In Wednesday’s session, TechnipFMC plc (NYSE:FTI) marked $13.54 per share, down from $13.69 in the previous session. While TechnipFMC plc has underperformed by -1.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FTI rose by 75.62%, with highs and lows ranging from $16.03 to $5.47, whereas the simple moving average jumped by 26.70% in the last 200 days.
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On February 17, 2023, Citigroup Upgraded TechnipFMC plc (NYSE: FTI) to Buy. A report published by The Benchmark Company on January 19, 2023, Initiated its previous ‘Buy’ rating for FTI. HSBC Securities also Upgraded FTI shares as ‘Buy’, setting a target price of $13.50 on the company’s shares in a report dated October 25, 2022. Piper Sandler Initiated an Overweight rating on October 07, 2022, and assigned a price target of $13. Barclays October 06, 2022d its ‘Equal Weight’ rating to ‘Overweight’ for FTI, as published in its report on October 06, 2022. Exane BNP Paribas’s report from September 21, 2022 suggests a price prediction of $14.50 for FTI shares, giving the stock a ‘Outperform’ rating. The Benchmark Company also rated the stock as ‘Buy’.
Analysis of TechnipFMC plc (FTI)
Further, the quarter-over-quarter increase in sales is 11.20%, showing a positive trend in the upcoming months.
TechnipFMC plc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -3.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and FTI has an average volume of 5.73M. On a monthly basis, the volatility of the stock is set at 4.37%, whereas on a weekly basis, it is put at 3.65%, with a loss of -0.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.86, showing growth from the present price of $13.54, which can serve as yet another indication of whether FTI is worth investing in or should be passed over.
How Do You Analyze TechnipFMC plc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.19%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in FTI shares?
The recent increase in stakes in FTI appears to be a result of several institutional investors and hedge funds increasing their positions. T. Rowe Price Associates, Inc.’s position in FTI has increased by 11.10% in the first quarter. The company now owns 58,933,447 shares of the stock, with a value of $901.09 million, following the purchase of 5,888,998 additional shares during the last quarter. Fidelity Management & Research Co made another decreased to its shares in FTI during the first quarter, downing its stake by -7.79%. During the last quarter, the company picked up -3,328,285 additional shares for a total stake of worth $602.4 million, bringing number of shares owned by the company to 39,398,209.
During the first quarter, William Blair Investment Manageme added a 1,133,099 position in FTI. Dimensional Fund Advisors LP sold an additional -0.36 million shares in the last quarter, decreasing its holdings by -1.84%, now holding 19.47 million shares worth $297.77 million. At the end of the first quarter, Columbia Management Investment Ad decreased its FTI holdings by -9.60% and now holds 19.19 million FTI shares valued at $293.49 million with the lessened -2.04 million shares during the period.
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