Freeport-McMoRan Inc (NYSE: FCX) on Friday, soared 1.27% from the previous trading day, before settling in for the closing price of $45.02. Within the past 52 weeks, FCX’s price has moved between $32.62 and $55.07.
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Annual sales at Basic Materials sector company grew by 7.03% over the past five years. The company achieved an average annual earnings per share of -0.08%. With a float of $1.39 billion, this company’s outstanding shares have now reached $1.44 billion.
Let’s look at the performance matrix of the company that is accounted for 27200 employees. In terms of profitability, gross margin is 30.98%, operating margin of 28.08%, and the pretax margin is 29.09%.
Freeport-McMoRan Inc (FCX) Insider Updates
Observing investor behavior towards Copper industry stocks is more important than anything else. The insider ownership of Freeport-McMoRan Inc is 0.77%, while institutional ownership is 86.51%. The most recent insider transaction that took place on May 13 ’24, was worth 4,162,512. In this transaction Senior VP & CAO of this company sold 80,000 shares at a rate of $52.03, taking the stock ownership to the 104,377 shares. Before that another transaction happened on May 06 ’24, when Company’s Chairman of the Board & CEO sold 54,771 for $50.78, making the entire transaction worth $2,781,118. This insider now owns 3,652,478 shares in total.
Freeport-McMoRan Inc (FCX) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -0.08% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 24.99% 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 1.30 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 2.57. Likewise, its price to free cash flow for the trailing twelve months is 30.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.38, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 2.20 in one year’s time.
Technical Analysis of Freeport-McMoRan Inc (FCX)
Freeport-McMoRan Inc (NYSE: FCX) saw its 5-day average volume 8.23 million, a negative change from its year-to-date volume of 12.95 million. As of the previous 9 days, the stock’s Stochastic %D was 10.24%. Additionally, its Average True Range was 1.29.
During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 48.12%, which indicates a significant increase from 16.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.54% in the past 14 days, which was lower than the 35.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.21, while its 200-day Moving Average is $45.95. Nevertheless, the first resistance level for the watch stands at $46.07 in the near term. At $46.56, the stock is likely to face the second major resistance level. The third major resistance level sits at $46.94. If the price goes on to break the first support level at $45.20, it is likely to go to the next support level at $44.82. Assuming the price breaks the second support level, the third support level stands at $44.33.
Freeport-McMoRan Inc (NYSE: FCX) Key Stats
Market capitalization of the company is 64.63 billion based on 1,436,856K outstanding shares. Right now, sales total 22,855 M and income totals 1,848 M. The company made 6,790 M in profit during its latest quarter, and 526,000 K in sales during its previous quarter.
