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FTK
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$1.02
Change
+$0.04 (+4.08%)
Capitalization
77.38M

FTK Price Prediction, Flotek Industries AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

FTK in downward trend: 10-day moving average crossed below 50-day moving average on June 15, 2022

The 10-day moving average for FTK crossed bearishly below the 50-day moving average on June 15, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 13, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on FTK as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for FTK turned negative on June 13, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

FTK moved below its 50-day moving average on June 13, 2022 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FTK advanced for three days, in of 244 cases, the price rose further within the following month. The odds of a continued upward trend are .

FTK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 145 cases where FTK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. FTK’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.903) is normal, around the industry mean (3.285). P/E Ratio (0.000) is within average values for comparable stocks, (42.815). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.985). Dividend Yield (0.000) settles around the average of (0.047) among similar stocks. P/S Ratio (1.700) is also within normal values, averaging (1.573).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FTK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock worse than average.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

FTK is expected to report earnings to fall 77.59% to -3 cents per share on August 10

Flotek Industries FTK Stock Earnings Reports
Q2'22
Est.
$-0.03
Q1'22
Missed
by $0.09
Q4'21
Missed
by $0.04
Q3'21
Beat
by $0.09
Q2'21
Beat
by $0.02
The last earnings report on May 16 showed earnings per share of -14 cents, missing the estimate of -5 cents. With 157.75K shares outstanding, the current market capitalization sits at 77.38M.
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 1.94B. The market cap for tickers in the group ranges from 717 to 50.39B. SLB holds the highest valuation in this group at 50.39B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was 0%. For the same Industry, the average monthly price growth was -12%, and the average quarterly price growth was 14%. SCEYF experienced the highest price growth at 25%, while SAPMD experienced the biggest fall at -56%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was -66%. For the same stocks of the Industry, the average monthly volume growth was -22% and the average quarterly volume growth was 15%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 53
Price Growth Rating: 58
SMR Rating: 35
Profit Risk Rating: 92
Seasonality Score: -17 (-100 ... +100)
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AI
A.I. Advisor
published General Information

General Information

a manufacturer of oilfield products and downhole technologies

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
8846 North Sam Houston Parkway
Phone
+1 713 849-9911
Employees
131
Web
https://www.flotekind.com

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FTK and Stocks

Correlation & Price change

A.I.dvisor tells us that FTK and NOA have been poorly correlated (+30% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that FTK and NOA's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FTK
1D Price
Change %
FTK100%
+1.81%
NOA - FTK
30%
Poorly correlated
+0.63%
SOI - FTK
28%
Poorly correlated
+1.38%
MRC - FTK
27%
Poorly correlated
+0.50%
WHD - FTK
22%
Poorly correlated
-1.17%
SLCA - FTK
21%
Poorly correlated
-1.40%
More