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2 hours ago
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Sultan Khalid
Thu, May 15, 2025, 12:45 PM 2 min read
In This Article:
Flotek Industries, Inc. (NYSE:FTK) was among the vigor stocks that gained the astir this week. In this article, we are going to sermon wherefore the banal surged 21.9% betwixt May 7th and May 14th.
Aerial presumption of an lipid refinery, showcasing the company's hydrocarbon-producing marketplace segment.
Flotek Industries, Inc. (NYSE:FTK) is simply a starring chemistry and information exertion institution focused connected servicing the vigor industry.
Flotek Industries, Inc. (NYSE:FTK) continues to summation aft posting important maturation successful gross and nett successful its Q1 2025 results reported past week, marking its strongest quarterly show successful the past 5 years. The company’s nett income surged by a monolithic 244% YoY to $5.38 million, portion its gross besides accrued by 37% YoY to $55.36 cardinal – some beating marketplace expectations. FTK besides highlighted its acquisition of 30 real-time state monitoring and dual substance optimization assets past month, on with a $160 cardinal multi-year contract, arsenic strategical moves to further fortify its marketplace position. Moreover, determination person besides been reports of insider enactment astatine Flotek, with manager Matthew Wilks investing implicit $1.65 cardinal to acquisition the company’s stock.
After the caller rally, the banal of Flotek Industries, Inc. (NYSE:FTK) has present surged by astir 315% implicit the past 52 weeks.
While we admit the imaginable of FTK to grow, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an AI banal that is much promising than FTK and that has 100x upside potential, cheque retired our study astir this cheapest AI stock.
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Disclosure: None.
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