FTS International Inc. [AMEX: FTSI] stock went on a downward path that fall over -36.49% on Monday, amounting to a one-week price decrease of less than -46.97%. The company report on August 24, 2020 that FTS International Announces Agreement With Majority of Its Secured Debtholders on Restructuring Support Agreement to Convert Over $400 Million of Debt to Equity.
Company will emerge debt-free, paving the way for future strategic growth.
FTS International, Inc. (NYSE American: FTSI) (“FTSI” or the “Company”) today announced that it has entered into a restructuring support agreement (the “Agreement”) with approximately 75 percent of the holders of the Company’s 6.250% senior secured notes due 2022 (the “Secured Notes”) and approximately 64 percent of the Company’s secured debt claims. The Agreement outlines a comprehensive restructuring that will deleverage the Company’s balance sheet by $437.3 million and provide it with the financial flexibility to deliver results-oriented and innovative well completion solutions to its customers. Importantly, the Agreement contemplates that the Company’s vendors, suppliers, and customers will remain unaffected by the transaction.
Over the last 12 months, FTSI stock dropped by -93.94%. The average equity rating for FTSI stock is currently 3.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $18.55 million, with 5.38 million shares outstanding and 3.61 million shares in the current float. Compared to the average trading volume of 190.71K shares, FTSI stock reached a trading volume of 1163178 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on FTS International Inc. [FTSI]:
Barclays have made an estimate for FTS International Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 19, 2020. The new note on the price target was released on March 16, 2020, representing the official price target for FTS International Inc. stock. On March 10, 2020, analysts decreased their price target for FTSI shares from 3 to 1.
The Average True Range (ATR) for FTS International Inc. is set at 0.80, with the Price to Sales ratio for FTSI stock in the period of the last 12 months amounting to 0.04. Price to Free Cash Flow for FTSI in the course of the last twelve months was 0.48 with Quick ratio for the last quarter at 1.80.
FTSI Stock Performance Analysis:
FTS International Inc. [FTSI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -46.97. With this latest performance, FTSI shares dropped by -55.00% in over the last four-week period, additionally sinking by -84.71% over the last 6 months – not to mention a drop of -93.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTSI stock in for the last two-week period is set at 17.39, with the RSI for the last a single of trading hit 10.53, and the three-weeks RSI is set at 28.09 for FTS International Inc. [FTSI]. The present Moving Average for the last 50 days of trading for this stock 6.79, while it was recorded at 5.00 for the last single week of trading, and 11.81 for the last 200 days.
Insight into FTS International Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and FTS International Inc. [FTSI] shares currently have an operating margin of -5.32 and a Gross Margin at +13.87. FTS International Inc.’s Net Margin is presently recorded at -9.39.
Return on Total Capital for FTSI is now -7.29, given the latest momentum, and Return on Invested Capital for the company is -13.03. Return on Equity for this stock declined to -100.83, with Return on Assets sitting at -10.54. When it comes to the capital structure of this company, FTS International Inc. [FTSI] has a Total Debt to Total Equity ratio set at 1,286.74. Additionally, FTSI Total Debt to Total Capital is recorded at 92.79, with Total Debt to Total Assets ending up at 75.88. Long-Term Debt to Equity for the company is recorded at 1,248.81, with the Long-Term Debt to Total Capital now at 90.05.
Reflecting on the efficiency of the workforce at the company, FTS International Inc. [FTSI] managed to generate an average of -$58,320 per employee. Receivables Turnover for the company is 6.60 with a Total Asset Turnover recorded at a value of 1.12.FTS International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.10.
FTSI Stock EPS
With the latest financial reports released by the company, FTS International Inc. posted -2.6/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1,338.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTSI.
FTS International Inc. [FTSI] Insider Position Details
There are presently around $8 million, or 59.70% of FTSI stock, in the hands of institutional investors. The top three institutional holders of FTSI stocks are: TEMASEK HOLDINGS (PRIVATE) LTD with ownership of 2,080,857, which is approximately 0% of the company’s market cap and around 21.08% of the total institutional ownership; Q GLOBAL ADVISORS, LLC, holding 89,999 shares of the stock with an approximate value of $0.28 million in FTSI stocks shares; and BRIDGEWAY CAPITAL MANAGEMENT INC, currently with $0.27 million in FTSI stock with ownership of nearly New of the company’s market capitalization.
Positions in FTS International Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 8 institutional holders increased their position in FTS International Inc. [AMEX:FTSI] by around 182,018 shares. Additionally, 52 investors decreased positions by around 457,094 shares, while 6 investors held positions by with 1,929,659 shares. The mentioned changes placed institutional holdings at 2,568,771 shares, according to the latest SEC report filing. FTSI stock had 5 new institutional investments in for a total of 158,589 shares, while 37 institutional investors sold positions of 197,832 shares during the same period.