The stock of TechnipFMC plc (NYSE:FTI) decreased by -$0.14 on Friday to finish at $18.68, down -0.74 percent. The last five days have seen an average of 5,017,683 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $6.57. The average number of shares traded over the last 20 days was 6,615,681, while the average volume over the last 50 days totaled 6,744,922.
FTI stock appreciated 7.92% since last month. On 07/21/23, the company’s shares reached a one-month low of $17.07. The stock touched a high of $19.15 on 07/27/23, after rallying from a low of $7.88 in 52 weeks. The price of FTI stock has risen by 53.24% or $6.57 this year, reaching a new high 28 times. Still, the stock price is down -2.45% from the 52-week high.
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Insider Transactions
FTI stock investors should be aware that TechnipFMC plc (FTI) stock had its last reported insider trading activity 158 days ago on Mar 09. On Mar 09, Director de Carvalho Filho Eleazar sold 22,208 shares at $15.10 each. This transaction resulted in the insider making $335,341. On Dec 29, Landes Jonathan sold 10,400 shares at a price of US$12.00. After the transaction, the insider now owns 138,545 shares.
Valuation Metrics
Beta for the stock is 1.84. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.13, the price-to-book (PB) ratio of 2.65, and the price-to-cash flow ratio of 23.36.
Company paid $0.05 per share in dividends, a decrease of -61.54% from $0.13 last year. A $0.08 dividend decrease was reported on Wednesday July 26 2023.
Financial Health
For the three months ended June 29, TechnipFMC plc’s quick ratio was 0.90, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.34, and the total debt to equity ratio is 0.48. As far as profitability goes, gross margin for the trailing twelve months is 14.40% percent. TechnipFMC plc’s EBITDA margin for the year ended June 29 was 9.16%, whereas its operating margin stood at 4.50% for the same period. Based on annual data, it had gross profit of $896.3 million and revenue of $6.7 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FTI’s return on assets (ROA) during the last 12 months has been -1.40%. There was a 1.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -4.20%.
Earnings Surprise
According to TechnipFMC plc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.97 billion, while revenues rose by 12.93% to $1.72 billion. It was predicted that TechnipFMC plc’s quarterly earnings would be $0.1, but it ended up being $0.15, beating the consensus by -33.30%. EBITDA was $255.5 million for the quarter. At the end of TechnipFMC plc’s most recent quarter ended June 29, its liabilities totaled 6.5 billion, while its total debt was $2.36 billion. Equity owned by shareholders amounts to $438.07 million.
Technical Picture
Here’s a quick look at TechnipFMC plc’s (FTI) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 64.05%, suggesting the stock is Neutral, with a 12.43% historical volatility rate.
The stochastic %K and %D were 75.02% and 67.07% respectively, while the average true range (ATR) was 0.54. Based on the 14-day stochastic reading of 78.43%, the RSI (14) reading is 62.77%. On the 9-day MACD Oscillator, the stock is at 0.33, and the 14-day reading is at 0.38.
Analyst Ratings
TechnipFMC plc (NYSE: FTI) was downgraded by Kepler to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned TechnipFMC plc (FTI) an Buy rating. FTI is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 17 others recommend it as a buy.
What is FTI’s price target for the next 12 months?
The current consensus forecast for the stock is between $17.00 and $29.00, with a median target price of $22.00. In analyzing these forecasts, the average price target given by analysts for TechnipFMC plc (FTI) is $21.81.
