Stocks of TechnipFMC plc (NYSE:FTI) traded higher last session on Wall Street, up 3.30% to $28.81.
FTI stock price is now -5.64% away from the 50-day moving average and 3.66% away from the 200-day moving average. The market capitalization of the company currently stands at $12.26B.
With the price target of $39, Piper Sandler recently initiated with Overweight rating for TechnipFMC plc (NYSE: FTI). On December 13, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $38, while ‘Jefferies’ 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 $0.33 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 $11.71 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 $21.36 and a high of $33.45. 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.
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.
