Stocks of TechnipFMC plc (NYSE:FTI) traded higher last session on Wall Street, up 0.89% to $28.49.
FTI stock price is now 7.70% away from the 50-day moving average and 12.04% away from the 200-day moving average. The market capitalization of the company currently stands at $12.12B.
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With the price target maintained at $32, HSBC Securities recently Upgraded its rating from Hold to Buy for TechnipFMC plc (NYSE: FTI). On October 25, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $35 to quote $37, while ‘HSBC Securities’ rates the stock as ‘Hold’
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 $0.33 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 $11.58 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 0.60, a current ratio of 1.14, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $13240872960, which is based on a 18.75 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 1.54. The fifty day moving average price for FTI is $26.4536 and a two-hundred day moving average price translates $25.4277 for the stock.
The latest earnings results from TechnipFMC plc (NYSE: FTI) was released for 2024-09-30. The net profit margin was 7.65% and return on equity was 21.22% for FTI. The company reported revenue of $2.35 billion for the quarter, compared to $2.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.17 percent.
