TechnipFMC plc [FTI] Is Currently 1.92 below its 200 Period Moving Avg: What Does This Mean?

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TechnipFMC plc [NYSE: FTI] price surged by 1.92 percent to reach at $0.12. The company report on November 18, 2021 that TechnipFMC Commences Tender Offer For Up To $100 Million Principal Amount of Notes.

TechnipFMC plc (NYSE: FTI) (PARIS: FTI) (the “Company”) announced that it has commenced a tender offer (the “Tender Offer”) for up to $100 million aggregate principal amount (the “Maximum Tender Amount”) of its (i) 6.500% Senior Notes due February 1, 2026 (the “2026 Notes”); (ii) 5.75% Notes due June 30, 2025 (the “2025 Notes”); (iii) 3.15% Notes due October 16, 2023 (the “2023 Series A Notes”); and (iv) 3.15% Notes due October 18, 2023 (the “2023 Series B Notes” and, collectively with the 2023 Series A Notes, the “2023 Notes”, and, collectively with the 2026 Notes and the 2025 Notes, the “Notes”).


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The terms and conditions of the Tender Offer are set forth in an Offer to Purchase (the “Offer to Purchase”), dated November 18, 2021. The Company intends to fund the Tender Offer with cash on hand.

A sum of 4189632 shares traded at recent session while its average daily volume was at 5.44M shares. TechnipFMC plc shares reached a high of $6.525 and dropped to a low of $6.33 until finishing in the latest session at $6.37.

The one-year FTI stock forecast points to a potential upside of 35.26. The average equity rating for FTI stock is currently 2.40, trading closer to a bullish pattern in the stock market.

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 $9.84 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 2.40. 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.

Evercore ISI have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 15, 2021. The new note on the price target was released on November 15, 2021, representing the official price target for TechnipFMC plc stock. Previously, the target price had yet another raise from $9.60 to $10, while Piper Sandler kept a Overweight rating on FTI stock. On June 17, 2021, analysts increased their price target for FTI shares from 11 to 12.

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 0.36. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 3.30. Price to Free Cash Flow for FTI in the course of the last twelve months was 4.44 with Quick ratio for the last quarter at 1.20.

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 -12.14. With this latest performance, FTI shares dropped by -17.81% in over the last four-week period, additionally sinking by -22.32% over the last 6 months – not to mention a drop of -8.85% 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 35.67, with the RSI for the last a single of trading hit 32.36, and the three-weeks RSI is set at 38.81 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 7.37, while it was recorded at 6.42 for the last single week of trading, and 7.83 for the last 200 days.

Insight into TechnipFMC plc Fundamentals:

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 1.20 and a Current Ratio set at 1.50.

FTI Stock EPS

With the latest financial reports released by the company, TechnipFMC plc posted 0.16/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 -27.30%. 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%.

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TechnipFMC plc [FTI] Insider Position Details

There are presently around $2,549 million, or 94.20% 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 44,578,045, which is approximately 14.823% of the company’s market cap and around 1.02% of the total institutional ownership; BPIFRANCE SA, holding 24,688,691 shares of the stock with an approximate value of $157.27 million in FTI stocks shares; and VANGUARD GROUP INC, currently with $148.62 million in FTI stock with ownership of nearly 0.295% of the company’s market capitalization.

Positions in TechnipFMC plc stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 108 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 42,737,681 shares. Additionally, 126 investors decreased positions by around 32,508,506 shares, while 44 investors held positions by with 324,897,578 shares. The mentioned changes placed institutional holdings at 400,143,765 shares, according to the latest SEC report filing. FTI stock had 27 new institutional investments in for a total of 5,057,903 shares, while 35 institutional investors sold positions of 4,254,492 shares during the same period.

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