Is Flotek Industries Still a Buy After Surging 161% in a Year?
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Flotek Industries (FTK) has seen a significant increase in profitability, with its 2024 adjusted EBITDA guidance raised to $16.5-$18.5 million, marking a 35% midpoint boost from initial estimates. This follows a 161% surge in its stock price over the past year.
January 06, 2025 | 2:45 pm
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Flotek Industries has increased its 2024 adjusted EBITDA guidance to $16.5-$18.5 million, a 35% increase from initial estimates, indicating improved profitability. This comes after a 161% rise in its stock price over the past year.
The increase in EBITDA guidance suggests improved financial performance, which is likely to positively impact investor sentiment and the stock price. The significant stock price surge over the past year further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100