TechnipFMC plc (NYSE:FTI) traded at $13.23 at last check on Tuesday, 01/24/23, made an upward move of 0.42% on its previous day’s price.
Looking at the stock we see that its previous close was $13.18 and the beta (5Y monthly) reads 1.73 with the day’s price range being $12.895 – $13.20. In terms of its 52-week price range, FTI has a high of $13.40 and a low of $5.47. The company’s stock has gained about 9.29% over that past 30 days.
TechnipFMC plc has a market cap of $5.68 billion and is expected to release its quarterly earnings report on Feb 21, 2023 – Feb 27, 2023.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.36 billion, with a low of $1.32 billion and a high of $1.41 billion.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the FTI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 22 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the TechnipFMC plc (FTI) stock as a Hold, while 18 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 6.73% off its SMA20 and 9.27% from its 50-day simple moving average. The RSI (14) is pointing at 65.22 while the volatility over the past week is 3.74% and jumps to 3.60% over the past one month. The beta value is 1.80, while the average true range (ATR) is currently pointing at 0.46. The average price target for the stock over the next 12 months is $14.79, with the estimates having a low of $12.40 and a high of $17.00. These price ends are 6.27% and -28.5% off the today’s price level respectively, although investors could be excited at the prospect of a -13.38% if the FTI share price touches on the median price of $15.00.
Let’s briefly compare TechnipFMC plc (FTI) stock to its peers. We find that today’s price change of 0.42% and 103.40% over the past 12 months for FTI competes that of Oil States International Inc. (OIS), which has seen its stock price rise 0.96% in the latest trading session and is 41.69% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.43% and -1.17%, respectively, in early deals.
Coming back to TechnipFMC plc (NYSE:FTI), we note that the average 3-month trading volume was 6.90 million, while that of the preceding 10-day period stands at 4.79 million. Current shares outstanding are 450.10 million.
The insiders hold 1.33% of the company’s shares while institutions hold 99.38%. The data shows that short shares as of Oct 13, 2022, stood at 12.72 million at a short ratio of 1.42. This represents a 2.81% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 17.92 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 8.12% up in year-to-date price movement.