Freeport-McMoRan Inc (FCX) volume hits 19.94 million: A New Opening for Investors

Witnessing the stock’s movement on the chart, on Wednesday, Freeport-McMoRan Inc (NYSE: FCX) set off with pace as it heaved 2.54% to $49.61, before settling in for the price of $48.38 at the close. Taking a more long-term approach, FCX posted a 52-week range of $32.77-$48.83.

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In the past 5-years timespan, the Basic Materials sector firm’s annual sales growth was 7.03%. Meanwhile, its Annual Earning per share during the time was -6.56%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 1.74%. This publicly-traded company’s shares outstanding now amounts to $1.44 billion, simultaneously with a float of $1.41 billion. The organization now has a market capitalization sitting at $71.16 billion. At the time of writing, stock’s 50-day Moving Average stood at $40.86, while the 200-day Moving Average is $39.34.

Freeport-McMoRan Inc (FCX) Ownership Facts and Figures

Nothing is more important than checking the behaviour of major investors towards the stock of the Copper industry. Freeport-McMoRan Inc’s current insider ownership accounts for 1.66%, in contrast to 81.24% institutional ownership. According to the most recent insider trade that took place on May 12 ’23, this organization’s Director bought 4,000 shares at the rate of 34.90, making the entire transaction reach 139,597 in total value, affecting insider ownership by 17,800.

Freeport-McMoRan Inc (FCX) Earnings and Revenue Records

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.27 earnings per share (EPS) for the period topping the consensus outlook (set at $0.22) by $0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.36 per share during the current fiscal year.

Freeport-McMoRan Inc’s EPS increase for this current 12-month fiscal period is 1.74% and is forecasted to reach 2.12 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -1.07% through the next 5 years, which can be compared against the -6.56% growth it accomplished over the previous five years trading on the market.

Freeport-McMoRan Inc (NYSE: FCX) Trading Performance Indicators

Let’s observe the current performance indicators for Freeport-McMoRan Inc (FCX). It’s Quick Ratio in the last reported quarter now stands at 1.38. The Stock has managed to achieve an average true range (ATR) of 1.28. Alongside those numbers, its PE Ratio stands at $39.08, and its Beta score is 2.06. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.13. Similarly, its price to free cash flow for trailing twelve months is now 156.40.

In the same vein, FCX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.27, a figure that is expected to reach 0.29 in the next quarter, and analysts are predicting that it will be 2.12 at the market close of one year from today.

Technical Analysis of Freeport-McMoRan Inc (FCX)

Going through the that latest performance of [Freeport-McMoRan Inc, FCX]. Its last 5-days volume of 16.65 million indicated improvement to the volume of 13.2 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 92.42% While, its Average True Range was 1.29.

Raw Stochastic average of Freeport-McMoRan Inc (FCX) in the period of the previous 100 days is set at 99.17%, which indicates a major rise in contrast to 97.95% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 27.04% that was lower than 35.69% volatility it exhibited in the past 100-days period.