The stock of TechnipFMC plc (FTI) has gone up by 9.38% for the week, with a 7.29% rise in the past month and a 11.34% rise in the past quarter. The volatility ratio for the week is 2.69%, and the volatility levels for the past 30 days are 2.48% for FTI. The simple moving average for the last 20 days is 8.94% for FTI’s stock, with a simple moving average of 15.04% for the last 200 days.
Is It Worth Investing in TechnipFMC plc (NYSE: FTI) Right Now?
TechnipFMC plc (NYSE: FTI) has a higher price-to-earnings ratio of 19.18x compared to its average ratio. FTI has 36-month beta value of 1.55. 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.”
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The public float for FTI is 420.92M, and currently, short sellers hold a 1.53% ratio of that float. The average trading volume of FTI on November 13, 2024 was 3.60M shares.
FTI) stock’s latest price update
The stock price of TechnipFMC plc (NYSE: FTI) has jumped by 0.48 compared to previous close of 29.01. Despite this, the company has seen a gain of 9.38% in its stock price over the last five trading days. businesswire.com reported 2024-11-07 that NEWCASTLE & HOUSTON–(BUSINESS WIRE)–TechnipFMC (NYSE: FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will speak at the BofA Securities Global Energy Conference on Wednesday, November 13, 2024, at 8:50 a.m. CT in Houston, TX. The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event. An audio replay of the webcast will be available on this we.
Analysts’ Opinion of FTI
Many brokerage firms have already submitted their reports for FTI stocks, with HSBC Securities repeating the rating for FTI by listing it as a “Buy.” The predicted price for FTI in the upcoming period, according to HSBC Securities is $32 based on the research report published on October 29, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see FTI reach a price target of $37, previously predicting the price at $35. The rating they have provided for FTI stocks is “Buy” according to the report published on October 25th, 2024.
TD Cowen gave a rating of “Outperform” to FTI, setting the target price at $28 in the report published on February 23rd of the current year.
FTI Trading at 10.70% 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 -2.35% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares surge +10.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.36% upper at present.
During the last 5 trading sessions, FTI rose by +9.38%, which changed the moving average for the period of 200-days by +42.89% in comparison to the 20-day moving average, which settled at $26.76. In addition, TechnipFMC plc saw 44.74% 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:
- 0.1 for the present operating margin
- 0.19 for the gross margin
The net margin for TechnipFMC plc stands at 0.08. The total capital return value is set at 0.17. Equity return is now at value 21.22, with 6.98 for asset returns.
Based on TechnipFMC plc (FTI), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 1.1. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 8.43.
Currently, EBITDA for the company is 886.9 million with net debt to EBITDA at 0.1. 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 3.14for 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 1.14.
Conclusion
To put it simply, TechnipFMC plc (FTI) has had a better 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.
