Digging Up the Facts on TechnipFMC plc (FTI)

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 $32.77, down from yesterday’s close by -0.18%. 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 $15.22 Billion. That value represents a market adjusting for revenues that have been falling by -7.76 % 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 -$393.24 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.39 on a per share basis this quarter. Perhaps, that suggests something about why 0.61% of the outstanding share supply is held by institutional investors.

Technical Analysis

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 2.23% off that level. The stock is trading $32.20 its 50-day moving average by -0.57%. The stock carved out a 52-week low down at $24.53.

In recent action, TechnipFMC plc (FTI) has made a move of +3.25% 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 14.11, 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 1.74% with $459.07 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FTI.

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