On 5/30/24, Flotek Industries Inc (NYSE: FTK) stock enjoyed a major increase of 11.2%, closing at $4.07. Moreover, exceptionally high trading volume at 255% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 7.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, FTK is expected to be Value Creation neutral.
Flotek Industries has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Flotek Industries has a slightly negative Appreciation Score of 37 and a very low Power Rating of 12, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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