TechnipFMC plc [FTI] Stock trading around $6.94 per share: What’s Next?

TechnipFMC plc [NYSE: FTI] stock went on a downward path that fall over -4.67% on Tuesday, amounting to a one-week price decrease of less than -4.41%. The company report on April 21, 2021 that TechnipFMC Awarded a Significant Subsea Contract for Petrobras’ Marlim and Voador Fields.

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TechnipFMC (NYSE: FTI) (PARIS: FTI) announced that it has been awarded a significant(1) subsea contract from Petrobras (NYSE: PBR) for the Marlim and Voador fields, located offshore Brazil.

TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes associated tools, spares and services.

Over the last 12 months, FTI stock rose by 15.02%. The one-year TechnipFMC plc stock forecast points to a potential upside of 33.52. The average equity rating for FTI stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $3.15 billion, with 449.60 million shares outstanding and 446.38 million shares in the current float. Compared to the average trading volume of 13.24M shares, FTI stock reached a trading volume of 9484406 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $10.44 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.

BTIG Research have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 01, 2021. The new note on the price target was released on March 18, 2021, representing the official price target for TechnipFMC plc stock.

The Average True Range (ATR) for TechnipFMC plc is set at 0.31, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 0.24. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 10.74. Price to Free Cash Flow for FTI in the course of the last twelve months was 8.63 with Quick ratio for the last quarter at 1.00.

FTI Stock Performance Analysis:

TechnipFMC plc [FTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.41. With this latest performance, FTI shares dropped by -11.37% in over the last four-week period, additionally plugging by 27.89% over the last 6 months – not to mention a rise of 15.02% 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 34.96, with the RSI for the last a single of trading hit 29.23, and the three-weeks RSI is set at 37.24 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 8.17, while it was recorded at 7.26 for the last single week of trading, and 8.27 for the last 200 days.

Insight into TechnipFMC plc Fundamentals:

TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.

FTI Stock EPS

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 Position Details

There are presently around $2,376 million, or 85.20% 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 1.10% of the total institutional ownership; BPIFRANCE SA, holding 24,688,691 shares of the stock with an approximate value of $171.34 million in FTI stocks shares; and PZENA INVESTMENT MANAGEMENT LLC, currently with $171.22 million in FTI stock with ownership of nearly 0.95% of the company’s market capitalization.

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171 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 37,413,449 shares. Additionally, 128 investors decreased positions by around 44,142,321 shares, while 45 investors held positions by with 260,846,649 shares. The mentioned changes placed institutional holdings at 342,402,419 shares, according to the latest SEC report filing. FTI stock had 60 new institutional investments in for a total of 6,404,588 shares, while 36 institutional investors sold positions of 4,678,157 shares during the same period.

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