TechnipFMC plc [FTI] stock prices are down -0.75% to $25.28 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FTI shares have lost -3.47% over the last week, with a monthly amount glided 2.97%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TechnipFMC plc [NYSE: FTI] stock has seen the most recent analyst activity on February 23, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $28 from $26. Previously, HSBC Securities downgraded its rating to Hold on February 23, 2024. On November 06, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $23.50 on the stock. Jefferies downgraded its rating to a Hold and increased its price target to $22 on October 13, 2023. Kepler downgraded its rating to a Hold but $19.50 remained the price target by the analyst firm on August 01, 2023. In a note dated February 17, 2023, Citigroup upgraded an Buy rating on this stock but restated the target price of $18.
The stock price of TechnipFMC plc [FTI] has been fluctuating between $12.64 and $27.26 over the past year. Currently, Wall Street analysts expect the stock to reach $9.08 within the next 12 months. TechnipFMC plc [NYSE: FTI] shares were valued at $25.28 at the most recent close of the market. An investor can expect a potential drop of -64.08% based on the average FTI price forecast.
Analyzing the FTI fundamentals
The TechnipFMC plc [NYSE:FTI] reported sales of 7.81B for trailing twelve months, representing a surge of 22.31%. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.98 points at the first support level, and at 24.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.54, and for the 2nd resistance point, it is at 25.81.
Ratios To Look Out For
It’s worth pointing out that TechnipFMC plc [NYSE:FTI]’s Current Ratio is 1.16. Also, the Quick Ratio is 0.90, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 3.49 and price to earnings (TTM) ratio is 209.27.
Transactions by insiders
Recent insider trading involved Pferdehirt Douglas J., Chair and CEO, that happened on Mar 04 ’24 when 1.37 million shares were sold. EVP & Chief Technology Officer, Rounce Justin completed a deal on Mar 04 ’24 to sell 0.33 million shares. Meanwhile, EVP & Chief Financial Officer Melin Alf sold 0.25 million shares on Mar 04 ’24.
