TechnipFMC plc (FTI) concluded trading on Wednesday at a closing price of $20.27, with 6.31 million shares of worth about $127.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.64% during that period and on Wednesday the price saw a gain of about 1.65%. Currently the company’s common shares owned by public are about 442.20M shares, out of which, 430.47M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 3 times over the past 12 months. They bought 11,173 shares in 1 of the transactions. In 2 selling transactions, insiders dumped 28,466 shares.
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However, the stock later moved at a day high price of 20.49, or with a gain of 1.65%. Stock saw a price change of 6.74% in past 5 days and over the past one month there was a price change of 3.21%. Year-to-date (YTD), FTI shares are showing a performance of 0.65% which increased to 44.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.04 but also hit the highest price of $22.78 during that period. The average intraday trading volume for TechnipFMC plc shares is 4.79 million. The stock is currently trading 4.07% above its 20-day simple moving average (SMA20), while that difference is up 3.95% for SMA50 and it goes to 9.05% higher than SMA200.
TechnipFMC plc (NYSE: FTI) currently have 442.20M outstanding shares and institutions hold larger chunk of about 99.56% of that.
The stock has a current market capitalization of $8.83B and its 3Y-monthly beta is at 1.65. It has posted earnings per share of -$0.08 in the same period. It has Quick Ratio of 0.91 while making debt-to-equity ratio of 0.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FTI, volatility over the week remained 2.54% while standing at 2.43% over the month.
Analysts are in expectations that TechnipFMC plc (FTI) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $1.13 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.07 which is $0.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1681.36% while it is estimated to increase by 141.82% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on November 06, 2023 offering a Neutral rating for the stock and assigned a target price of $23.50 to it. Coverage by Jefferies stated TechnipFMC plc (FTI) stock as a Hold in their note to investors on October 13, 2023, suggesting a price target of $22 for the stock. On August 01, 2023, Kepler Downgrade their recommendations, while on July 14, 2023, CapitalOne Resumed their ratings for the stock with a price target of $22. Stock get a Buy rating from Citigroup on February 17, 2023.
