TechnipFMC plc (NYSE:FTI) has a beta value of 2.39 and has seen 7,850,616 shares traded in the last trading session. The company, currently valued at $3.52 Billion, closed the last trade at $7.82 per share which meant it gained $0.42 on the day or 5.68% during that session. The FTI stock price is -24.04% off its 52-week high price of $9.7 and 51.41% above the 52-week low of $3.8. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.45 Million shares traded. The 3-month trading volume is 15.22 Million shares.
The consensus among analysts is that TechnipFMC plc (FTI) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 10 out of 26 have rated it as a Hold, with 14 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.01.
TechnipFMC plc (NYSE:FTI) trade information
Sporting 5.68% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the FTI stock price touched $7.99-2 or saw a rise of 2.13%. Year-to-date, TechnipFMC plc shares have moved -16.81%, while the 5-day performance has seen it change 10.92%. Over the past 30 days, the shares of TechnipFMC plc (NYSE:FTI) have changed -2.01%. Short interest in the company has seen 15.38 Million shares shorted with days to cover at 1.01.
Wall Street analysts have a consensus price target for the stock at $10.1, which means that the shares’ value could jump 29.16% from current levels. The projected low price target is $3.5 while the price target rests at a high of $18. In that case, then, we find that the current price level is +130.18% off the targeted high while a plunge would see the stock lose -55.24% 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 gained +84.63% over the past 6 months, with this year growth rate of -180%, compared to 31.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -111.1% and -100% for the next quarter. Revenue growth from the last financial year stood is estimated to be -51.2%.
14 analysts offering their estimates for the company have set an average revenue estimate of $1.6 Billion for the current quarter. 14 have an estimated revenue figure of $1.63 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $3.16 Billion and $3.34 Billion respectively for this quarter and the next, and analysts expect sales will grow by -49.4% for the current quarter and -51.1% for the next.
Earnings growth for 2021 is a modest -35.9% while over the next 5 years, the company’s earnings are expected to increase by -2.9%.
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TechnipFMC plc is expected to release its next earnings report between July 27 and August 02 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 1.66%.
TechnipFMC plc (NYSE:FTI)’s Major holders
Insiders own 0.95% of the company shares, while shares held by institutions stand at 85.4% with a share float percentage of 86.23%. Investors are also buoyed by the number of investors in a company, with TechnipFMC plc having a total of 530 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 30.2 Million shares worth more than $283.87 Million. As of December 30, 2020, Vanguard Group Inc. (The) held 6.7% of shares outstanding.
The other major institutional holder is Bpifrance SA, with the holding of over 24.69 Million shares as of December 30, 2020. The firm’s total holdings are worth over $232.07 Million and represent 5.48% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard 500 Index Fund and VanEck Vectors ETF Tr- Oil Services ETF. As of December 30, 2020, the former fund manager holds about 1.88% shares in the company for having 8464814 shares of worth $79.57 Million while later fund manager owns 7.75 Million shares of worth $59.83 Million as of March 30, 2021, which makes it owner of about 1.72% of company’s outstanding stock.