TechnipFMC plc (FTI) Volatility Spurs A Quest For Clarity

Currently, there are 432.90M common shares owned by the public and among those 428.17M shares have been available to trade.

However, the script later moved the day high at 22.40, down -1.62%. The company’s stock has a 5-day price change of -0.64% and 37.48% over the past three months. FTI shares are trading 30.04% year to date (YTD), with the 12-month market performance up to 95.01% higher. It has a 12-month low price of $12.64 and touched a high of $27.16 over the same period. FTI has an average intraday trading volume of 4.82 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 4.53%, 17.53%, and 29.92% respectively.

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Institutional ownership of TechnipFMC plc (NYSE: FTI) shares accounts for 99.78% of the company’s 432.90M shares outstanding.

It has a market capitalization of $11.34B and a beta (3y monthly) value of 1.66. The stock’s trailing 12-month PE ratio is 216.80, 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 2.21% over the week and 2.59% over the month.

Earnings per share for the fiscal year are expected to increase by 155.16%, and 59.77% 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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