In the past week, FTI stock has gone down by -4.27%, with a monthly decline of -0.29% and a quarterly surge of 12.61%. The volatility ratio for the week is 2.87%, and the volatility levels for the last 30 days are 3.08% for TechnipFMC plc The simple moving average for the past 20 days is -2.99% for FTI’s stock, with a 23.58% simple moving average for the past 200 days.
Is It Worth Investing in TechnipFMC plc (NYSE: FTI) Right Now?
Additionally, the 36-month beta value for FTI is 1.69. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for FTI is $25.88, which is $5.25 above the current price. The public float for FTI is 430.45M and currently, short sellers hold a 5.12% ratio of that float. The average trading volume of FTI on November 20, 2023 was 5.78M shares.
FTI) stock’s latest price update
TechnipFMC plc (NYSE: FTI) has seen a rise in its stock price by 2.43 in relation to its previous close of 20.14. However, the company has experienced a -4.27% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-10-31 that TechnipFMC (FTI) expects free cash flow in the band of $225-$375 million. It also projects capital expenditure of $250 million for 2023.
Analysts’ Opinion of FTI
Many brokerage firms have already submitted their reports for FTI stocks, with Exane BNP Paribas repeating the rating for FTI by listing it as a “Neutral.” The predicted price for FTI in the upcoming period, according to Exane BNP Paribas is $23.50 based on the research report published on November 06, 2023 of the current year 2023.
FTI Trading at -0.78% from the 50-Day Moving Average
After a stumble in the market that brought FTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.44% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +0.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.90% lower at present.
During the last 5 trading sessions, FTI fell by -4.27%, which changed the moving average for the period of 200-days by +58.57% in comparison to the 20-day moving average, which settled at $21.27. In addition, TechnipFMC plc saw 69.24% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FTI starting from de Carvalho Filho Eleazar, who sale 22,208 shares at the price of $15.10 back on Mar 09. After this action, de Carvalho Filho Eleazar now owns 107,092 shares of TechnipFMC plc, valued at $335,341 using the latest closing price.
Landes Jonathan, the President Subsea of TechnipFMC plc, sale 10,400 shares at $12.00 during a trade that took place back on Dec 29, which means that Landes Jonathan is holding 138,545 shares at $124,800 based on the most recent closing price.
Stock Fundamentals for FTI
Current profitability levels for the company are sitting at:
- +3.53 for the present operating margin
- +13.75 for the gross margin
The net margin for TechnipFMC plc stands at -0.92. The total capital return value is set at 3.99, while invested capital returns managed to touch -1.15. Equity return is now at value -0.76, with -0.25 for asset returns.
Based on TechnipFMC plc (FTI), the company’s capital structure generated 70.73 points at debt to equity in total, while total debt to capital is 41.43. Total debt to assets is 24.27, with long-term debt to equity ratio resting at 53.59. Finally, the long-term debt to capital ratio is 31.39.
When we switch over and look at the enterprise to sales, we see a ratio of 1.37, with the company’s debt to enterprise value settled at 0.34. The receivables turnover for the company is 2.81 and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
In conclusion, TechnipFMC plc (FTI) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.