TechnipFMC plc (NYSE: FTI) is 44.04% higher on its value in year-to-date trading and has touched a low of $18.33 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 $28.77 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $29.01, the stock is 8.99% and 10.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 0.83% at the moment leaves the stock 14.68% off its SMA200. FTI registered 38.80% gain for a year compared to 6-month gain of 9.80%. The firm has a 50-day simple moving average (SMA 50) of $26.2148 and a 200-day simple moving average (SMA200) of $25.25375.
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The stock witnessed a 4.92% loss in the last 1 month and extending the period to 3 months gives it a 10.77%, and is 9.93% 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 2.67% over the week and 2.54% over the month.
TechnipFMC plc (FTI) has around 25027 employees, a market worth around $12.43B and $8.78B in sales. Current P/E ratio is 19.09 and Fwd P/E is 14.40. Profit margin for the company is 7.65%. Distance from 52-week low is 58.31% and -2.81% from its 52-week high. The company has generated returns on investments over the last 12 months (14.36%).
with sales reaching $2.28B over the same period.The EPS is expected to grow by 254.67% this year, but quarterly earnings will post 15.00% year-over-year. Quarterly sales are estimated to grow 9.50% in year-over-year returns.
TechnipFMC plc (FTI) Top Institutional Holders
574.0 institutions hold shares in TechnipFMC plc (FTI), with institutional investors hold 97.09% of the company’s shares. The shares outstanding are 432.90M, and float is at 420.92M with Short Float at 1.75%. Institutions hold 96.16% of the Float.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 49.64 million shares valued at $1.3 billion. The investor’s holdings represent 11.4483% of the FTI Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 39.99 million shares valued at $1.05 billion to account for 9.2222 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 39.66 million shares representing 9.1471% and valued at over $1.04 billion, while JPMORGAN CHASE & CO holds 5.3649 of the shares totaling 23.26 million with a market value of $608.31 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).
