TechnipFMC plc [FTI] is 0.62% higher this YTD. Is it still time to buy?

TechnipFMC plc [NYSE: FTI] gained 3.32% on the last trading session, reaching $7.46 price per share at the time. The company report on July 13, 2021 that EDP, TechnipFMC and Partners Join Forces to Develop a Concept Study for Green Hydrogen Production From Offshore Wind Power.

Regulatory News:.

EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research partners are joining forces to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power, called the BEHYOND project. The study will include innovative integration of equipment for the production and conditioning of green hydrogen and infrastructure that allows for its transportation to the coast. The goal is to create a unique concept that can be standardized and implemented worldwide, allowing for large-scale hydrogen production.

TechnipFMC plc represents 449.70 million in outstanding shares, while the company has a total market value of $3.43 billion with the latest information. FTI stock price has been found in the range of $7.11 to $7.60.

If compared to the average trading volume of 6.27M shares, FTI reached a trading volume of 9486384 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $10.12 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.

Cowen have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 17, 2021. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on April 01, 2021, representing the official price target for TechnipFMC plc stock.

The Average True Range (ATR) for TechnipFMC plc is set at 0.42, 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 0.92, with the Price to Cash per share for the same quarter was set at 4.42. Price to Free Cash Flow for FTI in the course of the last twelve months was 5.57 with Quick ratio for the last quarter at 1.30.

Trading performance analysis for FTI stock

TechnipFMC plc [FTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.34. With this latest performance, FTI shares dropped by -14.65% in over the last four-week period, additionally sinking by -19.30% over the last 6 months – not to mention a rise of 24.45% 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 32.54, with the RSI for the last a single of trading hit 27.67, and the three-weeks RSI is set at 37.04 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 8.87, while it was recorded at 7.61 for the last single week of trading, and 8.60 for the last 200 days.

TechnipFMC plc [FTI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and TechnipFMC plc [FTI] shares currently have an operating margin of +5.10 and a Gross Margin at +14.14. TechnipFMC plc’s Net Margin is presently recorded at -25.04.

Return on Total Capital for FTI is now 5.88, given the latest momentum, and Return on Invested Capital for the company is -31.80. Return on Equity for this stock declined to -55.66, with Return on Assets sitting at -15.22. When it comes to the capital structure of this company, TechnipFMC plc [FTI] has a Total Debt to Total Equity ratio set at 126.39. Additionally, FTI Total Debt to Total Capital is recorded at 55.83, with Total Debt to Total Assets ending up at 26.66. Long-Term Debt to Equity for the company is recorded at 101.07, with the Long-Term Debt to Total Capital now at 44.64.

Reflecting on the efficiency of the workforce at the company, TechnipFMC plc [FTI] managed to generate an average of -$93,701 per employee. Receivables Turnover for the company is 2.82 with a Total Asset Turnover recorded at a value of 0.61.TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.60.

TechnipFMC plc [FTI]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at TechnipFMC plc [FTI]

There are presently around $2,671 million, or 89.10% of FTI stock, in the hands of institutional investors. The top three institutional holders of FTI stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 25,132,583, which is approximately 3088.265% 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 $184.18 million in FTI stocks shares; and VANGUARD GROUP INC, currently with $176.85 million in FTI stock with ownership of nearly -21.498% of the company’s market capitalization.

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Positions in TechnipFMC plc stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 126 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 92,819,493 shares. Additionally, 191 investors decreased positions by around 88,063,030 shares, while 37 investors held positions by with 177,212,625 shares. The mentioned changes placed institutional holdings at 358,095,148 shares, according to the latest SEC report filing. FTI stock had 50 new institutional investments in for a total of 16,698,533 shares, while 96 institutional investors sold positions of 23,441,889 shares during the same period.

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