TechnipFMC plc (FTI) concluded trading on Wednesday at a closing price of $21.59, with 5.34 million shares of worth about $115.32 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.20% during that period and on Wednesday the price saw a loss of about -1.05%. Currently the company’s common shares owned by public are about 432.90M shares, out of which, 424.65M shares are available for trading.
Stock saw a price change of -1.46% in past 5 days and over the past one month there was a price change of 14.84%. Year-to-date (YTD), FTI shares are showing a performance of 7.20% which increased to 42.13% 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 $22.97 during that period. The average intraday trading volume for TechnipFMC plc shares is 5.07 million. The stock is currently trading 5.28% above its 20-day simple moving average (SMA20), while that difference is up 8.31% for SMA50 and it goes to 13.75% higher than SMA200.
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TechnipFMC plc (NYSE: FTI) currently have 432.90M outstanding shares and institutions hold larger chunk of about 100.23% of that.
The stock has a current market capitalization of $9.35B and its 3Y-monthly beta is at 1.65. PE ratio of stock for trailing 12 months is 178.73, while it has posted earnings per share of $0.12 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.63. 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 3.58% while standing at 3.00% over the month.
Analysts are in expectations that TechnipFMC plc (FTI) stock would likely to be making an EPS of $0.16 in the current quarter, while forecast for next quarter EPS is $0.31 and it is $1.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.22 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 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 159.52% while it is estimated to increase by 58.83% 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 TD Cowen on February 23, 2024 offering an Outperform rating for the stock and assigned a target price range of between $26 and $28 to it. On November 06, 2023, Exane BNP Paribas Downgrade their recommendations, while on October 13, 2023, Jefferies Downgrade their ratings for the stock with a price target of $22. Stock get a Hold rating from Kepler on August 01, 2023.
