Is Flotek (FTK) a Buy Stock This Week?

Yesterday Flotek has signed a deal with ProFrac to supply for long-term one of its subsidiaries in Houston, Texas. Its revenue has risen by at least $1 billion and will be surging gradually.

In Q2 2022 the contract will be in effect and the funds will be transferred. Surely, the profit will rise by multiplying EPS drastically from -0.4660.

On more than 22 million shares FTK is surging 12% to $1.52 after the announcement came out twenty hours ago. While the majority of stocks are plunging because of tensions in Eastern Europe. Perhaps, Putin, President of Russia, is ironically manipulating Nasdaq and Dow Jones by shorting tech stocks like FB, TSLA, AMZN, APPL.