With 5.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.04 million shares. The 52-week range on FTI shows that it touched its highest point at $22.78 and its lowest point at $12.04 during that stretch. It currently has a 1-year price target of $26.29. With its current market cap of 9.45 billion, FTI has annualized dividend of $0.10 while the current yield stands at 0.46%. Beta for the stock currently stands at 1.66.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FTI was up-trending over the past week, with a rise of 0.79%, but this was up by 9.60% over a month. Three-month performance surged to 4.63% while six-month performance rose 15.25%. The stock gained 41.86% in the past year, while it has gained 7.70% so far this year. A look at the trailing 12-month EPS for FTI yields 0.12 with Next year EPS estimates of 1.86. For the next quarter, that number is 0.16. This implies an EPS growth rate of 161.04% for this year and 58.60% for next year.
Float and Shares Shorts:
At present, 432.90 million FTI shares are outstanding with a float of 427.22 million shares on hand for trading. On Feb 15, 2024, short shares totaled 12.52 million, which was 2.88% higher than short shares on Jan 12, 2024. In addition to Mr. Douglas J. Pferdehirt as the firm’s CEO & Executive Chairman, Mr. Alf T. Melin serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 99.54% of FTI’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FTI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FTI analysts setting a high price target of $33.00 and a low target of $22.00, the average target price over the next 12 months is $26.29. Based on these targets, FTI could surge 52.14% to reach the target high and rise by 1.43% to reach the target low. Reaching the average price target will result in a growth of 21.21% from current levels.
Summary of Insider Activity:
Insiders traded FTI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 11,173 while 28,466 shares were sold.
