On 11/5/24, Flotek Industries Inc (NYSE: FTK) stock enjoyed a major increase of 23.0%, closing at $6.15. Moreover, trading volume in this advance was exceptionally high at 369% of normal. The stock has risen 25.5% during the last week and 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Flotek Industries has a slightly negative Appreciation Score of 36 but a very high Power Rating of 92, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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