TechnipFMC plc (NYSE:FTI) saw a downside of -0.55% to close Tuesday at $18.10 after subtracting -$0.1 on the day. The 5-day average trading volume is 5,734,860 shares of the company’s common stock. It has gained $18.50 in the past week and touched a new high 4 times within the past 5 days. An average of 8,290,936 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,792,064.
FTI’s 1-month performance is 4.14% or $0.96 on its low of $17.06 reached on 07/10/23. The company’s shares have touched a 52-week low of $7.88 and high of $19.15, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, FTI has achieved 48.48% or $5.91 and has reached a new high 28 times. However, the current price is down -5.48% from the 52-week high price.
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Insider Transactions
FTI stock investors last saw insider trading activity on Mar 09.de Carvalho Filho Eleazar (Director) most recently sold 22,208 shares at $15.10 per share on Mar 09. This transaction cost the insider $335,341. President Subsea, Landes Jonathan, sold 10,400 shares at a price of $12.00 on Dec 29.
Valuation Metrics
FTI stock has a beta of 1.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.11 while the price-to-book (PB) in the most recent quarter is 2.57, with the price to cash flow ratio at 22.99.
TechnipFMC plc’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.34, while the total debt to equity was 0.48.. In terms of profitability, the gross margin trailing 12 months is 14.40%. The firm’s gross profit as reported stood at $896.3 million against revenue of $6.7 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 102.41% to -$87.2 million, while revenue of $0.4 million was 100.46% off the previous quarter. Analysts expected FTI to announce $0.15 per share in earnings in its latest quarter, but it posted $0.1, representing a -33.30% surprise. EBITDA for the quarter stood at more than $255.5 million. FTI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.5 billion, with total debt at $2.36 billion. Shareholders hold equity totaling $438.07 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 August was 53.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 47.16%.
The stock’s 5-day moving average is $18.17, reflecting a +1.12% or $0.20 change from its current price. FTI is currently trading +0.06% above its 20-day SMA, +42.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +30.40% and SMA200 by+82.28%.
Stochastic %K and %D was 54.49% and 55.02% and the average true range (ATR) pointed at 0.63. The RSI (14) points at 56.86%, while the 14-day stochastic is at 49.52% with the period’s ATR at 0.63. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.13 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for TechnipFMC plc (NYSE: FTI), Kepler downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for FTI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate FTI as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 17 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 $17.00 and a high of $29.00, with their median price target at $22.00. Looking at these predictions, the average price target given by analysts is for TechnipFMC plc (FTI) stock is $21.81.
