On Monday, Freeport-McMoRan Inc (NYSE: FCX) opened higher 1.99% from the last session, before settling in for the closing price of $42.70. Price fluctuations for FCX have ranged from $35.07 to $55.07 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 7.03%. Company’s average yearly earnings per share was noted -0.25% at the time writing. With a float of $1.43 billion, this company’s outstanding shares have now reached $1.44 billion.
Let’s determine the extent of company efficiency that accounts for 27200 employees. In terms of profitability, gross margin is 30.83%, operating margin of 28.08%, and the pretax margin is 29.09%.
Freeport-McMoRan Inc (FCX) Insider Activity
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 0.60%, while institutional ownership is 84.87%. The most recent insider transaction that took place on Nov 11 ’24, was worth 583,878. In this transaction EVP & CFO of this company sold 13,000 shares at a rate of $44.91, taking the stock ownership to the 68,198 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Officer proposed sale 13,000 for $44.91, making the entire transaction worth $583,878.
Freeport-McMoRan Inc (FCX) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.27 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.23) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.25% 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
Check out the current performance indicators for Freeport-McMoRan Inc (FCX). In the past quarter, the stock posted a quick ratio of 1.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.46. Likewise, its price to free cash flow for the trailing twelve months is 29.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.37, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 2.21 in one year’s time.
Technical Analysis of Freeport-McMoRan Inc (FCX)
Looking closely at Freeport-McMoRan Inc (NYSE: FCX), its last 5-days average volume was 13.35 million, which is a jump from its year-to-date volume of 12.93 million. As of the previous 9 days, the stock’s Stochastic %D was 13.27%. Additionally, its Average True Range was 1.45.
During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 33.04%, which indicates a significant increase from 21.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.27% in the past 14 days, which was lower than the 36.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.69, while its 200-day Moving Average is $46.27. However, in the short run, Freeport-McMoRan Inc’s stock first resistance to watch stands at $43.95. Second resistance stands at $44.35. The third major resistance level sits at $45.04. If the price goes on to break the first support level at $42.85, it is likely to go to the next support level at $42.16. Should the price break the second support level, the third support level stands at $41.76.
Freeport-McMoRan Inc (NYSE: FCX) Key Stats
There are currently 1,436,856K shares outstanding in the company with a market cap of 61.75 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 6,790 M and its income totaled 526,000 K.
