Do Flotek Industries Inc. (FTK) beta value of 3.17 signposts another twist?

Let’s start up with the current stock price of Flotek Industries Inc. (FTK), which is $2.40 to be very precise. The Stock rose vividly during the last session to $2.76 after opening rate of $2.59 while the lowest price it went was recorded $2.3716 before closing at $2.55.

Flotek Industries Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.76 on 09/03/20, with the lowest value was $0.66 for the same time period, recorded on 05/13/20.

Flotek Industries Inc. (FTK) full year performance was 13.74%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Flotek Industries Inc. shares are logging -9.43% during the 52-week period from high price, and 265.35% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.66 and $2.65.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1158289 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Flotek Industries Inc. (FTK) recorded performance in the market was 20.00%, having the revenues showcasing 112.39% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 171.12M, as it employees total of 174 workers.

Flotek Industries Inc. (FTK) in the eye of market guru’s

During the last month, 0 analysts gave the Flotek Industries Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.29, with a change in the price was noted +1.43. In a similar fashion, Flotek Industries Inc. posted a movement of +146.63% for the period of last 100 days, recording 569,729 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FTK is recording 0.05 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.03.

Flotek Industries Inc. (FTK): Stocks Technical analysis and Trends

Raw Stochastic average of Flotek Industries Inc. in the period of last 50 days is set at 80.58%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 72.52%. In the last 20 days, the company’s Stochastic %K was 80.09% and its Stochastic %D was recorded 77.71%.

If we look into the earlier routines of Flotek Industries Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 20.00%. Additionally, trading for the stock in the period of the last six months notably improved by 83.21%, alongside a boost of 13.74% for the period of the last 12 months. The shares increased approximately by 3.90% in the 7-day charts and went down by 57.89% in the period of the last 30 days. Common stock shares were driven by 112.39% during last recorded quarter.