In Tuesday’s Wall Street session, TechnipFMC plc (NYSE:FTI) shares traded at $25.88, up 2.29% from the previous session.
FTI stock price is now -14.07% away from the 50-day moving average and -6.93% away from the 200-day moving average. The market capitalization of the company currently stands at $10.88B.
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, Rounce Justin, Officer bought 444,862 shares of the company’s stock on Mar 11 ’25. The stock was bought for $11,077,064 at an average price of $24.90. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’25, Officer Landes Jonathan bought 141,427 shares of the business’s stock. A total of $3,521,532 was incurred on buying the stock at an average price of $24.90. A total of 1.77% of the company’s stock is owned by insiders.
During the past 12 months, TechnipFMC plc has had a low of $21.78 and a high of $33.45. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.12, and a quick ratio of 0.88.
The net profit margin was 9.28% and return on equity was 27.06% for FTI. The company reported revenue of $2.37 billion for the quarter, compared to $2.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.94 percent.
