TechnipFMC plc (NYSE:FTI) shares, rose in value on Thursday, November 21, with the stock price up by 3.52% to the previous day’s close as strong demand from buyers drove the stock to $30.02.
Actively observing the price movement in the last trading, the stock closed the session at $29.00, falling within a range of $29.285 and $30.23. The value of beta (5-year monthly) was 1.517 whereas the PE ratio was 19.75 over 12-month period. Referring to stock’s 52-week performance, its high was $29.85, and the low was $18.33. On the whole, FTI has fluctuated by 19.32% over the past month.
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With the market capitalization of TechnipFMC plc currently standing at about $12.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.67%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.01B, with a low estimate of 2.19B and a high estimate of 2.34B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.29B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FTI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.99, with the price of FTI currently trading nearly 8.04% and 11.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.86, while the 7-day volatility ratio is showing 2.47% which for the 30-day chart, stands at 2.60%. Furthermore, TechnipFMC plc (FTI)’s beta value is 1.55, and its average true range (ATR) is 0.79.
A comparison of TechnipFMC plc (FTI) with its peers suggests the former has fared considerably weaker in the market. FTI showed an intraday change of 3.52% in last session, and over the past year, it grew by 42.55%%.
Data on historical trading for TechnipFMC plc (NYSE:FTI) indicates that the trading volumes over the past 10 days have averaged 3.08 and over the past 3 months, they’ve averaged 3.72 million. According to company’s latest data on outstanding shares, there are 432.90 million shares outstanding.
Nearly 1.06% of TechnipFMC plc’s shares belong to company insiders and institutional investors own 96.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.44 million shares as on 2024-10-31, resulting in a short ratio of 1.84. According to the data, the short interest in TechnipFMC plc (FTI) stood at 153.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 8.84 million. The stock has risen by 49.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FTI stock heading into the next quarter.
