The stock price of TechnipFMC plc (NYSE: FTI) has jumped by 1.54 compared to previous close of 25.96. Despite this, the company has seen a fall of -0.90% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-29 that TechnipFMC (FTI) expects revenues for the Subsea unit and the Surface Technologies unit to be in the range of $7.2-$7.6 billion and $1.2-$1.35 billion, respectively, for full-year 2024.
Is It Worth Investing in TechnipFMC plc (NYSE: FTI) Right Now?
TechnipFMC plc (NYSE: FTI) has a higher price-to-earnings ratio of 55.86x compared to its average ratio. FTI has 36-month beta value of 1.62. Analysts have mixed views on the stock, with 16 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 3 as “sell.”
The public float for FTI is 426.46M, and currently, short sellers hold a 2.25% ratio of that float. The average trading volume of FTI on May 07, 2024 was 4.70M shares.
FTI’s Market Performance
The stock of TechnipFMC plc (FTI) has seen a -0.90% decrease in the past week, with a -2.12% drop in the past month, and a 40.21% gain in the past quarter. The volatility ratio for the week is 2.58%, and the volatility levels for the past 30 days are at 2.79% for FTI. The simple moving average for the last 20 days is 1.77% for FTI’s stock, with a simple moving average of 25.37% for the last 200 days.
Analysts’ Opinion of FTI
Many brokerage firms have already submitted their reports for FTI stocks, with TD Cowen repeating the rating for FTI by listing it as a “Outperform.” The predicted price for FTI in the upcoming period, according to TD Cowen is $28 based on the research report published on February 23, 2024 of the current year 2024.
Exane BNP Paribas gave a rating of “Neutral” to FTI, setting the target price at $23.50 in the report published on November 06th of the previous year.
FTI Trading at 6.85% 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 -3.30% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares sank -0.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.43% upper at present.
During the last 5 trading sessions, FTI fell by -0.90%, which changed the moving average for the period of 200-days by +50.89% in comparison to the 20-day moving average, which settled at $25.89. In addition, TechnipFMC plc saw 30.88% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FTI starting from Pferdehirt Douglas J., who sale 1,371,235 shares at the price of $21.85 back on Mar 04 ’24. After this action, Pferdehirt Douglas J. now owns 2,687,307 shares of TechnipFMC plc, valued at $29,961,485 using the latest closing price.
Rounce Justin, the EVP & Chief Technology Officer of TechnipFMC plc, sale 329,469 shares at $21.87 during a trade that took place back on Mar 04 ’24, which means that Rounce Justin is holding 406,598 shares at $7,205,487 based on the most recent closing price.
Stock Fundamentals for FTI
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.12 for the gross margin
The net margin for TechnipFMC plc stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 6.86, with 2.28 for asset returns.
Based on TechnipFMC plc (FTI), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.77. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 2.52.
Currently, EBITDA for the company is 886.9 million with net debt to EBITDA at 1.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.55. The receivables turnover for the company is 3.18for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
To put it simply, TechnipFMC plc (FTI) has had a mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
