Flotek Industries Stock Price on February 9, 2024

FTK Stock  USD 8.35  1.00  13.61%   
Below is the normalized historical share price chart for Flotek Industries extending back to October 16, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Flotek Industries stands at 8.35, as last reported on the 25th of December, with the highest price reaching 8.37 and the lowest price hitting 7.31 during the day.
IPO Date
27th of July 2005
200 Day MA
4.8803
50 Day MA
6.8974
Beta
1.041
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Flotek Stock, it is important to understand the factors that can impact its price. Flotek Industries appears to be slightly risky, given 3 months investment horizon. Flotek Industries secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of risk over the last 3 months. By reviewing Flotek Industries' technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please utilize Flotek Industries' Downside Deviation of 2.75, mean deviation of 2.98, and Coefficient Of Variation of 572.47 to check if our risk estimates are consistent with your expectations.
  
At this time, Flotek Industries' Common Stock Shares Outstanding is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 176.5 M this year, although the value of Common Stock will most likely fall to 2,850. . At this time, Flotek Industries' Price Earnings Ratio is quite stable compared to the past year. Price Book Value Ratio is expected to rise to 1.00 this year, although the value of Price To Operating Cash Flows Ratio will most likely fall to (9.05). Flotek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2183

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Estimated Market Risk

 4.46
  actual daily
39
61% of assets are more volatile

Expected Return

 0.97
  actual daily
19
81% of assets have higher returns

Risk-Adjusted Return

 0.22
  actual daily
17
83% of assets perform better
Based on monthly moving average Flotek Industries is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Flotek Industries by adding it to a well-diversified portfolio.
Price Book
2.009
Enterprise Value Ebitda
21.2486
Price Sales
1.3942
Shares Float
28.4 M
Wall Street Target Price
8.6667

Related Headline

MRC Global Headline on 9th of February 2024

Filed transaction by Mrc Global Inc officer. Payment of exercise price or tax liability by delivering or withholding securities

Flotek Industries Valuation on February 9, 2024

It is possible to determine the worth of Flotek Industries on a given historical date. On February 9, 2024 Flotek was worth 2.92 at the beginning of the trading date compared to the closed value of 2.99. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Flotek Industries stock. Still, in general, we apply an absolute valuation method to find Flotek Industries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Flotek Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Flotek Industries' related companies.
 Open High Low Close Volume
  2.88    2.97    2.86    2.95    54,082  
02/09/2024
  2.92    3.01    2.89    2.99    26,564  
  2.93    3.12    2.93    3.05    37,310  
Backtest Flotek Industries  |  Flotek Industries History  |  Flotek Industries Valuation   PreviousNext  
Open Value
2.92
2.99
Closing Value
16.30
Upside

Flotek Industries Trading Date Momentum on February 9, 2024

On February 12 2024 Flotek Industries was traded for  3.05  at the closing time. Highest Flotek Industries's price during the trading hours was 3.12  and the lowest price during the day was  2.93 . The net volume was 37.3 K. The overall trading history on the 12th of February 2024 contributed to the next trading period price upswing. The overall trading delta to the next next day price was 2.01% . The overall trading delta to current price is 0.33% .

Flotek Industries Fundamentals Correlations and Trends

By evaluating Flotek Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Flotek Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Flotek financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Flotek Industries Stock history

Flotek Industries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Flotek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Flotek Industries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Flotek Industries stock prices may prove useful in developing a viable investing in Flotek Industries
Last ReportedProjected for Next Year
Common Stock Shares Outstanding28.4 M29.8 M
Net Loss-38.1 M-36.2 M

Flotek Industries Stock Technical Analysis

Flotek Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Flotek Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Flotek Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Flotek Industries Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Flotek Industries cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Flotek Industries December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Flotek Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Flotek Industries shares will generate the highest return on investment. By undertsting and applying Flotek Industries stock market strength indicators, traders can identify Flotek Industries entry and exit signals to maximize returns

Flotek Industries Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Flotek Industries' price direction in advance. Along with the technical and fundamental analysis of Flotek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Flotek to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Flotek Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Flotek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Flotek Industries Stock. Highlighted below are key reports to facilitate an investment decision about Flotek Industries Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flotek Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Flotek Stock please use our How to buy in Flotek Stock guide.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Specialty Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flotek Industries. If investors know Flotek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flotek Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1
Earnings Share
0.24
Revenue Per Share
6.052
Quarterly Revenue Growth
0.052
Return On Assets
0.0255
The market value of Flotek Industries is measured differently than its book value, which is the value of Flotek that is recorded on the company's balance sheet. Investors also form their own opinion of Flotek Industries' value that differs from its market value or its book value, called intrinsic value, which is Flotek Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flotek Industries' market value can be influenced by many factors that don't directly affect Flotek Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flotek Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Flotek Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flotek Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.