HSBC Securities has recently raised TechnipFMC PLC (FTI) stock to Buy rating, as announced on October 29, 2024, according to Finviz. Earlier, on October 25, 2024, TD Cowen had reiterated the stock to Buy, setting a price target of $37 for FTI stock. TD Cowen also reiterated Outperform rating with a price target of $28. Additionally, HSBC Securities reduced Hold rating on February 23, 2024. Exane BNP Paribas analysts, in their report published on November 6, 2023, also reduced Neutral rating for TechnipFMC PLC’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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TechnipFMC PLC (FTI) Stock Trading Recap
On Monday, TechnipFMC PLC (FTI) stock saw a modest uptick, ending the day at $29.01 which represents a slight increase of $0.24 or 0.83% from the prior close of $28.77. The stock opened at $28.82 and touched a low of $28.79 during the day, reaching a high of $29.24. The volume of shares traded was 2.34 million falling short of the average volume of 3.58 million.
FTI Stock Performance and Moving Averages
In recent trading, TechnipFMC PLC (FTI) stock price has shown some volatility, fluctuating 9.93% over the last five trades and 4.92% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 9.80%, and it has gained 10.77% in the previous three months. Currently, FTI is trading at 8.99%, 10.48%, and 14.68% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, FTI, a Energy sector stock, is trading -2.81% below its 52-week high but remains 58.31% above its 52-week low. The Average True Range (ATR) (14 days) of 0.78 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
TechnipFMC PLC’s Profitability and Valuation Ratios
TechnipFMC PLC’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 10.03% and a profit margin of 7.65%, with a gross margin of 9.80%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, TechnipFMC PLC’s market capitalization stands at $12.43 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 19.09, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 14.4. Additionally, the Price-to-Sales Ratio is 1.42, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.79, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.06% of TechnipFMC PLC (FTI)’s shares, while financial institutions hold 95.50%.
Notable insider trades include Light David, SVP & Chief Accounting Officer at TechnipFMC PLC (FTI), who sold 5928 shares on Jun 26 ’24, at $25.81 each, totaling $0.15 million. On Mar 04 ’24, Rounce Justin, EVP & Chief Technology Officer, sold 329469 shares for $21.87 each, amounting to $7.21 million. Additionally, on Mar 01 ’24, Conti Thierry sold 9871 shares at $21.98 each, generating $0.22 million.
