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Thursday, September 28, 2023

Fuel Tech Inc. (NASDAQ:FTEK) on the Path to Profitability

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Fuel Tech Inc. (FTEK) shares are trading at higher $4.15 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $7.04 and the low is $0.30. Over the last 52 weeks, FTEK is up 343.85% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, FTEK reported a profit of $5.91 million. Fuel Tech Inc. also saw revenues increase to $8.15 million. In addition, FTEK has free cash flow of -$3.5 million as of 09-2020. The company’s EBITDA came in at $2.66 million which compares well with its peers.

FTEK booked profit margins of -33.30%, its Return on Equity (ROE) is -29.90%, and its Return on Assets is -23.30%. All told, it is clear that, FTEK needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FTEK has a short ratio of 0.32 and outstanding shares of 24.70M.

Company Outlook

FTEK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 31.2 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.29. Fuel Tech Inc. FTEK also noted assets of $31.52 million at the end of the last quarter. Investors should also keep an eye on sector updates as FTEK has historically followed its peers on positive news.

All told, Fuel Tech Inc. FTEK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FTEK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Fuel Tech Inc. FTEK is now commanding a market cap of 107.90M and a float of 17.42M. FTEK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FTEK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in FTEK, either long or short, and we have not been compensated for this article.

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