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After finishing at $28.00 in the prior trading day, TechnipFMC plc (NYSE: FTI) closed at $27.42, down -2.07%. In other words, the price has decreased by -$2.07 from its previous closing price. On the day, 4.59 million shares were traded. FTI stock price reached its highest trading level at $28.21 during the session, while it also had its lowest trading level at $27.3.
Ratios:
Our goal is to gain a better understanding of FTI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.53. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.53.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 23, 2024, Reiterated its Outperform rating but revised its target price to $28 from $26 previously.
Exane BNP Paribas Downgraded its Outperform to Neutral on November 06, 2023, while the target price for the stock was maintained at $23.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 26 ’24 when Light David sold 5,928 shares for $25.81 per share. The transaction valued at 153,002 led to the insider holds 11,534 shares of the business.
Pferdehirt Douglas J. sold 1,371,235 shares of FTI for $29,961,485 on Mar 04 ’24. The Chair and CEO now owns 2,687,307 shares after completing the transaction at $21.85 per share. On Mar 04 ’24, another insider, Rounce Justin, who serves as the EVP & Chief Technology Officer of the company, sold 329,469 shares for $21.87 each. As a result, the insider received 7,205,487 and left with 406,598 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FTI now has a Market Capitalization of 12067267584 and an Enterprise Value of 13068406784. As of this moment, TechnipFMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 58.11, and their Forward P/E ratio for the next fiscal year is 14.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 3.93. Its current Enterprise Value per Revenue stands at 1.603 whereas that against EBITDA is 12.005.
Stock Price History:
Over the past 52 weeks, FTI has reached a high of $28.54, while it has fallen to a 52-week low of $17.07. The 50-Day Moving Average of the stock is 6.07%, while the 200-Day Moving Average is calculated to be 21.00%.
Shares Statistics:
The stock has traded on average 3.42M shares per day over the past 3-months and 3137810 shares per day over the last 10 days, according to various share statistics. A total of 432.90M shares are outstanding, with a floating share count of 426.41M. Insiders hold about 1.06% of the company’s shares, while institutions hold 97.41% stake in the company. Shares short for FTI as of 1719532800 were 8175801 with a Short Ratio of 2.39, compared to 1717113600 on 9702203. Therefore, it implies a Short% of Shares Outstanding of 8175801 and a Short% of Float of 1.9199998999999999.
Dividends & Splits
In the trailing 12 months, FTI’s forward annual dividend rate was 0.15, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.005357143
