FTI Stock Summary and Trading Ideas (Technipfmc PLC Ordinary Share | NYSE:FTI)

TechnipFMC is the largest pure-play offshore service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.

Technipfmc PLC Ordinary Share trades on the NYSE stock market under the symbol FTI.

As of April 18, 2024, FTI stock price declined to $25.16 with 2,731,271 million shares trading.

FTI has a beta of 0.39, meaning it tends to be less sensitive to market movements. FTI has a correlation of 0.02 to the broad based SPY ETF.

FTI has a market cap of $11.00 billion. This is considered a Large Cap stock.

Last quarter Technipfmc PLC Ordinary Share reported $2 billion in Revenue and $.14 earnings per share. This beat revenue expectation by $178 million and exceeded earnings estimates by $.02.

In the last 3 years, FTI stock traded as high as $27.26 and as low as $5.48.

The top ETF exchange traded funds that FTI belongs to (by Net Assets): VTI, VB, VXF, VBK, OIH.

FTI has outperformed the market in the last year with a return of +90.0%, while the SPY ETF gained +22.2%. In the last 3 month period, FTI beat the market returning +32.3%, while SPY returned +5.2%. However, in the most recent 2 weeks FTI has underperformed the stock market by returning -4.6%, while SPY returned -2.6%.

FTI support price is $24.88 and resistance is $25.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTI stock will trade within this expected range on the day.