Extremely important positive changes in investment behavior have recently occurred for Flotek Industries Inc (NYSE: FTK): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Flotek Industries has a poor Power Rating of 27 and a poor Appreciation Score of 25, and the Lowest Value Trend Rating results.
Recent Price Action
Flotek Industries Inc (NYSE: FTK) stock closed at $4.91 on 6/28/24 after a very large increase of 8.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 206% of normal. The stock has performed in line with the market over the last nine months and has risen 15.3% during the last week.
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