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TechnipFMC plc (NYSE: FTI) Share Price Might Move Up By 85.62%

In the last trading session, 5.11 million shares of the TechnipFMC plc (NYSE:FTI) were traded, and its beta was 1.77. Most recently the company’s share price was $14.07, and it changed around -$0.18 or -1.26% from the last close, which brings the market valuation of the company to $6.05B. FTI currently trades at a discount to its 52-week high of $16.03, offering almost -13.93% off that amount. The share price’s 52-week low was $5.47, which indicates that the current value has risen by an impressive 61.12% since then. We note from TechnipFMC plc’s average daily trading volume that its 10-day average is 6.27 million shares, with the 3-month average coming to 5.82 million.

TechnipFMC plc stock received a consensus recommendation rating of a Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended FTI as a Hold, whereas 16 deemed it a Buy, and 0 rated it as Underweight. TechnipFMC plc is expected to report earnings per share of $0.15 for the current quarter.

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TechnipFMC plc (NYSE:FTI) trade information

Instantly FTI has showed a red trend with a performance of -1.26% 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 14.36 on Tuesday, 05/23/23 increased the stock’s daily price by 2.02%. The company’s shares are currently up 15.42% year-to-date, but still up 4.45% over the last five days. On the other hand, TechnipFMC plc (NYSE:FTI) is 3.38% up in the 30-day period. We can see from the shorts that 12.45 million shares have been sold at a short interest cover period of 3.1 day(s).

The consensus price target as assigned by Wall Street analysts is $18.73, which translates to bulls needing to increase their stock price by 24.88% from its current value. Analyst projections state that FTI is forecast to be at a low of $17.00 and a high of $20.00. In order for the stock price to hit the forecast high, the stock would need to plunge -42.15% from its current level, while the stock would need to crash -20.82% from its current level to reach the projected low.

TechnipFMC plc (FTI) estimates and forecasts

TechnipFMC plc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 17.64 percent over the past six months and at a 1,700.00% annual growth rate that is well above the industry average of 38.00%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 650.00% in revenue this quarter, and will report an increase of 500.00% in the next quarter. The year-over-year growth rate is expected to be 12.20%, up from the previous year.

Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $1.93 billion in revenue for the current quarter. 11 analysts expect TechnipFMC plc to make $1.98 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $1.72 billion and $1.75 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.30%. Forecasts for the next quarter put sales growth at 13.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -17.30%. TechnipFMC plc earnings are expected to increase by -171.30% in 2023, but the outlook is negative -2.90% per year for the next five years.

FTI Dividends

TechnipFMC plc’s next quarterly earnings report is expected to be released around July 25 and July 31.

TechnipFMC plc (NYSE:FTI)’s Major holders

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