Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Flotek Industries Inc (NYSE: FTK) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Flotek Industries Inc (NYSE: FTK) stock closed at $6.97 on 11/8/24 after a very large increase of 6.2%. Moreover, exceptionally high trading volume at 238% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 40.5% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Flotek Industries has a poor Appreciation Score of 29 but a very high Power Rating of 90, leading to the High Neutral Value Trend Rating.
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