TechnipFMC plc (NYSE: FTI) is -2.56% lower on its value in year-to-date trading and has touched a low of $21.36 and a high of $33.45 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 $29.44 in the last trading session, with the day’s loss setting it -1.24%.
Currently trading at $28.20, the stock is -6.19% and -7.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.22 million and changing -4.21% at the moment leaves the stock 1.38% off its SMA200. FTI registered 28.71% gain for a year compared to 6-month gain of 5.34%.
The stock witnessed a -7.84% loss in the last 1 month and extending the period to 3 months gives it a -9.15%, and is -1.43% 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 4.44% over the week and 3.26% over the month.
TechnipFMC plc (FTI) has around 25304 employees, a market worth around $11.86B and $9.08B in sales. Current P/E ratio is 14.71 and Fwd P/E is 11.19. Profit margin for the company is 9.28%. Distance from 52-week low is 32.02% and -15.70% from its 52-week high. The company has generated returns on investments over the last 12 months (19.09%).
with sales reaching $2.26B over the same period.The EPS is expected to grow by 14.02% this year, but quarterly earnings will post 8.96% year-over-year. Quarterly sales are estimated to grow 10.66% in year-over-year returns.
TechnipFMC plc (FTI) Top Institutional Holders
The shares outstanding are 423.10M, and float is at 413.14M with Short Float at 1.78%.
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 9.2951 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 5.4073 of the shares totaling 23.26 million with a market value of $608.31 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 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 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).
TechnipFMC plc (FTI): Who are the competitors?
The company’s main competitors (and peers) include Oil States International Inc. (OIS) that is trading -5.91% down over the past 12 months. MODEC Inc. (MDIKF) that is -13.77% lower over the same period.
