Freeport-McMoRan Inc (NYSE: FCX) started the day on Thursday, with a price increase of 3.65% at $48.58, before settling in for the price of $46.87 at the close. Taking a more long-term approach, FCX posted a 52-week range of $32.62-$55.07.
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The Basic Materials sector firm’s twelve-monthly sales growth has been 7.03% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -6.56%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -0.08%. This publicly-traded company’s shares outstanding now amounts to $1.44 billion, simultaneously with a float of $1.39 billion. The organization now has a market capitalization sitting at $68.01 billion. At the time of writing, stock’s 50-day Moving Average stood at $46.40, while the 200-day Moving Average is $46.13.
Freeport-McMoRan Inc (FCX) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Copper Industry. Freeport-McMoRan Inc’s current insider ownership accounts for 0.77%, in contrast to 86.69% institutional ownership. According to the most recent insider trade that took place on May 13 ’24, this organization’s Senior VP & CAO sold 80,000 shares at the rate of 52.03, making the entire transaction reach 4,162,512 in total value, affecting insider ownership by 104,377. Preceding that transaction, on May 06 ’24, Company’s Chairman of the Board & CEO sold 54,771 for 50.78, making the whole transaction’s value amount to 2,781,118. This particular insider is now the holder of 3,652,478 in total.
Freeport-McMoRan Inc (FCX) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.
Freeport-McMoRan Inc’s EPS decrease for this current 12-month fiscal period is -0.08% and is forecasted to reach 2.20 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 24.99% 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 1.30. The Stock has managed to achieve an average true range (ATR) of 1.39. Alongside those numbers, its PE Ratio stands at $35.24, and its Beta score is 1.89. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.70. Similarly, its price to free cash flow for trailing twelve months is now 32.19.
In the same vein, FCX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.38, a figure that is expected to reach 0.38 in the next quarter, and analysts are predicting that it will be 2.20 at the market close of one year from today.
Technical Analysis of Freeport-McMoRan Inc (FCX)
If we take a close look at the recent performances of Freeport-McMoRan Inc (NYSE: FCX), its last 5-days Average volume was 9.7 million that shows plunge from its year to date volume of 12.9 million. During the previous 9 days, stock’s Stochastic %D was recorded 75.67% While, its Average True Range was 1.40.
Raw Stochastic average of Freeport-McMoRan Inc (FCX) in the period of the previous 100 days is set at 70.21%, which indicates a major fall in contrast to 71.51% 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 24.76% that was lower than 36.13% volatility it exhibited in the past 100-days period.
