TechnipFMC plc (NYSE:FTI) saw an upside of 4.49% to close Friday at $8.14 after adding $0.35 on the day. The 5-day average trading volume is 7,225,600 shares of the company’s common stock. It has gained $8.26 in the past week. An average of 6,289,510 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,396,984.
FTI’s 1-month performance is 28.80% or $1.85 on its low of $6.19 reached on 09/09/21. The company’s shares have touched a 52-week low of $4.03 and high of $10.70, with the stock’s rally to the 52-week high happening on 01/12/21. YTD, FTI has achieved 9.79% or -$1.26. However, the current price is down -23.93%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 145.00 and a low of 6.889. FTI stock has a beta of 2.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.35 while the price-to-book (PB) in the most recent quarter is 1.02, with the price to cash flow ratio at 5.22.
TechnipFMC plc’s quick ratio for the period ended September 29 was 1.20, with the current ratio over the same period at 1.60 meaning that FTI stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.62, while the total debt to equity was 0.71. In terms of profitability, the gross margin trailing 12 months is 13.00%. The trailing 12-month EBITDA margin is 8.51% while for the period ending September 29; TechnipFMC plc’s operating margin was 1.60%. The firm’s gross profit as reported stood at $1.84 billion against revenue of $13.05 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FTI to announce $0.38 per share in earnings in its latest quarter, but it posted $0.31, representing a -18.40% surprise. EBITDA for the quarter stood at more than $130.5 million. FTI stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 7.1 billion, with total debt at $3.32 billion. Shareholders hold equity totaling $450.7 million
Let’s look briefly at TechnipFMC plc (FTI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 72.63% to suggest the stock is trending Overbought, with historical volatility in this time period at 36.47%.
The stock’s 5-day moving average is $7.88, reflecting a +4.09% or $0.32 change from its current price. FTI is currently trading +23.71% above its 20-day SMA, -2.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.70% and -9.15% respectively.
Stochastic %K and %D was 77.20% and 75.43% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 67.80%, while the 14-day stochastic is at 92.82% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at 0.12 and 0.36 on the 14-day charts.
In the most recent analyst report for TechnipFMC plc (NYSE: FTI), Cowen reiterated its an Outperform rating for the company but lifted their price target by $11 to $12. Analysts offering their rating for FTI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FTI as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is FTI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.10 and a high of $12.50, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for TechnipFMC plc (FTI) stock is $9.76.