Stick With TechnipFMC plc (FTI). The Bull Are Alive And Well

Currently, there are 442.20M common shares owned by the public and among those 427.16M shares have been available to trade.

Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 11,173 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 28,466 shares.

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However, the script later moved the day high at 22.12, up 2.04%. The company’s stock has a 5-day price change of 11.41% and 5.02% over the past three months. FTI shares are trading 9.09% year to date (YTD), with the 12-month market performance up to 56.26% higher. It has a 12-month low price of $12.04 and touched a high of $22.78 over the same period. FTI has an average intraday trading volume of 4.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.63%, 11.90%, and 17.50% respectively.

Institutional ownership of TechnipFMC plc (NYSE: FTI) shares accounts for 99.59% of the company’s 442.20M shares outstanding.

It has a market capitalization of $9.57B and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 179.20, while the earnings-per-share (ttm) stands at $0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.37% over the week and 2.79% over the month.

Analysts forecast that TechnipFMC plc (FTI) will achieve an EPS of $0.14 for the current quarter, $0.29 for the next quarter and $1.8 for 2025. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.22. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to increase by 161.33%, and 58.99% over the next financial year.

Looking at the support for the FTI, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on February 23, 2024, with the firm’s price target at $26-$28. Exane BNP Paribas was of a view on November 06, 2023 that the stock is Neutral, while Jefferies gave the stock Hold rating on October 13, 2023, issuing a price target of $18- $22. Kepler on their part issued Hold rating on August 01, 2023.

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