TechnipFMC plc [FTI] Stock trading around $8.42 per share: What’s Next?

TechnipFMC plc [NYSE: FTI] closed the trading session at $8.42 on 03/01/21. The day’s price range saw the stock hit a low of $8.145, while the highest price level was $8.43. The company report on February 25, 2021 that TechnipFMC Plc to Host Earnings Call.

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TechnipFMC Plc (SAO:T1EC34) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 25, 2021 at 8:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/74088.

The stocks have a year to date performance of 13.57 percent and weekly performance of 16.62 percent. The stock has been moved at 40.46 percent over the last six months. The stock has performed -2.51 percent around the most recent 30 days and changed 17.83 percent over the most recent 3-months.

If compared to the average trading volume of 13.81M shares, FTI reached to a volume of 11614049 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about TechnipFMC plc [FTI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTI shares is $11.63 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTI stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on March 01, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $10 to $7. The new note on the price target was released on February 22, 2021, representing the official price target for TechnipFMC plc stock.

The Average True Range (ATR) for TechnipFMC plc is set at 0.55, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 9.35. Price to Free Cash Flow for FTI in the course of the last twelve months was 35.91 with Quick ratio for the last quarter at 0.90.

FTI stock trade performance evaluation

TechnipFMC plc [FTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.62. With this latest performance, FTI shares dropped by -2.51% in over the last four-week period, additionally plugging by 40.46% over the last 6 months – not to mention a drop of -28.07% 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 FTI stock in for the last two-week period is set at 54.33, with the RSI for the last a single of trading hit 45.71, and the three-weeks RSI is set at 43.74 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 10.04, while it was recorded at 7.97 for the last single week of trading, and 8.22 for the last 200 days.

TechnipFMC plc [FTI]: An insightful look at the core fundamentals

TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for TechnipFMC plc [FTI] stock

With the latest financial reports released by the company, TechnipFMC plc posted -0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -150.00%. 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 FTI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TechnipFMC plc go to -2.90%.

TechnipFMC plc [FTI]: Insider Ownership positions

There are presently around $2,763 million, or 84.30% of FTI stock, in the hands of institutional investors. The top three institutional holders of FTI stocks are: VANGUARD GROUP INC with ownership of 30,198,969, which is approximately 0.541% of the company’s market cap and around 0.80% of the total institutional ownership; BPIFRANCE SA, holding 24,688,691 shares of the stock with an approximate value of $207.88 million in FTI stocks shares; and PZENA INVESTMENT MANAGEMENT LLC, currently with $207.73 million in FTI stock with ownership of nearly 0.95% of the company’s market capitalization.

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177 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 33,921,752 shares. Additionally, 130 investors decreased positions by around 43,999,358 shares, while 43 investors held positions by with 250,248,427 shares. The mentioned changes placed institutional holdings at 328,169,537 shares, according to the latest SEC report filing. FTI stock had 61 new institutional investments in for a total of 6,369,533 shares, while 36 institutional investors sold positions of 4,467,603 shares during the same period.

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