Flotek Industries Inc (NYSE:FTK)’s traded shares stood at 1.66 million during the last session, with the company’s beta value hitting 1.23. At the close of trading, the stock’s price was $9.93, to imply an increase of 18.92% or $1.58 in intraday trading. The FTK share’s 52-week high remains $9.14, putting it 7.96% up since that peak but still an impressive 73.41% since price per share fell to its 52-week low of $2.64. The company has a valuation of $295.88M, with an average of 0.17 million shares in intraday trading volume over the past 10 days and average of 146.50K shares over the past 3 months.
Flotek Industries Inc (NYSE:FTK) trade information
After registering a 18.92% upside in the last session, Flotek Industries Inc (FTK) has traded red over the past five days. The 5-day price performance for the stock is 34.01%, and 22.44% over 30 days. With these gigs, the year-to-date price performance is 153.32%. Short interest in Flotek Industries Inc (NYSE:FTK) saw shorts transact 0.55 million shares and set a 2.66 days time to cover.
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Flotek Industries Inc (FTK) estimates and forecasts
Looking at statistics comparing Flotek Industries Inc share performance against respective industry, we note that the company has outperformed competitors. Flotek Industries Inc (FTK) shares are 120.18% up over the last 6 months, with its year-to-date growth rate higher than industry average at 125.00% against -7.30%. The rating firms project that company’s revenue will shrink -0.93% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 50.08M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 44.14M.Earnings reports from the last fiscal year show that sales brought in 42.19M and 40.37M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 18.71% before jumping 9.33% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 57.18% for the past 5-year period. While 2024 is set for a 0.34% return in earnings, projections for the next 5 years are at 10.00% annually.
FTK Dividends
Flotek Industries Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Flotek Industries Inc (NYSE:FTK)’s Major holders
Flotek Industries Inc insiders hold 39.43% of total outstanding shares, with institutional holders owning 14.12% of the shares at 23.30% float percentage. In total, 14.12% institutions holds shares in the company.
