FTK’s implied volatility in context

On October 16, 2017, Flotek Industries’ (FTK) implied volatility was ~66%. Flotek Industries’ 2Q17 earnings were announced on August 1, 2017. Since then, its implied volatility has increased from 58% to the current level. A stock’s potential movement is indicated by implied volatility (or IV), as viewed by the options traders.

Since August 1, FTK’s stock price has fallen 43%. FTK constitutes 0.01% of the iShares Russell 2000 ETF (IWM). IWM has increased 6% since June 30, 2017, compared to the 47% fall in FTK’s stock price during this period.

Flotek Industries’ Stock Price Forecast over the Next 7 Days

Stock price forecast for Flotek Industries

FTK’s stock could close between $4.32 and $5.18 in the next seven days. FTK’s stock price was $4.75 on October 16, 2017. The forecast assumes Flotek Industries’ implied volatility, a normal distribution of stock prices, a standard deviation of 1, and a probability of 68.2%.

Implied volatility: comparison with peers

Helmerich & Payne’s (HP) implied volatility on October 16, 2017, was ~32%, which implies HP’s stock price can range between $50.22 and $54.84 in the next seven days.

CARBO Ceramics’ (CRR) implied volatility was ~81% on October 12, which implies CRR’s stock price can range between $6.03 and $7.57 in the next seven days.

Implied volatility for McDermott International (MDR) was ~36% on October 16. This implies that MDR’s stock price can range between $6.47 and $7.15 in the next seven days. On October 16, 2017, crude oil’s implied volatility was 23.5%.

Next, we’ll discuss how investors view FTK stock as indicated by its short interest.

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