Stock Market Recap: TechnipFMC plc (FTI) Concludes at 24.71, a 0.28 Surge/Decline

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After finishing at $24.64 in the prior trading day, TechnipFMC plc (NYSE: FTI) closed at $24.71, up 0.28%. In other words, the price has increased by $0.28 from its previous closing price. On the day, 3.03 million shares were traded. FTI stock price reached its highest trading level at $25.205 during the session, while it also had its lowest trading level at $24.57.

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 15.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.89. 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 Mar 04 ’24 when Pferdehirt Douglas J. sold 1,371,235 shares for $21.85 per share. The transaction valued at 29,961,485 led to the insider holds 2,687,307 shares of the business.

Rounce Justin sold 329,469 shares of FTI for $7,205,487 on Mar 04 ’24. The EVP & Chief Technology Officer now owns 406,598 shares after completing the transaction at $21.87 per share. On Mar 04 ’24, another insider, Melin Alf, who serves as the EVP & Chief Financial Officer of the company, sold 251,947 shares for $21.87 each. As a result, the insider received 5,510,081 and left with 147,446 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 10649367552 and an Enterprise Value of 11900467200. As of this moment, TechnipFMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.36, and their Forward P/E ratio for the next fiscal year is 13.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 3.54. Its current Enterprise Value per Revenue stands at 1.46 whereas that against EBITDA is 10.932.

Stock Price History:

The Beta on a monthly basis for FTI is 1.54, which has changed by 0.6729858 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, FTI has reached a high of $27.30, while it has fallen to a 52-week low of $14.60. The 50-Day Moving Average of the stock is -3.92%, while the 200-Day Moving Average is calculated to be 11.47%.

Shares Statistics:

The stock has traded on average 3.62M shares per day over the past 3-months and 2813590 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 426.40M. Insiders hold about 1.06% of the company’s shares, while institutions hold 97.69% stake in the company. Shares short for FTI as of 1715731200 were 9423617 with a Short Ratio of 2.68, compared to 1713139200 on 9612858. Therefore, it implies a Short% of Shares Outstanding of 9423617 and a Short% of Float of 2.21.

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 0.0060876627The current Payout Ratio is 80.52% for FTI, which recently paid a dividend on 2024-05-20 with an ex-dividend date of 1716163200. Stock splits for the company last occurred on 2021-02-16 when the company split stock in a 1344:1000 ratio.

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