Why TechnipFMC plc (FTI) Stock Could See Much Higher Prices Ahead

TechnipFMC plc (NYSE: FTI) is -4.97% lower on its value in year-to-date trading and has touched a low of $12.04 and a high of $22.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FTI stock was last observed hovering at around $19.25 in the last trading session, with the day’s loss setting it -0.11%.

Currently trading at $19.14, the stock is -1.00% and -2.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.84 million and changing -0.57% at the moment leaves the stock 4.20% off its SMA200. FTI registered 37.50% gain for a year compared to 6-month gain of 3.63%. The firm has a 50-day simple moving average (SMA 50) of $1.31 and a 200-day simple moving average (SMA200) of $16.26.

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The stock witnessed a 3.40% loss in the last 1 month and extending the period to 3 months gives it a -8.07%, and is 1.43% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.98% over the week and 2.51% over the month.

TechnipFMC plc (FTI) has around Nov 20 2023 employees, a market worth around $8.33B and $7.44B in sales. Fwd P/E is 16.68. Profit margin for the company is -0.46%. Distance from 52-week low is 58.97% and -15.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.72%).

TechnipFMC plc quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $1.9B over the same period.The EPS is expected to grow by 1681.36% this year, but quarterly earnings will post 14.70% year-over-year. Quarterly sales are estimated to grow 12.00% in year-over-year returns.

TechnipFMC plc (FTI) Top Institutional Holders

492 institutions hold shares in TechnipFMC plc (FTI), with institutional investors hold 102.03% of the company’s shares. The shares outstanding are 442.20M, and float is at 430.48M with Short Float at 3.12%. Institutions hold 100.90% of the Float.

The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 44.73 million shares valued at $743.44 million. The investor’s holdings represent 10.21% of the FTI Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 35.77 million shares valued at $594.48 million to account for 8.17% of the shares outstanding. The other top investors are Ameriprise Financial, Inc. which holds 22.34 million shares representing 5.10% and valued at over $371.22 million, while JP Morgan Chase & Company holds 4.96% of the shares totaling 21.74 million with a market value of $361.27 million.

TechnipFMC plc (FTI) Insider Activity

A total of 0 insider transactions have happened at TechnipFMC plc (FTI) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by de Carvalho Filho Eleazar ,the company’sDirector. SEC filings show that de Carvalho Filho Eleazar sold 22,208 shares of the company’s common stock on Mar 09 at a price of $15.10 per share for a total of $0.34 million. Following the sale, the insider now owns 0.11 million shares.

TechnipFMC plc (FTI): Who are the competitors?

The company’s main competitors (and peers) include Oil States International Inc. (OIS) that is trading -35.75% down over the past 12 months. MODEC Inc. (MDIKF) that is 55.50% higher over the same period.