TechnipFMC plc (NYSE:FTI) has a beta value of 2.23 and has seen 5,975,983 shares traded in the last trading session. The company, currently valued at $3.19 Billion, closed the last trade at $6.88 per share which meant it lost -$0.19 on the day or -2.69% during that session. The FTI stock price is -245.06% off its 52-week high price of $23.74 and 34.74% above the 52-week low of $4.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.17 Million shares traded. The 3-month trading volume is 5.34 Million shares.
The consensus among analysts is that TechnipFMC plc (FTI) is an Overweight stock at the moment, with a recommendation rating of 2.4. None of the analysts rate the stock as a Sell, while 2 rate it as Overweight. 9 out of 30 have rated it as a Hold, with 18 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.22.
TechnipFMC plc (NYSE:FTI) trade information
Despite being -2.69% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Oct 14 when the FTI stock price touched $7.19-4 or saw a rise of 4.31%. Year-to-date, TechnipFMC plc shares have moved -67.91%, while the 5-day performance has seen it change -2.69%. Over the past 30 days, the shares of TechnipFMC plc (NYSE:FTI) have changed -6.14%. Short interest in the company has seen 17.05 Million shares shorted with days to cover at 3.19.
Wall Street analysts have a consensus price target for the stock at $10.83, which means that the shares’ value could jump 57.41% from current levels. The projected low price target is $4.6 while the price target rests at a high of $17. In that case, then, we find that the current price level is +147.09% off the targeted high while a plunge would see the stock lose -33.14% from current levels.
TechnipFMC plc (FTI) estimates and forecasts
Figures show that TechnipFMC plc shares have underperformed across the wider relevant industry. The company’s shares have lost -10.07% over the past 6 months, with this year growth rate of -48.65%, compared to -27.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 83.3% and 666.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -3.4%.
17 analysts offering their estimates for the company have set an average revenue estimate of $3.29 Billion for the current quarter. 17 have an estimated revenue figure of $3.41 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $3.34 Billion and $3.73 Billion respectively for this quarter and the next, and analysts expect sales will grow by -1.5% for the current quarter and -8.6% for the next.
Earnings growth for 2020 is a modest -29.3% while over the next 5 years, the company’s earnings are expected to increase by 1.8%.
TechnipFMC plc is expected to release its next earnings report between October 21 and October 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.13 at a share yield of 1.88%.
TechnipFMC plc (NYSE:FTI)’s Major holders
Insiders own 0.7% of the company shares, while shares held by institutions stand at 90.93% with a share float percentage of 91.57%. Investors are also buoyed by the number of investors in a company, with TechnipFMC plc having a total of 621 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 30.03 Million shares worth more than $205.4 Million. As of June 29, 2020, Vanguard Group, Inc. (The) held 6.68% of shares outstanding.
The other major institutional holder is Bpifrance SA, with the holding of over 24.69 Million shares as of June 29, 2020. The firm’s total holdings are worth over $168.87 Million and represent 5.49% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard 500 Index Fund and Vanguard International Stock Index-Total Intl Stock Indx. As of June 29, 2020, the former fund manager holds about 1.94% shares in the company for having 8721430 shares of worth $59.65 Million while later fund manager owns 7.85 Million shares of worth $63.07 Million as of July 30, 2020, which makes it owner of about 1.75% of company’s outstanding stock.