November 20, 2023, Freeport-McMoRan Inc (NYSE: FCX) trading session started at the price of $36.16, that was 1.81% jump from the session before. During the day, the shares moved up to $37.095 and dropped to $36.075 before settling in for the closing price of $36.00. A 52-week range for FCX has been $32.83 – $46.46.
During the last 5-year period, the sales growth of Basic Materials Sector giant was 11.49%. When this article was written, the company’s average yearly earnings per share was at -37.77%. With a float of $1.41 billion, this company’s outstanding shares have now reached $1.43 billion.
Let’s determine the extent of company efficiency that accounts for 25600 employees. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Freeport-McMoRan Inc stocks. The insider ownership of Freeport-McMoRan Inc is 1.62%, while institutional ownership is 78.64%. 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
Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted $0.36 earnings per share (EPS) during the time that was better than consensus figure (set at $0.31) by $0.05. 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 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -37.77% per share during the next fiscal year.
Freeport-McMoRan Inc (NYSE: FCX) Trading Performance Indicators
You can see what Freeport-McMoRan Inc (FCX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.35. Likewise, its price to free cash flow for the trailing twelve months is 101.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.48, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.87 in one year’s time.
Technical Analysis of Freeport-McMoRan Inc (FCX)
Looking closely at Freeport-McMoRan Inc (NYSE: FCX), its last 5-days average volume was 11.56 million, which is a drop from its year-to-date volume of 11.72 million. As of the previous 9 days, the stock’s Stochastic %D was 85.09%. Additionally, its Average True Range was 1.06.
During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 32.21%, which indicates a significant decrease from 89.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.63% in the past 14 days, which was higher than the 31.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.04, while its 200-day Moving Average is $38.69. However, in the short run, Freeport-McMoRan Inc’s stock first resistance to watch stands at $37.14. Second resistance stands at $37.63. The third major resistance level sits at $38.16. If the price goes on to break the first support level at $36.12, it is likely to go to the next support level at $35.59. Now, if the price goes above the second support level, the third support stands at $35.10.
Freeport-McMoRan Inc (NYSE: FCX) Key Stats
There are 1,433,977K outstanding shares of the company, which has a market capitalization of 52.56 billion. As of now, sales total 22,780 M while income totals 3,468 M. Its latest quarter income was 5,824 M while its last quarter net income were 454,000 K.