TechnipFMC plc [FTI] moved down -4.49: Why It’s Important

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TechnipFMC plc [NYSE: FTI] loss -4.49% or -0.31 points to close at $6.59 with a heavy trading volume of 17719874 shares. The company report on June 20, 2022 that TechnipFMC Announces Second Quarter 2022 Earnings Release and Conference Call.


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TechnipFMC (NYSE: FTI) will issue its second quarter 2022 earnings release after the close of the New York Stock Exchange on Wednesday, July 27, 2022. The Company will also host its second quarter 2022 earnings conference call on Thursday, July 28, 2022, at 1 p.m. London time (8 a.m. New York time).

The event will be webcast live and can be accessed through the TechnipFMC website (investors.technipfmc.com) or at https://edge.media-server.com/mmc/p/yytvtob9.

It opened the trading session at $6.91, the shares rose to $7.01 and dropped to $6.54, the range by which the price of stock traded the whole day. The daily chart for FTI points out that the company has recorded 11.88% gains over the past six months. However, it is still -18.74% lower than its most recent low trading price.

If we look at the average trading volume of 9.44M shares, FTI reached to a volume of 17719874 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 $10.95 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.

Societe Generale have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 19, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on March 04, 2022, representing the official price target for TechnipFMC plc stock.

The Average True Range (ATR) for TechnipFMC plc is set at 0.41, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 2.72. Price to Free Cash Flow for FTI in the course of the last twelve months was 106.49 with Quick ratio for the last quarter at 1.10.

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 -15.62. With this latest performance, FTI shares dropped by -12.13% in over the last four-week period, additionally plugging by 11.88% over the last 6 months – not to mention a drop of -24.60% 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 31.60, with the RSI for the last a single of trading hit 22.34, and the three-weeks RSI is set at 37.23 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 7.77, while it was recorded at 6.98 for the last single week of trading, and 7.15 for the last 200 days.

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

TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.

An analysis of insider ownership at TechnipFMC plc [FTI]

There are presently around $2,725 million, or 97.70% 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 60,469,855, which is approximately 18.126% of the company’s market cap and around 1.20% of the total institutional ownership; FMR LLC, holding 32,124,052 shares of the stock with an approximate value of $211.7 million in FTI stocks shares; and PZENA INVESTMENT MANAGEMENT LLC, currently with $179.81 million in FTI stock with ownership of nearly 29.623% of the company’s market capitalization.

173 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 109,133,511 shares. Additionally, 114 investors decreased positions by around 78,965,458 shares, while 36 investors held positions by with 225,364,192 shares. The mentioned changes placed institutional holdings at 413,463,161 shares, according to the latest SEC report filing. FTI stock had 60 new institutional investments in for a total of 16,061,210 shares, while 47 institutional investors sold positions of 30,010,248 shares during the same period.

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