TechnipFMC plc [NYSE: FTI] slipped around -0.44 points on Wednesday, while shares priced at $25.16 at the close of the session, down -1.72%.
Compared to the average trading volume of 3.86M shares, FTI reached a trading volume of 7214961 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $31.50 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 1.78. 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.
TD Cowen have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 23, 2024. The new note on the price target was released on February 23, 2024, representing the official price target for TechnipFMC plc stock. Previously, the target price had yet another raise to $23.50, while Exane BNP Paribas analysts kept a Neutral rating on FTI stock. On October 13, 2023, analysts increased their price target for FTI shares from 18 to 22.
The Average True Range (ATR) for TechnipFMC plc is set at 0.74, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 3.63, with the Price to Cash per share for the same quarter was set at 1.68. Price to Free Cash Flow for FTI in the course of the last twelve months was 13.53 with Quick ratio for the last quarter at 0.82.
How has FTI stock performed recently?
TechnipFMC plc [FTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.02. With this latest performance, FTI shares dropped by -9.50% in over the last four-week period, additionally sinking by -2.18% over the last 6 months – not to mention a rise of 21.84% 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 39.65, with the RSI for the last a single of trading hit 33.03, and the three-weeks RSI is set at 43.08 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 26.15, while it was recorded at 25.66 for the last single week of trading, and 24.79 for the last 200 days.
TechnipFMC plc [FTI]: Deeper insight into the fundamentals
TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.82 and a Current Ratio set at 1.10.
Earnings analysis for TechnipFMC plc [FTI]
With the latest financial reports released by the company, TechnipFMC plc posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.19/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 17.00%.
Insider trade positions for TechnipFMC plc [FTI]
There are presently around $95.98%, or 96.91%% 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 49.64 million shares, which is approximately 11.4483%. T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 39.99 million shares of the stock with an approximate value of $$1.05 billion in FTI stocks shares; and T. ROWE PRICE INVESTMENT MANAGEMENT, INC., currently with $$1.04 billion in FTI stock with ownership which is approximately 9.1471%.
