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TechnipFMC plc (FTI) Stock Could Soon Reward Patient Investors

TechnipFMC plc (NYSE: FTI) is 30.88% higher on its value in year-to-date trading and has touched a low of $12.64 and a high of $25.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FTI stock was last observed hovering at around $25.49 in the last trading session, with the day’s gains setting it 0.87%.

Currently trading at $26.36, the stock is 10.46% and 22.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.61 million and changing 3.41% at the moment leaves the stock 32.69% off its SMA200. FTI registered 94.25% gain for a year compared to 6-month gain of 29.60%. The firm has a 50-day simple moving average (SMA 50) of $1.60 and a 200-day simple moving average (SMA200) of $17.73.

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The stock witnessed a 16.74% loss in the last 1 month and extending the period to 3 months gives it a 30.88%, and is 4.03% 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 3.13% over the week and 2.82% over the month.

TechnipFMC plc (FTI) has around 25027 employees, a market worth around $11.41B and $7.81B in sales. Current P/E ratio is 218.21 and Fwd P/E is 14.40. Profit margin for the company is 0.72%. Distance from 52-week low is 108.54% and 2.53% from its 52-week high. The company has generated returns on investments over the last 12 months (1.17%).

TechnipFMC plc quarterly earnings per share for the current quarter are estimated at $0.16 with sales reaching $1.99B over the same period.The EPS is expected to grow by 155.41% this year, but quarterly earnings will post 11.50% year-over-year. Quarterly sales are estimated to grow 15.60% in year-over-year returns.

TechnipFMC plc (FTI) Top Institutional Holders

515 institutions hold shares in TechnipFMC plc (FTI), with institutional investors hold 100.20% of the company’s shares. The shares outstanding are 432.90M, and float is at 428.17M with Short Float at 2.17%. Institutions hold 99.25% 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

The most recent transaction is an insider sale by Pferdehirt Douglas J.,the company’sChair and CEO. SEC filings show that Pferdehirt Douglas J. sold 1,371,235 shares of the company’s common stock on Mar 04 ’24 at a price of $21.85 per share for a total of $29.96 million. Following the sale, the insider now owns 2.69 million shares.

TechnipFMC plc disclosed in a document filed with the SEC on Mar 04 ’24 that Rounce Justin (EVP & Chief Technology Officer) sold a total of 329,469 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $21.87 per share for $7.21 million. Following the transaction, the insider now directly holds 0.41 million shares of the FTI stock.

Still, SEC filings show that on Mar 04 ’24, Melin Alf (EVP & Chief Financial Officer) disposed off 251,947 shares at an average price of $21.87 for $5.51 million. The insider now directly holds 147,446 shares of TechnipFMC plc (FTI).

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