On Friday, Freeport-McMoRan Inc (NYSE: FCX) opened lower -2.36% from the last session, before settling in for the closing price of $50.67. Price fluctuations for FCX have ranged from $32.72 to $51.95 over the past 52 weeks.
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A company in the Basic Materials sector has jumped its sales by 7.03% annually for the last half of the decade. Company’s average yearly earnings per share was noted 4.94% at the time writing. With a float of $1.41 billion, this company’s outstanding shares have now reached $1.44 billion.
In an organization with 27200 employees, it is important to assess its efficiency.
Freeport-McMoRan Inc (FCX) Insider Updates
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 1.66%, while institutional ownership is 80.52%. The most recent insider transaction that took place on May 12 ’23, 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.
Freeport-McMoRan Inc (FCX) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 267.80 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.94% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 24.71% during the next five years compared to -6.56% 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 3.13. Likewise, its price to free cash flow for the trailing twelve months is 155.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.27, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 2.13 in one year’s time.
Technical Analysis of Freeport-McMoRan Inc (FCX)
Let’s dig in a bit further. During the last 5-days, its volume was 15.9 million. That was better than the volume of 13.57 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 65.73%. Additionally, its Average True Range was 1.45.
During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 82.60%, which indicates a significant increase from 62.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.12% in the past 14 days, which was lower than the 35.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.35, while its 200-day Moving Average is $39.71. However, in the short run, Freeport-McMoRan Inc’s stock first resistance to watch stands at $51.48. Second resistance stands at $53.50. The third major resistance level sits at $54.57. If the price goes on to break the first support level at $48.39, it is likely to go to the next support level at $47.32. Assuming the price breaks the second support level, the third support level stands at $45.30.
Freeport-McMoRan Inc (NYSE: FCX) Key Stats
There are currently 1,434,409K shares outstanding in the company with a market cap of 70.96 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.
