TechnipFMC plc (NYSE: FTI) is 41.56% 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 $28.18 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $28.51, the stock is 4.71% and 7.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.72 million and changing 1.17% at the moment leaves the stock 11.72% off its SMA200. FTI registered 41.56% gain for a year compared to 6-month loss of 5.91%. The firm has a 50-day simple moving average (SMA 50) of $26.5368 and a 200-day simple moving average (SMA200) of $25.47195.
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The stock witnessed a 11.37% gain in the last 1 month and extending the period to 3 months gives it a 10.08%, and is -1.72% 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 2.49% over the week and 2.58% over the month.
TechnipFMC plc (FTI) has around 25027 employees, a market worth around $12.00B and $8.78B in sales. Current P/E ratio is 18.76 and Fwd P/E is 14.17. Profit margin for the company is 7.65%. Distance from 52-week low is 55.58% and -4.49% from its 52-week high. The company has generated returns on investments over the last 12 months (14.36%).
The EPS is expected to grow by 259.26% this year.
TechnipFMC plc (FTI) Top Institutional Holders
588.0 institutions hold shares in TechnipFMC plc (FTI), with institutional investors hold 98.53% of the company’s shares. The shares outstanding are 432.90M, and float is at 420.89M with Short Float at 1.53%. Institutions hold 97.58% 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).
