Freeport-McMoRan Inc (FCX) is expecting -17.79% growth in the next quarter: What can investors do to maximize their returns?

On Monday, Freeport-McMoRan Inc (NYSE: FCX) was 0.63% up from the session before settling in for the closing price of $38.22. A 52-week range for FCX has been $34.89 – $54.96.

Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 14.32%. When this article was written, the company’s average yearly earnings per share was at 13.36%. With a float of $1.42 billion, this company’s outstanding shares have now reached $1.44 billion.

Considering the fact that the conglomerate employs 27200 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 30.67%, operating margin of 34.46%, and the pretax margin is 35.2%.

Freeport-McMoRan Inc (FCX) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Freeport-McMoRan Inc stocks. The insider ownership of Freeport-McMoRan Inc is 0.83%, while institutional ownership is 85.21%. 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

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 13.36% per share during the next fiscal year.

Freeport-McMoRan Inc (NYSE: FCX) Trading Performance Indicators

You can see what Freeport-McMoRan Inc (FCX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.21. Likewise, its price to free cash flow for the trailing twelve months is 23.50.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.30, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 2.27 in one year’s time.

Technical Analysis of Freeport-McMoRan Inc (FCX)

Compared to the last year’s volume of 14.9 million, its volume of 16.18 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 78.19%. Additionally, its Average True Range was 1.21.

During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 20.15%, which indicates a significant decrease from 63.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.46% in the past 14 days, which was lower than the 32.44% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $39.61, while its 200-day Moving Average is $45.35. Nevertheless, the first resistance level for the watch stands at $38.78 in the near term. At $39.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $39.29. If the price goes on to break the first support level at $38.27, it is likely to go to the next support level at $38.08. Should the price break the second support level, the third support level stands at $37.76.

Freeport-McMoRan Inc (NYSE: FCX) Key Stats

There are 1,436,928K outstanding shares of the company, which has a market capitalization of 55.26 billion. As of now, sales total 25,455 M while income totals 1,889 M. Its latest quarter income was 5,720 M while its last quarter net income were 274,000 K.