Freeport-McMoRan Inc (NYSE:FCX) shares, rose in value, with the stock price up by 0.52% to the previous day’s close as strong demand from buyers drove the stock to $48.24.
Actively observing the price movement in the last trading, the stock closed the session at $47.99. The PE ratio was 42.55 over 12-month period. Referring to stock’s 52-week performance, its high was $52.42, and the low was $32.72. On the whole, FCX has fluctuated by 6.53% over the past month.
The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 0.62%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 24.63B, with a low estimate of 5.74B and a high estimate of 6.21B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.96B.
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% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.60, with the price of FCX currently trading nearly -1.46% and 10.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.84, while the 7-day volatility ratio is showing 3.05% which for the 30-day chart, stands at 2.92%. Furthermore, Freeport-McMoRan Inc (FCX)’s beta value is 2.04, and its average true range (ATR) is 1.53.
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 0.52% in last session, and over the past year, it grew by 22.91%%.
Data on historical trading for Freeport-McMoRan Inc (NYSE:FCX) indicates that the trading volumes over the past 3 months, they’ve averaged 14.48 million. According to company’s latest data on outstanding shares, there are 1.44 billion shares outstanding.
Nearly 1.67% of Freeport-McMoRan Inc’s shares belong to company insiders and institutional investors own 80.53% of the company’s shares. The stock has risen by 13.69% 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.
