The Price Target For TechnipFMC plc (FTI)?

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KOSK
KOSK

TechnipFMC plc (NYSE:FTI) finished Thursday with a subtraction of -$0.08 to close at $8.96, a downside of -0.88 percent. An average of 10,552,240 shares of common stock have been traded in the last five days. There was a fall of -$0.32 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 7,751,160 shares traded, while the 50-day average volume stands at 7,310,706.

FTI stock has increased by 4.80% in the last month. The company shares reached their 1-month lowest point of $7.88 on 09/01/22. With the stock rallying to its 52-week high on 09/21/22, shares of the company touched a low of $5.47 and a high of $9.49 in 52 weeks. It has reached a new high 21 times so far this year and achieved 51.35% or $3.04 in price. In spite of this, the price is down -5.58% from the 52-week high.


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Valuation Metrics

TechnipFMC plc (FTI) stock’s beta is 1.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.65, the price-to-book (PB) ratio at 1.22, and the price-to-cash flow ratio at 189.92.

Financial Health

The quick ratio of TechnipFMC plc for the three months ended September 29 was 1.00, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.36 and a total debt to equity ratio of 0.46 for the quarter ending September 29. Its gross profit as reported stood at $823.9 million compared to revenue of $6.4 billion.

Earnings Surprise

For the three-month period that ended September 29, TechnipFMC plc had $1.2 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.1 million in the quarter, while revenues of -$61.7 million were grew 8052.38%. The analyst consensus anticipated TechnipFMC plc’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.05, a -400.00% surprise. For the quarter, EBITDA amounted to $171.0 million. Shareholders own equity worth $452.21 million.

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 22 September was 52.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.58%.

As of today, FTI’s price is $9.10 -3.45% or -$0.32 from its 5-day moving average. FTI is currently trading +3.34% higher than its 20-day SMA and +29.48% higher than its 100-day SMA. However, the stock’s current price level is +53.95% above the SMA50 and +45.22% above the SMA200.

The stochastic %K and %D were 73.51% and 81.07%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 63.70% and the average true range at 0.41, the RSI (14) stands at 55.84%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.14.

Analyst Ratings

Exane BNP Paribas upgraded TechnipFMC plc (NYSE: FTI) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral.

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