Overall market sentiment has been high on Flotek Industries Inc (FTK) stock lately. FTK receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Flotek Industries Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FTK!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With FTK Stock Today?
Flotek Industries Inc (FTK) stock is trading at $1.47 as of 9:59 AM on Monday, Apr 25, an increase of $0.04, or 2.8% from the previous closing price of $1.43. The stock has traded between $1.38 and $1.54 so far today. Volume today is light. So far 260,377 shares have traded compared to average volume of 762,313 shares.
More About Flotek Industries Inc
Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others. The company operates in the Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries that market specialty chemicals. Its Data Analytics segment enables users to maximize the value of their hydrocarbon-associated processes by providing analytics associated with the streams in seconds rather than minutes or days.
Click Here to get the full Stock Report for Flotek Industries Inc stock.
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