The stock price of TechnipFMC plc (NYSE: FTI) has surged by 1.19 when compared to previous closing price of 25.26, but the company has seen a -6.10% decline in its stock price over the last five trading sessions. zacks.com reported 2024-09-26 that Considering OPEC’s optimistic oil demand growth forecast, we recommend buying stocks like CLB, FTI and TUWOY.
Is It Worth Investing in TechnipFMC plc (NYSE: FTI) Right Now?
The price-to-earnings ratio for TechnipFMC plc (NYSE: FTI) is 23.37x, which is above its average ratio. Moreover, the 36-month beta value for FTI is 1.53. Analysts have varying opinions on the stock, with 16 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 3 as “sell.”
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The public float for FTI is 423.85M and currently, short sellers hold a 2.32% of that float. On September 30, 2024, FTI’s average trading volume was 3.97M shares.
FTI’s Market Performance
FTI stock saw a decrease of -6.10% in the past week, with a monthly decline of -4.52% and a quarterly a decrease of -2.26%. The volatility ratio for the week is 3.16%, and the volatility levels for the last 30 days are 2.99% for TechnipFMC plc (FTI). The simple moving average for the past 20 days is 0.32% for FTI’s stock, with a 5.84% simple moving average for the past 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 -3.40% 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 -14.37% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares sank -4.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.53% lower at present.
During the last 5 trading sessions, FTI fell by -6.10%, which changed the moving average for the period of 200-days by +34.60% in comparison to the 20-day moving average, which settled at $25.41. In addition, TechnipFMC plc saw 26.91% 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 Light David, who sale 5,928 shares at the price of $25.81 back on Jun 26 ’24. After this action, Light David now owns 11,534 shares of TechnipFMC plc, valued at $153,002 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:
- 0.08 for the present operating margin
- 0.16 for the gross margin
The net margin for TechnipFMC plc stands at 0.06. The total capital return value is set at 0.14. Equity return is now at value 16.03, with 5.16 for asset returns.
Based on TechnipFMC plc (FTI), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.85. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 6.3.
Currently, EBITDA for the company is 886.9 million with net debt to EBITDA at 1.05. When we switch over and look at the enterprise to sales, we see a ratio of 1.43. The receivables turnover for the company is 3.2for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
To wrap up, the performance of TechnipFMC plc (FTI) has been mixed in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. 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.
