Freeport-McMoRan Inc (NYSE: FCX) on Tuesday, plunged -2.03% from the previous trading day, before settling in for the closing price of $44.38. Within the past 52 weeks, FCX’s price has moved between $35.81 and $55.07.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Basic Materials Sector giant saw their annual sales surged by 7.03% over the last five years. The company achieved an average annual earnings per share of -0.45%. With a float of $1.43 billion, this company’s outstanding shares have now reached $1.44 billion.
The firm has a total of 27200 workers. Let’s measure their productivity. 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
Observing investor behavior towards Copper industry stocks is more important than anything else. The insider ownership of Freeport-McMoRan Inc is 0.60%, while institutional ownership is 84.85%. 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
According to the Wall Street analysts, stocks earnings will be around -0.45% 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 2.49. Likewise, its price to free cash flow for the trailing twelve months is 29.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.37, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 2.17 in one year’s time.
Technical Analysis of Freeport-McMoRan Inc (FCX)
Analysing the last 5-days average volume posted by the [Freeport-McMoRan Inc, FCX], we can find that recorded value of 10.36 million was lower than the volume posted last year of 12.87 million. As of the previous 9 days, the stock’s Stochastic %D was 75.36%. Additionally, its Average True Range was 1.25.
During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 32.52%, which indicates a significant increase from 20.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.20% in the past 14 days, which was lower than the 36.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.91, while its 200-day Moving Average is $46.43. Now, the first resistance to watch is $44.00. This is followed by the second major resistance level at $44.52. The third major resistance level sits at $44.96. If the price goes on to break the first support level at $43.04, it is likely to go to the next support level at $42.60. Should the price break the second support level, the third support level stands at $42.08.
Freeport-McMoRan Inc (NYSE: FCX) Key Stats
Market capitalization of the company is 62.48 billion based on 1,436,928K 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.
