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The closing price of TechnipFMC plc (NYSE: FTI) was $25.97 for the day, down -0.76% from the previous closing price of $26.17. In other words, the price has decreased by -$0.76 from its previous closing price. On the day, 2.92 million shares were traded. FTI stock price reached its highest trading level at $26.24 during the session, while it also had its lowest trading level at $25.85.
Ratios:
Our analysis of FTI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.65. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 11278588928 and an Enterprise Value of 12443494400. As of this moment, TechnipFMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.03, and their Forward P/E ratio for the next fiscal year is 14.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 3.72. Its current Enterprise Value per Revenue stands at 1.526 whereas that against EBITDA is 11.431.
Stock Price History:
Over the past 52 weeks, FTI has reached a high of $27.30, while it has fallen to a 52-week low of $17.06. The 50-Day Moving Average of the stock is 0.90%, while the 200-Day Moving Average is calculated to be 15.56%.
Shares Statistics:
FTI traded an average of 3.48M shares per day over the past three months and 3173360 shares per day over the past ten days. 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 97.46% stake in the company. Shares short for FTI as of 1718323200 were 9785031 with a Short Ratio of 2.81, compared to 1715731200 on 9423617. Therefore, it implies a Short% of Shares Outstanding of 9785031 and a Short% of Float of 2.29.
Dividends & Splits
With its trailing 12-month dividend rate of 0.15, FTI has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.005731754
