The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price increase of 2.39%. However, over the past six months, we’ve seen a weaker performance of 13.75%. The price of FCX leaped by -5.53% over the last 30 days. And in the last five days, it has surged by 5.68%.
Freeport-McMoRan Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $55.15 on 05/20/24, while the lowest price for the same duration was marked at $32.67 on 11/10/23.
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52-week price history of FCX Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Freeport-McMoRan Inc’s current trading price is -21.35% away from its 52-week high, while its distance from the 52-week low is 32.79%. The stock’s price range during this period has varied between$32.67 and $55.15. The Freeport-McMoRan Inc’s shares, which operate in the Basic Materials, saw a trading volume of around 3.4 million for the day, a figure considerably lower than their average daily volume of 12.62 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Freeport-McMoRan Inc (FCX) has experienced a quarterly decline of -16.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 62.33B and boasts a workforce of 27200 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 48.69, with a change in price of -2.04. Similarly, Freeport-McMoRan Inc recorded 13,868,209 in trading volume during the last 100 days, posting a change of -4.50%.
FCX’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for FCX stands at 0.54. Similarly, the long-term debt-to-equity ratio is also 0.50.
FCX Stock Stochastic Average
As of today, Freeport-McMoRan Inc’s raw stochastic average for the last 50 days stands at 32.82%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 58.02%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 50.46% and 38.87%, respectively.
