The price of TechnipFMC plc (NYSE:FTI) shares last traded on Wall Street rose 2.78% to $25.86.
FTI stock price is now -1.08% away from the 50-day moving average and 4.17% away from the 200-day moving average. The market capitalization of the company currently stands at $11.08B.
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With the price target enhanced from $26 to $28, TD Cowen maintained Outperform rating for TechnipFMC plc (NYSE: FTI). , while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Light David, SVP & Chief Accounting Officer sold 5,928 shares of the company’s stock on Jun 26 ’24. The stock was sold for $153,002 at an average price of $25.81. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 11,534 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, EVP & Chief Technology Officer Rounce Justin sold 329,469 shares of the business’s stock. A total of $7,205,487 was realized by selling the stock at an average price of $21.87. This leaves the insider owning 406,598 shares of the company worth $10.51 million. A total of 1.06% of the company’s stock is owned by insiders.
During the past 12 months, TechnipFMC plc has had a low of $18.33 and a high of $29.85. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 1.10, and a quick ratio of 0.82. According to the stock market information, the enterprise value for the company is $11975457792, which is based on a 23.64 price-to-earnings ratio, a 1.39 price-to-earnings-growth ratio, and a beta of 1.54. The fifty day moving average price for FTI is $26.143 and a two-hundred day moving average price translates $24.82595 for the stock.
The latest earnings results from TechnipFMC plc (NYSE: FTI) was released for 2024-06-30. The net profit margin was 5.74% and return on equity was 16.03% for FTI. The company reported revenue of $2.33 billion for the quarter, compared to $1.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.92 percent.
