Freeport-McMoRan Inc (NYSE:FCX) price on Wednesday, May 09, fall -2.78% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $49.96.
A look at the stock’s price movement, the close in the last trading session was $51.39. The PE ratio in trailing twelve months stood at 44.07. Turning to its 52-week performance, $52.52 and $32.72 were the 52-week high and 52-week low respectively. Overall, FCX moved -2.47% over the past month.
Freeport-McMoRan Inc’s market cap currently stands at around $71.66 billion. The company has a Forward Dividend ratio of 0.30, with its dividend yield at 0.60%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 6.04B for the company’s revenue for the quarter, with a low and high estimate of 5.9B and 6.21B respectively. The average forecast suggests up to a 5.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 25.15B, representing a 10.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FCX is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.78, with FCX’s current price about 0.03% and 8.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.83, while 7-day volatility ratio is 2.22% and 3.06% in the 30-day chart. Further, Freeport-McMoRan Inc (FCX) has a beta value of 1.97, and an average true range (ATR) of 1.58.
If we refocus on Freeport-McMoRan Inc (NYSE:FCX), historical trading data shows that trading volumes averaged 14.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.44 billion shares.
The 1.67% of Freeport-McMoRan Inc’s shares are in the hands of company insiders while institutional holders own 80.27% of the company’s shares. Current price change has pushed the stock 17.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FCX stock continues to rise going into the next quarter.