.01, which is higher than the current trading price of the stock by 74.56%. However, FTK’s current trading price is -54.55% lower than the 52-week low price of $0.66. In terms of trading volume, Flotek Industries Inc. currently experienced healthy participation during the last trading session. 983365 shares of Flotek Industries Inc. were traded on the stock exchange on Monday, which is more than 46.32% of the 527.87K average trading volume of the stock.
The performance of the stock has been positive over the past year. FTK’s performance over the past one year has seen it plunge by -72.05%, while the stock has gone down by -43.02% in the last six months. The quarterly performance of FTK currently stands at 42.54%, and it is up by 39.57% in the last month. The only negative figure was from the weekly performance, which currently reads -33.77%. At the time of writing FTK’s report, the company has a total market cap of $71.87M, making it one of the largest publicly-traded companies in the world.Flotek Industries Inc. also has over 174 employees all over the world.
FTK Insider Activities
For Flotek Industries Inc., insiders hold 54.80% of all company shares. The insider transactions over the past six months are up by 148.70%. During that period, insiders bought 2,123,494 shares in 24 transactions. In that same period, insiders sold 11,445 of their shares in 2 transactions. After these transactions, insiders at Flotek Industries Inc. now hold 4.72M shares, which is over 75.80% of the total company stocks. Institutional investors currently hold a large chunk of the FTK shares, as they control 6.85% of the company’s total stock.
FTK Fundamental Analysis
For Flotek Industries Inc., the stock’s diluted earnings per share (EPS) stands at -2.11. In the coming year, analysts expect the EPS to be -0.21. The EPS growth will up over the next five years to 10.00% after plunging by -30.80% in the previous five years. In terms of revenue, Flotek Industries Inc.’s quarterly sales (YOY) is shrinking at -0.12, which is higher than the average annual revenue of -30.80% over the past half a decade.
The Return on Investment (ROI) on Flotek Industries Inc.’s stock currently stands at -44.00%. The gross margin of the company is -33.50%.
FTK Analysts Prediction
The Seaport Global Securities has a Speculative Buy rating for Flotek Industries Inc., predicting the stock price to stay between $10 and $8. Another analyst that has a Perform rating for FTK is Oppenheimer, which set a price target of between $8 and $17. Oppenheimer reiterate their Underperform position on the stock ($12 and $10)
Analysts at Global Hunter Securities believe that FTK is Accumulate, and they have a price target of between $28 and $30. Singular Research and Global Hunter Securities also believe that Flotek Industries Inc.’s stock is outperforming at the moment. FTK received a positive rating from Singular Research, which set a price target of $26-$24 for the stock.
At the moment, Flotek Industries Inc.’s Total Debt to Equity ratio stands at 0.00, and they have a long-term Debt to Equity ratio of 0.00.
FTK Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of FTK currently stands at -4.11%, while the SMA50 is 8.72%. The biggest one is the SMA200, which is currently reading -35.40% ahead of Monday’s trading session. The Relative Strength Index of this stock is 48.90.
