TechnipFMC plc (NYSE: FTI) is 28.60% higher on its value in year-to-date trading and has touched a low of $17.74 and a high of $29.85 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 $26.93 in the last trading session, with the day’s loss setting it -1.03%.
Currently trading at $25.90, the stock is -4.90% and -2.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing -3.82% at the moment leaves the stock 10.25% off its SMA200. FTI registered 41.76% gain for a year compared to 6-month gain of 29.89%.
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The stock witnessed a -7.53% loss in the last 1 month and extending the period to 3 months gives it a -3.79%, and is -1.11% down 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 2.37% over the week and 3.28% over the month.
TechnipFMC plc (FTI) has around 25027 employees, a market worth around $11.09B and $8.48B in sales. Current P/E ratio is 23.68 and Fwd P/E is 13.93. Profit margin for the company is 5.74%. Distance from 52-week low is 46.00% and -13.23% from its 52-week high. The company has generated returns on investments over the last 12 months (11.27%).
The EPS is expected to grow by 196.03% this year.
TechnipFMC plc (FTI) Top Institutional Holders
557.0 institutions hold shares in TechnipFMC plc (FTI), with institutional investors hold 97.26% of the company’s shares. The shares outstanding are 432.90M, and float is at 423.49M with Short Float at 1.66%. Institutions hold 96.33% of the Float.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 40.59 million shares valued at $1.02 billion. The investor’s holdings represent 9.3623 of the FTI Shares outstanding. As of 2024-03-31, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 40.5 million shares valued at $1.02 billion to account for 9.3395 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 40.05 million shares representing 9.2366 and valued at over $1.01 billion, while FMR LLC holds 6.0267 of the shares totaling 26.13 million with a market value of $656.17 million.
TechnipFMC plc (FTI) Insider Activity
The most recent transaction is an insider sale by Light David, the company’s SVP & Chief Accounting Officer. SEC filings show that Light David sold 5,928 shares of the company’s common stock on Jun 26 ’24 at a price of $25.81 per share for a total of $0.15 million. Following the sale, the insider now owns 11534.0 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 01 ’24, Conti Thierry (President, Surface) disposed off 9,871 shares at an average price of $21.98 for $0.22 million. The insider now directly holds 81,818 shares of TechnipFMC plc (FTI).
