Flotek Industries Inc (NYSE: FTK) stock closed at $3.38 on 1/3/24 after a major decline of -10.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 361% of normal. The stock has performed in line with the market over the last nine months and has declined -6.9% during the last week.
Current PriceTarget Research Rating
FTK’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a modest Value Eraser.
Flotek Industries has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Flotek Industries has a very low Appreciation Score of 1 but a neutral Power Rating of 50, with the Lowest Value Trend Rating the result.
Rating Review
In light of this highly negative 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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