The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Freeport-McMoRan Inc’s current trading price is -1.54% away from its 52-week high, while its distance from the 52-week low is 50.98%. The stock’s price range for this period has been between $32.77 and $50.24 The company’s shares, which are part of the Basic Materials sector, had a trading volume of approximately 13.84 million for the day, a number notably higher than the average daily volume of 13.46 million over the last three months.
Freeport-McMoRan Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $50.24 on 04/04/24, while the lowest value for the same period was recorded at $32.77 on 11/10/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Freeport-McMoRan Inc (FCX) has experienced a quarterly rise of 19.28% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 70.96B and boasts a workforce of 27200 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 40.16, with a change in price of +16.23. Similarly, Freeport-McMoRan Inc recorded 12,794,312 in trading volume during the last 100 days, posting a change of +48.83%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for FCX stands at 0.59. Similarly, the long-term debt-to-equity ratio is also 0.54.
FCX Stock Stochastic Average
As of today, Freeport-McMoRan Inc’s raw stochastic average for the last 50 days stands at 94.46%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 92.75%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 93.96% and 95.33%, respectively.
FCX Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded an increase of 16.42%. However, over the last six months, the performance has been weaker by 38.48%. The price of FCX increased 29.71% over the last 30 days. And in the last five days, it has surged by 5.21%.
