As of Friday close, TechnipFMC plc’s (NYSE:FTI) stock was up $0.06, moving up 0.33 percent to $18.31. The average number of shares traded per day over the past five days has been 5,577,360 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.21 fall in that time frame. In the last twenty days, the average volume was 8,111,495, while in the previous 50 days, it was 6,673,176.
Since last month, FTI stock rose 12.68%. Shares of the company fell to $16.04 on 07/06/23, the lowest level in the past month. A 52-week high of $19.15 was reached on 07/27/23 after having rallying from a 52-week low of $7.88. Since the beginning of this year, FTI’s stock price has risen by 50.21% or $6.12, and marked a new high 28 times. However, the stock has declined by -4.39% since its 52-week high.
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FTI stock investors should be aware that TechnipFMC plc (FTI) stock had its last reported insider trading activity 149 days ago on Mar 09. de Carvalho Filho Eleazar, the Director of the company, disposed of 22,208 shares for $15.10 on Mar 09. It resulted in a $335,341 divestment by the insider. Landes Jonathan sold 10,400 shares at an average price of $12.00 on Dec 29. The insider now owns 138,545 shares following the transaction.
Valuation Metrics
The stock’s beta is 1.85. Besides these, the trailing price-to-sales (P/S) ratio of 1.12, the price-to-book (PB) ratio of 2.60, and the price-to-cash flow ratio of 22.30 may also be considered.
The latest dividend of $0.05 per share was paid out, which is -61.54% less than last year’s $0.13. On Wednesday July 26 2023, a $0.08 dividend decrease was announced.
Financial Health
In the three months ended June 29, TechnipFMC plc’s quick ratio stood at 0.90, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.34, and the total debt-to-equity ratio was 0.48. On the profitability front, the trailing twelve-month gross margin is 13.60% percent. In the year ended June 29, EBITDA margin amounted to 9.16%, whereas operating margins totaled 4.70%. Based on annual data, FTI earned $896.3 million in gross profit and brought in $6.7 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.30%. Return on equity (ROE) for the past 12 months was -4.20%.
In TechnipFMC plc’s quarter-end financial report for June 29, it reported total debt of $999.7 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FTI’s revenue rose 12.93% to $1.72 billion during the quarter, while net income inched up to $1.97 billion. While analysts expected TechnipFMC plc to report $0.15 quarterly earnings, the actual figure was $0.1 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated $255.5 million in EBITDA. The liabilities of TechnipFMC plc were 6.5 billion at the end of its most recent quarter ended June 29, and its total debt was $2.36 billion. The value of shareholders’ equity is $438.07 million.
Technical Picture
This quick technical analysis looks at TechnipFMC plc’s (FTI) price momentum. With a historical volatility rate of 51.08%, the RSI 9-day stood at 58.05% on 04 August.
With respect to its five-day moving average, the current TechnipFMC plc price is down by -1.13% percent or -$0.21. At present, FTI shares trade +6.83% above its 20-day simple moving average and +33.45% percent above its 100-day simple moving average. However, the stock is currently trading approximately +30.14% above its SMA50 and +93.55% above its SMA200.
Stochastic coefficient K was 53.69% and Stochastic coefficient D was 49.79%, while ATR was 0.66. Given the Stochastic reading of 59.62% for the 14-day period, the RSI (14) reading has been calculated as 59.49%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at 0.14.
Analyst Ratings
TechnipFMC plc downgraded its rating on TechnipFMC plc (NYSE: FTI) to a Hold in a note to investors on August 01, 2023. The analysts firm previously had a Buy rating on the stock.TechnipFMC plc (FTI) has been rated Buy by analysts. According to 0 brokerage firms, FTI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate TechnipFMC plc stock as buy, with 18 recommending it as overweight.
With a median target price of $22.00, the current consensus forecast for the stock is $17.00 – $29.00. Based on these forecasts, analysts predict TechnipFMC plc (FTI) will achieve an average price target of $21.81.
