In last trading session, TechnipFMC plc (NYSE:FTI) saw 3.72 million shares changing hands with its beta currently measuring 1.67. Company’s recent per share price level of $25.28 trading at $0.09 or 0.36% at ring of the bell on the day assigns it a market valuation of $10.94B. That closing price of FTI’s stock is at a discount of -0.47% from its 52-week high price of $25.40 and is indicating a premium of 51.78% from its 52-week low price of $12.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.3 million shares which gives us an average trading volume of 4.71 million if we extend that period to 3-months.
TechnipFMC plc (NYSE:FTI) trade information
Upright in the green during last session for gaining 0.36%, in the last five days FTI remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $25.28 price level, adding 0.47% to its value on the day. TechnipFMC plc’s shares saw a change of 25.52% in year-to-date performance and have moved 2.97% in past 5-day. TechnipFMC plc (NYSE:FTI) showed a performance of 17.47% in past 30-days. Number of shares sold short was 10.7 million shares which calculate 2.12 days to cover the short interests.
TechnipFMC plc (FTI) estimates and forecasts
Statistics highlight that TechnipFMC plc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 23.80% of value to its shares in past 6 months, showing an annual growth rate of 157.78% while that of industry is 4.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.50% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.99 billion for the same. And 13 analysts are in estimates of company making revenue of $2.19 billion in the next quarter that will end on Jun 2024. Company posted $1.72 billion and $1.97 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 15.60% while estimating it to be 11.00% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 156.09% while estimates for its earnings growth in next 5 years are of -2.90%.
FTI Dividends
TechnipFMC plc is more likely to be releasing its next quarterly report on April 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
TechnipFMC plc (NYSE:FTI)’s Major holders
Insiders are in possession of 0.95% of company’s total shares while institution are holding 99.25 percent of that, with stock having share float percentage of 100.20%. Investors also watch the number of corporate investors in a company very closely, which is 99.25% institutions for TechnipFMC plc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at FTI for having 39.91 million shares of worth $1.01 billion. And as of Dec 30, 2023, it was holding 9.13% of the company’s outstanding shares.
The second largest institutional holder is Price (T.Rowe) Associates Inc, which was holding about 37.34 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 8.54% of outstanding shares, having a total worth of $943.84 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 13.05 million shares of worth $329.88 million or 2.99% of the total outstanding shares. The later fund manager was in possession of 10.53 million shares on Dec 30, 2023, making its stake of worth around $266.27 million in the company or a holder of 2.41% of company’s stock.
