During the last session, Flotek Industries Inc (NYSE:FTK)’s traded shares were 0.37 million, with the beta value of the company hitting 1.16. At the end of the trading day, the stock’s price was $8.74, reflecting an intraday loss of -0.46% or -$0.04. The 52-week high for the FTK share is $10.35, that puts it down -18.42 from that peak though still a striking 69.79% gain since the share price plummeted to a 52-week low of $2.64. The company’s market capitalization is $260.42M, and the average intraday trading volume over the past 10 days was 0.22 million shares, and the average trade volume was 229.08K shares over the past three months.
Flotek Industries Inc (NYSE:FTK) trade information
Flotek Industries Inc (FTK) registered a -0.46% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.46% in intraday trading to $8.74, hitting a weekly high. The stock’s 5-day price performance is -1.35%, and it has moved by 19.40% in 30 days. Based on these gigs, the overall price performance for the year is 183.77%. The short interest in Flotek Industries Inc (NYSE:FTK) is 0.59 million shares and it means that shorts have 2.14 day(s) to cover.
Flotek Industries Inc (FTK) estimates and forecasts
Statistics show that Flotek Industries Inc has outperformed its competitors in share price, compared to the industry in which it operates. Flotek Industries Inc (FTK) shares have gone up 87.15% during the last six months, with a year-to-date growth rate more than the industry average at 125.00% against -7.80. In the rating firms’ projections, revenue will decrease -0.93% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 50.08M as predicted by 2 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 44.14M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 42.19M and 40.37M respectively. In this case, analysts expect current quarter sales to grow by 18.71% and then jump by 9.33% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 57.18%. While earnings are projected to return 0.34% in 2025.
FTK Dividends
Flotek Industries Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Flotek Industries Inc (NYSE:FTK)’s Major holders
Flotek Industries Inc insiders own 39.26% of total outstanding shares while institutional holders control 14.06%, with the float percentage being 23.15%.
Also, the Mutual Funds coming in first place with the largest holdings of Flotek Industries Inc (FTK) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 840.75 shares. This amounts to just over 2.82 percent of the company’s overall shares, with a $7.35 million market value. The same data shows that the other fund manager holds slightly less at 501.87, or about 1.68% of the stock, which is worth about $4.39 million.
