Stocks of TechnipFMC plc (NYSE:FTI) traded higher last session on Wall Street, down -0.12% to $25.33.
FTI stock price is now 19.50% away from the 50-day moving average and 28.53% away from the 200-day moving average. The market capitalization of the company currently stands at $10.96B.
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With the price target enhanced from $26 to $28, TD Cowen maintained Outperform rating for TechnipFMC plc (NYSE: FTI). , while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Pferdehirt Douglas J., Chair and CEO sold 1,371,235 shares of the company’s stock on Mar 04 ’24. The stock was sold for $29,961,485 at an average price of $21.85. Upon completion of the transaction, the Chair and CEO now directly owns 2,687,307 shares in the company, valued at $68.07 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 $10.3 million. A total of 1.08% of the company’s stock is owned by insiders.
During the past 12 months, TechnipFMC plc has had a low of $12.55 and a high of $25.71. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 1.16, and a quick ratio of 0.90. The fifty day moving average price for FTI is $21.33 and a two-hundred day moving average price translates $19.76 for the stock.
The latest earnings results from TechnipFMC plc (NYSE: FTI) was released for Dec, 2023. The net profit margin was 0.72% and return on equity was 1.76% for FTI. The company reported revenue of $2.08 billion for the quarter, compared to $1.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.62 percent.
