Freeport-McMoRan Inc (NYSE: FCX) kicked off on Tuesday, down -1.77% from the previous trading day, before settling in for the closing price of $35.53. Over the past 52 weeks, FCX has traded in a range of $34.89-$54.96.
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A company in the Basic Materials sector has jumped its sales by 14.04% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 13.88%. With a float of $1.43 billion, this company’s outstanding shares have now reached $1.44 billion.
In an organization with 28500 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 29.37%, operating margin of 26.68%, and the pretax margin is 27.25%.
Freeport-McMoRan Inc (FCX) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Copper Industry. The insider ownership of Freeport-McMoRan Inc is 0.62%, while institutional ownership is 85.14%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 13.88% per share during the next fiscal year.
Freeport-McMoRan Inc (NYSE: FCX) Trading Performance Indicators
Take a look at Freeport-McMoRan Inc’s (FCX) current performance indicators. Last quarter, stock had a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.99. Likewise, its price to free cash flow for the trailing twelve months is 21.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.30, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 2.30 in one year’s time.
Technical Analysis of Freeport-McMoRan Inc (FCX)
Let’s dig in a bit further. During the last 5-days, its volume was 16.19 million. That was better than the volume of 14.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.20%. Additionally, its Average True Range was 1.42.
During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 3.98%, which indicates a significant decrease from 9.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.01% in the past 14 days, which was higher than the 30.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.10, while its 200-day Moving Average is $44.38. However, in the short run, Freeport-McMoRan Inc’s stock first resistance to watch stands at $35.59. Second resistance stands at $36.29. The third major resistance level sits at $36.95. If the price goes on to break the first support level at $34.23, it is likely to go to the next support level at $33.57. Assuming the price breaks the second support level, the third support level stands at $32.88.
Freeport-McMoRan Inc (NYSE: FCX) Key Stats
The company with the Market Capitalisation of 50.15 billion has total of 1,437,073K Shares Outstanding. Its annual sales at the moment are 25,455 M in contrast with the sum of 1,889 M annual income. Company’s last quarter sales were recorded 5,720 M and last quarter income was 274,000 K.
