TechnipFMC plc (NYSE: FTI)’s stock price has dropped by -0.70 in relation to previous closing price of 25.60. Nevertheless, the company has seen a loss of -6.44% in its stock price over the last five trading days. zacks.com reported 2024-10-18 that FCN’s third-quarter 2024 revenues are expected to increase year over year.
Is It Worth Investing in TechnipFMC plc (NYSE: FTI) Right Now?
The price-to-earnings ratio for TechnipFMC plc (NYSE: FTI) is above average at 23.24x. The 36-month beta value for FTI is also noteworthy at 1.54. There are mixed opinions on the stock, with 16 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 rating it as “hold,” and 3 rating it as “sell.”
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The public float for FTI is 423.85M, and at present, short sellers hold a 2.09% of that float. The average trading volume of FTI on October 22, 2024 was 3.86M shares.
FTI’s Market Performance
FTI’s stock has seen a -6.44% decrease for the week, with a -6.61% drop in the past month and a -10.02% fall in the past quarter. The volatility ratio for the week is 2.14%, and the volatility levels for the past 30 days are at 2.77% for TechnipFMC plc The simple moving average for the last 20 days is -4.97% for FTI’s stock, with a simple moving average of 2.78% 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 -2.91% 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 -14.84% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.14%, as shares sank -7.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.16% lower at present.
During the last 5 trading sessions, FTI fell by -6.44%, which changed the moving average for the period of 200-days by +29.96% in comparison to the 20-day moving average, which settled at $26.75. In addition, TechnipFMC plc saw 26.22% 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 1.42. 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
In summary, TechnipFMC plc (FTI) has had a mixed performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others 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.
