What Technical Indicators Show About TechnipFMC plc (FTI)?

TechnipFMC plc (NYSE:FTI) finished Tuesday with an addition of $0.01 to close at $7.92, an upside of 0.13 percent. An average of 6,817,060 shares of common stock have been traded in the last five days. There was a gain of $0.47 in the past week. The last 20 days have seen an average of 6,346,100 shares traded, while the 50-day average volume stands at 5,247,314.

FTI stock has increased by 19.46% in the last month. The company shares reached their 1-month lowest point of $6.19 on 09/09/21. With the stock rallying to its 52-week high on 01/12/21, shares of the company touched a low of $4.03 and a high of $10.70 in 52 weeks. In spite of this, the price is down -25.98% from the 52-week high.


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Valuation Metrics

TechnipFMC plc (FTI) has a trailing price-to-earnings (P/E) ratio of 16.85, which compares with the 18.90 for the broader industry and 18.99 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, TechnipFMC plc’s PE ratio has ranged between 145.00 and 6.845. The stock’s beta is 2.19. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.34, the price-to-book (PB) ratio at 0.99, and the price-to-cash flow ratio at 5.11.

The quick ratio of TechnipFMC plc for the three months ended September 29 was 1.20, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.71 for the quarter ending September 29. On the profitability front, the trailing 12-month gross margin is 13.00% against a 5-year average of 16.9%. TechnipFMC plc’s EBITDA margin for the year ending September 29 is 8.51%, while its operating margin for the same period stands at 1.60%. Its gross profit as reported stood at $1.84 billion compared to revenue of $13.05 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, TechnipFMC plc’s return on assets was 1.00%, compared to -5.9% over the last five years. In the past year, the return on investment has been -37.40%, and the 5-year average is -8.8%. Meanwhile, the return on equity (ROE) for the past 12 months has been 4.10% and the 5-year average holds at -17.9%. For the broader industry, ROE averaged 12.45 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at TechnipFMC plc (FTI) price momentum. RSI 9-day as of the close on 05 October was 74.98%, suggesting the stock is Overbought, with historical volatility in this time frame at 51.52%.

As of today, FTI’s price is $7.72 +6.31% or $0.47 from its 5-day moving average. However, the stock’s current price level is +7.17% above the SMA50 and -18.27% below the SMA200.

The stochastic %K and %D were 85.73% and 82.75%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 81.21% and the average true range at 0.33, the RSI (14) stands at 67.83%. The stock has reached 0.33 on the 9-day MACD Oscillator while the 14-day reading was at 0.58.

Analyst Ratings

Cowen reiterated its an Outperform rating on TechnipFMC plc (NYSE: FTI), but raised their price target to $11, indicating a potential price increase of 38.89% for the stock.The consensus rating for TechnipFMC plc (FTI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FTI, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.

What is FTI’s price target for the next 12 months?

Analysts predict a range of price targets between $4.10 and $13.00, with a median target of $10.50. Taking a look at these predictions, the average price target given by analysts for TechnipFMC plc (FTI) stock is $9.93.

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