Freeport-McMoRan Inc (NYSE:FCX) price closed lower on Friday, April 12, dropping -2.36% below its previous close.
A look at the daily price movement shows that the last close reads $50.67. The company’s P/E ratio in the trailing 12-month period read 38.97. Taking into account the 52-week price action we note that the stock hit a 52-week high of $51.95 and 52-week low of $32.72. The stock added 14.13% on its value in the past month.
Freeport-McMoRan Inc, which has a market valuation of $70.96 billion. The company stock has a Forward Dividend ratio of 0.38, while the dividend yield is 0.76%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FCX a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.58. The overview shows that FCX’s price is at present 4.96% off the SMA20 and 17.54% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 66.60, with weekly volatility standing at 3.48%. The indicator jumps to 2.85% when calculated based on the past 30 days. Freeport-McMoRan Inc (NYSE:FCX)’s beta value is holding at 2.05, while the average true range (ATR) indicator is currently reading 1.45. An analysis of the Freeport-McMoRan Inc (NYSE:FCX) stock in terms of its daily trading volume indicates that the 3-month average is 13.98 million.
Current records show that the company has 1.44B in outstanding shares. The insiders’ percentage holdings are 1.66% of outstanding shares while the percentage share held by institutions stands at 80.52%. But the 16.59% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
