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TechnipFMC plc (NYSE: FTI) closed the day trading at $23.68 down -1.42% from the previous closing price of $24.02. In other words, the price has decreased by -$1.42 from its previous closing price. On the day, 9.09 million shares were traded. FTI stock price reached its highest trading level at $24.105 during the session, while it also had its lowest trading level at $23.525.
Ratios:
For a better understanding of FTI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.73. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.45.
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.
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 01 ’24, another insider, Conti Thierry, who serves as the President, Surface of the company, sold 9,871 shares for $21.98 each. As a result, the insider received 216,965 and left with 81,818 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 10143873024 and an Enterprise Value of 11341466624. As of this moment, TechnipFMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.65, and their Forward P/E ratio for the next fiscal year is 12.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 3.41. Its current Enterprise Value per Revenue stands at 1.333 whereas that against EBITDA is 9.246.
Stock Price History:
Over the past 52 weeks, FTI has reached a high of $29.85, while it has fallen to a 52-week low of $18.33. The 50-Day Moving Average of the stock is -11.65%, while the 200-Day Moving Average is calculated to be -0.48%.
Shares Statistics:
Over the past 3-months, FTI traded about 3.52M shares per day on average, while over the past 10 days, FTI traded about 3773350 shares per day. A total of 432.90M shares are outstanding, with a floating share count of 423.80M. Insiders hold about 1.07% of the company’s shares, while institutions hold 98.09% stake in the company. Shares short for FTI as of 1723680000 were 7630156 with a Short Ratio of 2.17, compared to 1721001600 on 7744480. Therefore, it implies a Short% of Shares Outstanding of 7630156 and a Short% of Float of 1.7999999999999998.
Dividends & Splits
FTI’s forward annual dividend rate is 0.20, up from 0.2 a year ago. Against a Trailing Annual Dividend Yield of 0.0083263945
