In the last trading session, 5.76 million shares of the TechnipFMC plc (NYSE:FTI) were traded, and its beta was 2.20. Most recently the company’s share price was $8.14, and it changed around $0.35 or 4.49% from the last close, which brings the market valuation of the company to $3.51B. FTI currently trades at a discount to its 52-week high of $10.70, offering almost -31.45% off that amount. The share price’s 52-week low was $4.03, which indicates that the current value has risen by an impressive 50.49% since then. We note from TechnipFMC plc’s average daily trading volume that its 10-day average is 7.05 million shares, with the 3-month average coming to 5.56 million.
TechnipFMC plc stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.40. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 10 recommended FTI as a Hold, whereas 10 deemed it a Buy, and 1 rated it as Underweight. TechnipFMC plc is expected to report earnings per share of $0.02 for the current quarter.
TechnipFMC plc (NYSE:FTI) trade information
Instantly FTI has showed a green trend with a performance of 4.49% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.26 on Friday, 10/08/21 increased the stock’s daily price by 1.45%. The company’s shares are currently up 9.79% year-to-date, but still up 4.09% over the last five days. On the other hand, TechnipFMC plc (NYSE:FTI) is 28.80% up in the 30-day period. We can see from the shorts that 10.48 million shares have been sold at a short interest cover period of 1.85 day(s).
The consensus price target as assigned by Wall Street analysts is $9.76, which translates to bulls needing to increase their stock price by 16.6% from its current value. Analyst projections state that FTI is forecast to be at a low of $4.10 and a high of $12.50. In order for the stock price to hit the forecast high, the stock would need to plunge -53.56% from its current level, while the stock would need to crash 49.63% from its current level to reach the projected low.
TechnipFMC plc (FTI) estimates and forecasts
TechnipFMC plc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.81 percent over the past six months and at a -135.00% annual growth rate that is well below the industry average of 26.70%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will loss -87.50% in revenue this quarter, and will report a decrease of -100.00% in the next quarter. The year-over-year growth rate is expected to be -49.70%, down from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $1.7 billion in revenue for the current quarter. 11 analysts expect TechnipFMC plc to make $1.66 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $3.34 billion and $3.43 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -49.00%. Forecasts for the next quarter put sales growth at -51.50%.
TechnipFMC plc earnings are expected to increase by -35.90% in 2021, but the outlook is negative -2.90% per year for the next five years.
TechnipFMC plc’s next quarterly earnings report is expected to be released around October 19 and October 25. The annual dividend yield of the stock is 1.60 percent and its annual dividend per share was 0.13. It is important to note, however, that the 1.60% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
TechnipFMC plc (NYSE:FTI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.02% of TechnipFMC plc shares, and 91.09% of them are in the hands of institutional investors. The stock currently has a share float of 92.03%. TechnipFMC plc stock is held by 464 institutions, with Price (T.Rowe) Associates Inc being the largest institutional investor. By Mar 30, 2021, it held 5.58% of the shares, which is about 25.13 million shares worth $194.02 million.
Bpifrance SA, with 5.48% or 24.69 million shares worth $223.43 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
VanEck Vectors ETF Tr- Oil Services ETF and Invesco American Franchise Fd were the top two Mutual Funds as of Jun 29, 2021. The former held 13.17 million shares worth $119.22 million, making up 2.92% of all outstanding shares. On the other hand, Invesco American Franchise Fd held roughly 7.16 million shares worth around $61.48 million, which represents about 1.59% of the total shares outstanding.