In last trading session, Flotek Industries Inc (NYSE:FTK) saw 0.32 million shares changing hands with its beta currently measuring 1.12. Company’s recent per share price level of $6.97 trading at $0.41 or 6.25% at ring of the bell on the day assigns it a market valuation of $207.78M. That closing price of FTK’s stock is at a premium of 0.43% from its 52-week high price of $6.94 and is indicating a premium of 62.12% from its 52-week low price of $2.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.15 million shares which gives us an average trading volume of 126.74K if we extend that period to 3-months.
Flotek Industries Inc (NYSE:FTK) trade information
Upright in the green during last session for gaining 6.25%, in the last five days FTK remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $6.97 price level, adding 3.73% to its value on the day. Flotek Industries Inc’s shares saw a change of 77.81% in year-to-date performance and have moved 37.48% in past 5-day. Flotek Industries Inc (NYSE:FTK) showed a performance of 43.42% in past 30-days. Number of shares sold short was 0.58 million shares which calculate 4.03 days to cover the short interests.
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Flotek Industries Inc (FTK) estimates and forecasts
Statistics highlight that Flotek Industries Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 101.45% of value to its shares in past 6 months, showing an annual growth rate of 125.00% while that of industry is -11.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.20% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 50.47M for the same. And 2 analysts are in estimates of company making revenue of 42.42M in the next quarter. Company posted 42.19M and 40.37M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 57.18% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -3.74% while estimates for its earnings growth in next 5 years are of 10.00%.
Flotek Industries Inc (NYSE:FTK)’s Major holders
Insiders are in possession of 39.44% of company’s total shares while institution are holding 12.05 percent of that, with stock having share float percentage of 19.90%. Investors also watch the number of corporate investors in a company very closely, which is 12.05% institutions for Flotek Industries Inc that are currently holding shares of the company.
