Is There More Upside Ahead For TechnipFMC plc (NYSE: FTI)

TechnipFMC plc (FTI) concluded trading on Wednesday at a closing price of $25.16, with 7.21 million shares of worth about $181.53 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.18% during that period and on October 23, 2024 the price saw a loss of about -1.72%. Currently the company’s common shares owned by public are about 432.90M shares, out of which, 423.85M shares are available for trading.

Stock saw a price change of -5.02% in past 5 days and over the past one month there was a price change of -9.50%. Year-to-date (YTD), FTI shares are showing a performance of 24.93% which increased to 21.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.33 but also hit the highest price of $29.85 during that period. The average intraday trading volume for TechnipFMC plc shares is 3.86 million. The stock is currently trading -5.26% below its 20-day simple moving average (SMA20), while that difference is down -3.78% for SMA50 and it goes to 1.49% higher than SMA200.

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TechnipFMC plc (NYSE: FTI) currently have 432.90M outstanding shares and institutions hold larger chunk of about 95.36% of that.

The stock has a current market capitalization of $10.78B and its 3Y-monthly beta is at 1.54. PE ratio of stock for trailing 12 months is 23.00, while it has posted earnings per share of $1.09 in the same period. Its PEG reads 1.35 and has Quick Ratio of 0.82 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 2.49% while standing at 2.83% over the month.

Stock’s fiscal year EPS is expected to rise by 202.79% while it is estimated to increase by 37.23% 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.

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