Freeport-McMoRan Inc (NYSE:FCX) shares, rose in value, with the stock price down by -0.07% to the previous day’s close as strong demand from buyers drove the stock to $40.19.
Actively observing the price movement in the recent trading, the stock is buoying the session at $40.22, falling within a range of $39.84 and $40.8. The value of beta (5-year monthly) is 1.91 whereas the PE ratio is 31.01 over 12-month period. Referring to stock’s 52-week performance, its high was $54.96, and the low was $34.89. On the whole, FCX has fluctuated by 0.40% over the past month.
With the market capitalization of Freeport-McMoRan Inc currently standing at about $57.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 0.74%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 26.08B, with a low estimate of 5B and a high estimate of 5.5B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.33B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FCX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.53, with the price of FCX currently trading nearly 6.32% and 2.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.23, while the 7-day volatility ratio is showing 2.87% which for the 30-day chart, stands at 3.01%. Furthermore, Freeport-McMoRan Inc (FCX)’s beta value is 1.88, and its average true range (ATR) is 1.23.
A comparison of Freeport-McMoRan Inc (FCX) with its peers suggests the former has fared considerably weaker in the market. FCX showed an intraday change of -0.07% in today’s session so far, and over the past year, it grew by 10.33%%.
Data on historical trading for Freeport-McMoRan Inc (NYSE:FCX) indicates that the trading volumes over the past 10 days have averaged 15.66 and over the past 3 months, they’ve averaged 12.98 million. According to company’s latest data on outstanding shares, there are 1.44 billion shares outstanding.
Nearly 0.60% of Freeport-McMoRan Inc’s shares belong to company insiders and institutional investors own 85.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 26.09 million shares as on 2024-12-31, resulting in a short ratio of 2.26. According to the data, the short interest in Freeport-McMoRan Inc (FCX) stood at 183.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 23.9 million. The stock has risen by 5.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FCX stock heading into the next quarter.
