TechnipFMC plc (NYSE:FTI) shares fell to a low of $7.07 before closing at $7.22. Intraday shares traded counted 10.74 million, which was 20.27% higher than its 30-day average trading volume of 13.47M. FTI’s previous close was $7.28 while the outstanding shares total 449.40M. The firm has a beta of 2.38. The stock’s Relative Strength Index (RSI) is 37.09, with weekly volatility at 5.14% and ATR at 0.53. The FTI stock’s 52-week price range has touched low of $3.54 and a $13.80 high. The stock traded lower over the last trading session, losing -0.82% on 02/22/21.
Investors have identified the Oil & Gas Equipment & Services company TechnipFMC plc as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.14 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
TechnipFMC plc (FTI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For FTI, the company has in raw cash 4.24 billion on their books with 612.2 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 11.03 billion total, with 10.02 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.65 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FTI sounds very interesting.
Is the stock of FTI attractive?
In related news, Director, OLEARY JOHN C G bought 5,000 shares of the company’s stock in a transaction that recorded on Mar 19. The purchase was performed at an average price of 5.08, for a total value of 25,400. As the purchase deal closes, the Director, OLEARY JOHN C G now bought 5,000 shares of the company’s stock, valued at 26,750. Also, Director, Piou Olivier bought 20,000 shares of the company’s stock in a deal that was recorded on Mar 16. The shares were cost at an average price of 5.41 per share, with a total market value of 108,200. Following this completion of disposal, the Director, Piou Olivier now holds 10,000 shares of the company’s stock, valued at 151,100. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
15 out of 26 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on TechnipFMC plc. 0 analysts has assigned a Sell rating on the FTI stock. The 12-month mean consensus price target for the company’s shares has been set at $11.84.