The trading price of Flowco Holdings Inc (NYSE:FLOC) closed higher on Friday, May 23, and closing at $18.32, 0.66% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $30.50 and a 52-week low of $16.69. Over the past month, the stock has lost -7.29% in value.
Flowco Holdings Inc, whose market valuation is $1.66 billion at the time of this writing, is expected to release its quarterly earnings report in June. The dividend yield on the company stock is 0.44%, while its Forward Dividend ratio is 0.08. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that FLOC’s price is currently -9.21% off the SMA20 and -13.93% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.12, and weekly volatility stands at 1.59%. When measured over the past 30 days, the indicator reaches 4.22%. Flowco Holdings Inc (NYSE:FLOC)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.11. With analysts defining $32-$33 as the low and high price targets, we arrive at a consensus price target of $32.5 for the trailing 12-month period. The current price is about -74.67% off the estimated low and -80.13% off the forecast high, based on this estimate. Investors will be thrilled if FLOC’s share price rises to $32.5, which is the median consensus price. At that level, FLOC’s share price would be -77.4% below current price.
To see how Flowco Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: FLOC stock’s performance was 0.66% in the latest trading.
An evaluation of the daily trading volume of Flowco Holdings Inc (NYSE:FLOC) indicates that the 3-month average is 493.05K.
Currently, records show that 25.72 million of the company’s shares remain outstanding. The insiders hold 78.31% of outstanding shares, whereas institutions hold 25.13%. However, since the stock’s price has seen -38.32% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
