TechnipFMC plc (FTI) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $31.10, up from yesterday’s close by 1.04%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
TechnipFMC plc (FTI) currently trades with a market capitalization of $14.53 Billion. That value represents a market adjusting for revenues that have been growing by 79.86 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $108.6 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.33 on a per share basis this quarter. Perhaps, that suggests something about why 0.56% of the outstanding share supply is held by institutional investors.
Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, TechnipFMC plc recorded a 52-week high of $35.00. It is now trading 3.9% off that level. The stock is trading $31.53 its 50-day moving average by 0.43%. The stock carved out a 52-week low down at $24.53.
In recent action, TechnipFMC plc (FTI) has made a move of +6.73% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.72% with $462.02 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FTI.