TechnipFMC plc (NYSE: FTI) is -12.58% lower on its value in year-to-date trading and has touched a low of $21.78 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 $26.67 in the last trading session, with the day’s loss setting it -1.37%.
Currently trading at $25.30, the stock is -12.59% and -16.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.81 million and changing -5.14% at the moment leaves the stock -9.02% off its SMA200. FTI registered 17.18% gain for a year compared to 6-month gain of 0.44%.
The stock witnessed a -17.94% loss in the last 1 month and extending the period to 3 months gives it a -19.09%, and is -10.28% 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 4.85% over the week and 3.64% over the month.
TechnipFMC plc (FTI) has around 25304 employees, a market worth around $10.64B and $9.08B in sales. Current P/E ratio is 13.20 and Fwd P/E is 10.12. Profit margin for the company is 9.28%. Distance from 52-week low is 16.16% and -24.36% 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 13.89% this year, but quarterly earnings will post 8.90% year-over-year. Quarterly sales are estimated to grow 10.69% 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
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.
