The key reasons why Freeport-McMoRan Inc (FCX) is -4.97% away from 52-week high?

As on Wednesday, Freeport-McMoRan Inc (NYSE: FCX) started slowly as it slid -0.06% to $49.91, before settling in for the price of $49.94 at the close. Taking a more long-term approach, FCX posted a 52-week range of $32.72-$52.52.

The Basic Materials Sector giants’ yearly sales growth during the last 5-year period 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 2.82%. 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 $71.59 billion. At the time of writing, stock’s 50-day Moving Average stood at $45.26, while the 200-day Moving Average is $40.35.

Freeport-McMoRan Inc (FCX) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Copper industry. Freeport-McMoRan Inc’s current insider ownership accounts for 1.66%, in contrast to 80.65% institutional ownership. According to the most recent insider trade that took place on Apr 30 ’24, this organization’s Chairman of the Board & CEO sold 169,229 shares at the rate of 50.56, making the entire transaction reach 8,557,014 in total value, affecting insider ownership by 3,707,249. Preceding that transaction, on Apr 29 ’24, Company’s Senior VP & General Counsel sold 55,000 for 51.99, making the whole transaction’s value amount to 2,859,368. This particular insider is now the holder of 164,067 in total.

Freeport-McMoRan Inc (FCX) Earnings and Revenue Records

If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.35 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.34) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.

Freeport-McMoRan Inc’s EPS increase for this current 12-month fiscal period is 2.82% and is forecasted to reach 2.15 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 26.54% 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 1.41. The Stock has managed to achieve an average true range (ATR) of 1.65. Alongside those numbers, its PE Ratio stands at $44.03, and its Beta score is 2.02. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.99. Similarly, its price to free cash flow for trailing twelve months is now 61.29.

In the same vein, FCX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.13, a figure that is expected to reach 0.37 in the next quarter, and analysts are predicting that it will be 2.15 at the market close of one year from today.

Technical Analysis of Freeport-McMoRan Inc (FCX)

Through scrutinizing the latest numbers posted by the [Freeport-McMoRan Inc, FCX], it can be observed that its last 5-days Average volume of 19.19 million was better the volume of 14.22 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 67.40% While, its Average True Range was 1.75.

Raw Stochastic average of Freeport-McMoRan Inc (FCX) in the period of the previous 100 days is set at 84.16%, which indicates a major rise in contrast to 51.85% 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 34.17% that was lower than 34.95% volatility it exhibited in the past 100-days period.