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TechnipFMC plc Insider Trading: What Did We Learn?

TechnipFMC plc (NYSE:FTI) price closed higher on Monday, September 18, jumping 2.01% above its previous close.

A look at the daily price movement shows that the last close reads $20.86, with intraday deals fluctuated between $20.515 and $20.93. The company’s 5Y monthly beta was ticking 1.82. Taking into account the 52-week price action we note that the stock hit a 52-week high of $21.67 and 52-week low of $8.02. The stock added 18.22% on its value in the past month.

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TechnipFMC plc, which has a market valuation of $9.29 billion, is expected to release its quarterly earnings report Oct 24, 2023 – Oct 30, 2023. The company stock has a Forward Dividend ratio of 0.20, while the dividend yield is 0.94%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FTI a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 20 analysts have assigned FTI a recommendation rating as follows: 2 rate it as a Hold; 16 advise Buy while 2 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the TechnipFMC plc (FTI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that FTI’s price is at present 8.70% off the SMA20 and 14.18% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 71.41, with weekly volatility standing at 2.76%. The indicator jumps to 2.92% when calculated based on the past 30 days. TechnipFMC plc (NYSE:FTI)’s beta value is holding at 1.83, while the average true range (ATR) indicator is currently reading 0.58. Considering analysts have assigned the stock a price target range of $18.00-$29.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $22.31. Based on this estimate, we see that current price is roughly 15.41% off the estimated low and -36.28% off the forecast high. Investors will no doubt be excited to see the share price fall to $22.00, which is the median consensus price, and at that level FTI would be -3.38% from current price.

Turning out attention to how the TechnipFMC plc stock has performed in comparison to its peers in the industry, here’s what we find: FTI’s stock is 2.01% on the day and 129.31% in the past 12 months, while Oil States International Inc. (OIS) traded 0.29% in the last session and was positioned 91.89% up on its price 12 months ago. Elsewhere in the market, the S&P 500 Index has rallied 0.09% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.05%.

An analysis of the TechnipFMC plc (NYSE:FTI) stock in terms of its daily trading volume indicates that the 3-month average is 6.89 million. However, this figure increases on the past 10-day timeline to an average of 9.55 million.

Current records show that the company has 440.10M in outstanding shares. The insiders’ percentage holdings are 1.14% of outstanding shares while the percentage share held by institutions stands at 98.67%. The stats also highlight that short interest as of Aug 30, 2023, stood at 17.13 million shares, which puts the short ratio at the time at 4.01. From this we can glean that short interest is 3.91% of company’s current outstanding shares. Notably, we see that shares short in August fall slightly given the previous month’s figure stood at 21.53 million. But the 74.57% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.