Freeport-McMoRan Inc (NYSE:FCX) shares, rose in value, with the stock price up by 1.47% to the previous day’s close as strong demand from buyers drove the stock to $38.72.
Actively observing the price movement in the recent trading, the stock is buoying the session at $38.16. The PE ratio was 29.88 over 12-month period. Referring to stock’s 52-week performance, its high was $54.96, and the low was $34.26. On the whole, FCX has fluctuated by 6.14% over the past month.
With the market capitalization of Freeport-McMoRan Inc currently standing at about $55.64 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.53, with its dividend yield at 1.36%.
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 1.41, with the price of FCX currently trading nearly 2.39% and 1.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.35, while the 7-day volatility ratio is showing 4.91% which for the 30-day chart, stands at 3.40%. Furthermore, Freeport-McMoRan Inc (FCX)’s beta value is 1.76, and its average true range (ATR) is 1.51.
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 1.47% in today’s session so far, and over the past year, it grew by 1.69%%.
Data on historical trading for Freeport-McMoRan Inc (NYSE:FCX) indicates that the trading volumes over the past 3 months, they’ve averaged 13.87 million. According to company’s latest data on outstanding shares, there are 1.44 billion shares outstanding.
Nearly 0.62% of Freeport-McMoRan Inc’s shares belong to company insiders and institutional investors own 85.13% of the company’s shares. The stock has risen by 1.87% 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.
