TechnipFMC plc (NYSE:FTI) price closed lower on Tuesday, April 16, dropping -0.75% below its previous close.
A look at the daily price movement shows that the last close reads $25.47. The company’s 5Y monthly beta was ticking 1.65 while its P/E ratio in the trailing 12-month period read 209.27. Taking into account the 52-week price action we note that the stock hit a 52-week high of $27.26 and 52-week low of $12.64. The stock added 2.97% on its value in the past month.
TechnipFMC plc, which has a market valuation of $11.05 billion, is expected to release its quarterly earnings report Apr 25, 2024. The company stock has a Forward Dividend ratio of 0.15, while the dividend yield is 0.59%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FTI a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that FTI’s price is at present -1.93% off the SMA20 and 10.34% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.57, with weekly volatility standing at 3.25%. The indicator jumps to 2.64% when calculated based on the past 30 days. TechnipFMC plc (NYSE:FTI)’s beta value is holding at 1.65, while the average true range (ATR) indicator is currently reading 0.72.
An analysis of the TechnipFMC plc (NYSE:FTI) stock in terms of its daily trading volume indicates that the 3-month average is 4.86 million.
Current records show that the company has 432.90M in outstanding shares. The insiders’ percentage holdings are 1.08% of outstanding shares while the percentage share held by institutions stands at 98.87%. But the 25.52% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
