The consensus among analysts is that Fuel Tech, Inc. (FTEK) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 1 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.08.
Fuel Tech, Inc. (NASDAQ:FTEK) trade information
Sporting 39.28% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the FTEK stock price touched $1.3 or saw a rise of 19.23%. Year-to-date, Fuel Tech, Inc. shares have moved 10.53%, while the 5-day performance has seen it change 34.62%. Over the past 30 days, the shares of Fuel Tech, Inc. (NASDAQ:FTEK) have changed 41.24%. Short interest in the company has seen 218.99 Million shares shorted with days to cover at 0.25.
Fuel Tech, Inc. (FTEK) estimates and forecasts
Figures show that Fuel Tech, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +21.51% over the past 6 months, with this year growth rate of -25%, compared to -1.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -100% and 20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -13.9%.
1 analysts offering their estimates for the company have set an average revenue estimate of $4.67 Million for the current quarter. 1 have an estimated revenue figure of $6.25 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $12.11 Million and $6.45 Million respectively for this quarter and the next, and analysts expect sales will grow by -61.4% for the current quarter and -3.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +16.1% over the past 5 years. Earnings growth for 2020 is a modest +43.8% while over the next 5 years, the company’s earnings are expected to increase by 12.1%.
Fuel Tech, Inc. (NASDAQ:FTEK)’s Major holders
Insiders own 29.46% of the company shares, while shares held by institutions stand at 25.87% with a share float percentage of 36.67%. Investors are also buoyed by the number of investors in a company, with Fuel Tech, Inc. having a total of 43 institutions that hold shares in the company. The top two institutional holders are Grace & White Inc /ny with over 1.79 Million shares worth more than $718.63 Thousand. As of March 30, 2020, Grace & White Inc /ny held 7.28% of shares outstanding.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 1.19 Million shares as of March 30, 2020. The firm’s total holdings are worth over $477.21 Thousand and represent 4.84% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Fund. As of March 30, 2020, the former fund manager holds about 0.85% shares in the company for having 210035 shares of worth $84.12 Thousand while later fund manager owns 203.5 Thousand shares of worth $81.5 Thousand as of March 30, 2020, which makes it owner of about 0.83% of company’s outstanding stock.