TechnipFMC plc (NYSE:FTI) shares traded -0.10% lower at $31.01 on Wall Street last session.
FTI stock price is now 13.03% away from the 50-day moving average and 19.69% away from the 200-day moving average. The market capitalization of the company currently stands at $13.18B.
With the price target of $37, RBC Capital Mkts recently initiated with Outperform rating for TechnipFMC plc (NYSE: FTI). On October 29, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $32, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Light David, SVP & Chief Accounting Officer sold 5,928 shares of the company’s stock on Jun 26 ’24. The stock was sold for $153,002 at an average price of $25.81. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 11,534 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, EVP & Chief Technology Officer Rounce Justin sold 329,469 shares of the business’s stock. A total of $7,205,487 was realized by selling the stock at an average price of $21.87. This leaves the insider owning 406,598 shares of the company worth $12.61 million. A total of 1.06% of the company’s stock is owned by insiders.
During the past 12 months, TechnipFMC plc has had a low of $18.33 and a high of $31.06. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.14, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $14312919040, which is based on a 20.41 price-to-earnings ratio, a 1.02 price-to-earnings-growth ratio, and a beta of 1.57. The fifty day moving average price for FTI is $27.3232 and a two-hundred day moving average price translates $25.84955 for the stock.
The latest earnings results from TechnipFMC plc (NYSE: FTI) was released for 2024-09-30. The net profit margin was 7.65% and return on equity was 21.22% for FTI. The company reported revenue of $2.35 billion for the quarter, compared to $2.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.17 percent.
