Stock Rating Upgrade
Recently the Value Trend Rating for Flotek Industries Inc (NYSE: FTK) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Flotek Industries Inc (NYSE: FTK) stock closed at $4.05 on 8/9/24 after a slight decline of -0.2%. However, this decline was accompanied by unusually low trading volume at 65% of normal. The stock has declined -8.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Flotek Industries has a slightly negative Appreciation Score of 36 but a very high Power Rating of 90, and the Positive Value Trend Rating results.
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