FTK Stock Summary and Trading Ideas (Flotek Industries | NYSE:FTK)

Flotek Industries Inc is a technology-driven company focused on reducing the environmental impact of energy operations. Its Chemistry Technologies segment develops green specialty chemicals to enhance the profitability of hydrocarbon producers, catering to major players in the oil and gas industry. These chemicals improve operational efficiency and sustainability throughout the well life cycle. The Data Analytics segment provides real-time analytics for hydrocarbon streams, enabling users to optimize processes and increase profitability by reducing waste and reprocessing. Flotek's revenue primarily comes from its Chemistry segment, reflecting its commitment to providing solutions for environmental improvement in the energy sector.

Flotek Industries trades on the NYSE stock market under the symbol FTK.

As of May 13, 2024, FTK stock price declined to $3.41 with 29,055 million shares trading.

FTK has a beta of 1.03, meaning it tends to be more sensitive to market movements. FTK has a correlation of 0.04 to the broad based SPY ETF.

FTK has a market cap of $101.15 million. This is considered a Micro Cap stock.

Last quarter Flotek Industries reported $40 million in Revenue and $.05 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.01.

In the last 3 years, FTK stock traded as high as $13.44 and as low as $2.64.

The top ETF exchange traded funds that FTK belongs to (by Net Assets): VTI, VXF.

FTK has underperformed the market in the last year with a price return of -13.2% while the SPY ETF gained +27.8%. However, in the short term, FTK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +14.0% vs +4.3% return in SPY. But in the last 2 weeks, FTK shares have been beat by the market, returning -1.7% compared to an SPY return of +2.5%.

FTK support price is $3.33 and resistance is $3.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTK stock will trade within this expected range on the day.