What You Need To Know About TechnipFMC plc (FTI)

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TechnipFMC plc (NYSE:FTI) finished Thursday with an addition of $0.18 to close at $12.06, an upside of 1.52 percent. An average of 3,214,180 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 5,452,555 shares traded, while the 50-day average volume stands at 7,849,876.

FTI stock has decreased by -0.08% in the last month. The company shares reached their 1-month lowest point of $11.09 on 12/09/22. With the stock rallying to its 52-week high on 12/05/22, shares of the company touched a low of $5.47 and a high of $13.08 in 52 weeks. It has reached a new high 36 times so far this year and achieved 103.72% or $6.14 in price. In spite of this, the price is down -7.80% from the 52-week high.


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Valuation Metrics

TechnipFMC plc (FTI) stock’s beta is 1.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.81, the price-to-book (PB) ratio at 1.73, and the price-to-cash flow ratio at 45.98.

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 0.45 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 $1.13 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 -$10.3 million in the quarter, while revenues of $2.1 million were shrunk -212.62%. The analyst consensus anticipated TechnipFMC plc’s latest quarter earnings to come in at $0.1 per share, but it turned out to be $0.03, a -70.00% surprise. For the quarter, EBITDA amounted to $175.3 million. Shareholders own equity worth $446.44 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 29 December was 56.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.60%.

As of today, FTI’s price is $11.99 unch or $unch from its 5-day moving average. FTI is currently trading -2.74% lower than its 20-day SMA and +45.48% higher than its 100-day SMA. However, the stock’s current price level is +26.95% above the SMA50 and +70.34% above the SMA200.

The stochastic %K and %D were 81.55% and 81.39%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 86.61% and the average true range at 0.43, the RSI (14) stands at 54.99%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at 0.26.

Analyst Ratings

HSBC Securities upgraded TechnipFMC plc (NYSE: FTI) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for TechnipFMC plc (FTI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FTI, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 16 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 $11.75 and $17.00, with a median target of $14.00. Taking a look at these predictions, the average price target given by analysts for TechnipFMC plc (FTI) stock is $14.15.

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