On May 19, 2023, Freeport-McMoRan Inc. (NYSE: FCX) opened at $36.03, higher 0.14% from the last session. During the day, the shares moved up to $36.24 and dropped to $35.43 before settling in for the closing price of $35.68. Price fluctuations for FCX have ranged from $24.65 to $46.64 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 6.80%. Company’s average yearly earnings per share was noted -17.80% at the time writing. With a float of $1.42 billion, this company’s outstanding shares have now reached $1.43 billion.
Considering the fact that the conglomerate employs 25600 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +34.68, operating margin of +32.36, and the pretax margin is +28.78.
Freeport-McMoRan Inc. (FCX) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Copper industry is another important factor to consider. The insider ownership of Freeport-McMoRan Inc. is 0.56%, while institutional ownership is 79.30%. The most recent insider transaction that took place on May 12, was worth 139,597. In this transaction Director of this company bought 4,000 shares at a rate of $34.90, taking the stock ownership to the 17,800 shares. Before that another transaction happened on Mar 01, when Company’s Chief Accounting Officer sold 11,678 for $43.17, making the entire transaction worth $504,117. This insider now owns 32,333 shares in total.
Freeport-McMoRan Inc. (FCX) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.52 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.45) by $0.07. This company achieved a net margin of +14.83 while generating a return on equity of 23.44. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -17.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -8.55% during the next five years compared to 20.60% growth over the previous five years of trading.
Freeport-McMoRan Inc. (NYSE: FCX) Trading Performance Indicators
Check out the current performance indicators for Freeport-McMoRan Inc. (FCX). In the past quarter, the stock posted a quick ratio of 1.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.79, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 2.26 in one year’s time.
Technical Analysis of Freeport-McMoRan Inc. (FCX)
Compared to the last year’s volume of 12.78 million, its volume of 11.79 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 48.81%. Additionally, its Average True Range was 1.22.
During the past 100 days, Freeport-McMoRan Inc.’s (FCX) raw stochastic average was set at 11.58%, which indicates a significant decrease from 46.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.29% in the past 14 days, which was lower than the 36.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.32, while its 200-day Moving Average is $36.57. Nevertheless, the first resistance level for the watch stands at $36.17 in the near term. At $36.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $36.98. If the price goes on to break the first support level at $35.36, it is likely to go to the next support level at $34.99. Now, if the price goes above the second support level, the third support stands at $34.55.
Freeport-McMoRan Inc. (NYSE: FCX) Key Stats
There are currently 1,433,286K shares outstanding in the company with a market cap of 51.14 billion. Presently, the company’s annual sales total 22,780 M according to its annual income of 3,468 M. Last quarter, the company’s sales amounted to 5,389 M and its income totaled 663,000 K.
