Flotek Industries Stock Price on June 10, 2024
| FTK Stock | USD 8.50 0.26 3.16% |
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 8.50, as last reported on the 1st of December, with the highest price reaching 8.60 and the lowest price hitting 8.16 during the day.
If you're considering investing in Flotek Stock, it is important to understand the factors that can impact its price. Flotek Industries is slightly risky given 3 months investment horizon. Flotek Industries secures Sharpe Ratio (or Efficiency) of 0.29, which denotes the company had a 0.29% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Flotek Industries Mean Deviation of 2.94, downside deviation of 3.0, and Coefficient Of Variation of 380.37 to evaluate company specific risk that cannot be diversified away.
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.
IPO Date 27th of July 2005 | 200 Day MA 4.4758 | 50 Day MA 5.915 | Beta 1.041 |
Flotek |
Sharpe Ratio = 0.2895
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Estimated Market Risk
| 4.39 actual daily | 39 61% of assets are more volatile |
Expected Return
| 1.27 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 22 78% of assets perform better |
Based on monthly moving average Flotek Industries is performing at about 22% 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 2.3234 | Enterprise Value Ebitda 24.4983 | Price Sales 1.4192 | Shares Float 28.4 M | Wall Street Target Price 8.6667 |
Flotek Industries Valuation on June 10, 2024
It is possible to determine the worth of Flotek Industries on a given historical date. On June 10, 2024 Flotek was worth 5.05 at the beginning of the trading date compared to the closed value of 5.46. 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 | |
| 4.62 | 4.98 | 4.58 | 4.97 | 167,293 | |
06/10/2024 | 5.05 | 5.61 | 4.70 | 5.46 | 366,380 |
| 5.41 | 5.50 | 5.13 | 5.40 | 131,651 |
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Flotek Industries Trading Date Momentum on June 10, 2024
| On June 11 2024 Flotek Industries was traded for 5.40 at the closing time. Highest Flotek Industries's price during the trading hours was 5.50 and the lowest price during the day was 5.13 . The net volume was 131.7 K. The overall trading history on the 11th of June 2024 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 1.10% . The overall trading delta to current price is 17.58% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 28.4 M | 29.8 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.
Price Boundaries
Flotek Industries Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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Flotek Industries December 1, 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.
| Risk Adjusted Performance | 0.2092 | |||
| Jensen Alpha | 0.918 | |||
| Total Risk Alpha | 0.4121 | |||
| Sortino Ratio | 0.3397 | |||
| Treynor Ratio | 0.641 |
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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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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.