Freeport-McMoRan Inc (NYSE: FCX) on Friday, plunged -1.10% from the previous trading day, before settling in for the closing price of $50.16. Within the past 52 weeks, FCX’s price has moved between $32.72 and $52.42.
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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. The company achieved an average annual earnings per share of 3.18%. 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 and Institutional Ownership
Observing investor behavior towards Copper industry stocks is more important than anything else. The insider ownership of Freeport-McMoRan Inc is 1.66%, while institutional ownership is 80.56%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 266.99 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.18% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 26.54% 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
Freeport-McMoRan Inc (FCX) is currently performing well based on its current performance indicators. A quick ratio of 1.38 was reported for the most recent quarter. 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 156.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.27, a number that is poised to hit 0.27 in the next quarter and is forecasted to reach 2.11 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 16.74 million. That was better than the volume of 13.78 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 41.16%. Additionally, its Average True Range was 1.52.
During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 82.84%, which indicates a significant increase from 45.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.36% in the past 14 days, which was lower than the 35.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.36, while its 200-day Moving Average is $39.97. However, in the short run, Freeport-McMoRan Inc’s stock first resistance to watch stands at $50.67. Second resistance stands at $51.73. The third major resistance level sits at $52.38. If the price goes on to break the first support level at $48.96, it is likely to go to the next support level at $48.31. The third support level lies at $47.25 if the price breaches the second support level.
Freeport-McMoRan Inc (NYSE: FCX) Key Stats
Market capitalization of the company is 71.16 billion based on 1,434,409K outstanding shares. Right now, sales total 22,855 M and income totals 1,848 M. The company made 5,905 M in profit during its latest quarter, and 388,000 K in sales during its previous quarter.
