FCX (Freeport-McMoRan Inc) climbed 0.88 at the last close: Is This Today’s Most Popular Stock?

On Monday, Freeport-McMoRan Inc (NYSE: FCX) opened higher 0.88% from the last session, before settling in for the closing price of $37.36. Price fluctuations for FCX have ranged from $32.77 to $44.53 over the past 52 weeks.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 7.16%. Company’s average yearly earnings per share was noted 3.19% at the time writing. 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 Jan 11 2024 employees.

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 1.69%, while institutional ownership is 79.25%. 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 12/30/2023, the company posted $0.27 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.22) by $0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 3.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.07% during the next five years compared to -6.50% drop 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 1.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.37. Likewise, its price to free cash flow for the trailing twelve months is 118.78.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.27, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 2.10 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 13.07 million, which is a jump from its year-to-date volume of 12.83 million. As of the previous 9 days, the stock’s Stochastic %D was 7.69%. Additionally, its Average True Range was 1.18.

During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 45.92%, which indicates a significant increase from 11.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.80% in the past 14 days, which was higher than the 34.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $39.88, while its 200-day Moving Average is $38.44. However, in the short run, Freeport-McMoRan Inc’s stock first resistance to watch stands at $38.00. Second resistance stands at $38.32. The third major resistance level sits at $38.66. If the price goes on to break the first support level at $37.34, it is likely to go to the next support level at $36.99. Now, if the price goes above the second support level, the third support stands at $36.68.

Freeport-McMoRan Inc (NYSE: FCX) Key Stats

There are currently 1,433,977K shares outstanding in the company with a market cap of 54.05 billion. Presently, the company’s annual sales total 22,855 M according to its annual income of 1,848 M. Last quarter, the company’s sales amounted to 5,905 M and its income totaled 388,000 K.