Alert: Major Price Decline (11/30/23)-Flotek Industries Inc (NYSE: FTK).


Flotek Industries Inc (NYSE: FTK) stock closed at $3.15 on 11/30/23 after a major decline of -16.4%. Moreover, trading volume in this decline was exceptionally high at 622% of normal. The stock has performed in line with the market over the last nine months and has declined -20.7% during the last week.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, FTK is expected to be a major Value Builder.

Flotek Industries has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Flotek Industries has a very low Appreciation Score of 15 but a slightly positive Power Rating of 64, with the Negative Value Trend Rating the result.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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